The Midtown Management District (the “District”) was created in 1999 by the 76th Texas Legislature pursuant to House Bill 2894 (the “Special Act”). The City of Houston (“City”) gave its formal consent to the creation of the District. The District began to provide services under the Service Plan on or about October 1, 2000.
The land included within the District is a mixed-use urban area of the City in need of revitalization and redevelopment. Revitalization efforts for the area were begun by the City and the Midtown Redevelopment Authority (the “Authority”) in conjunction with Reinvestment Zone Number Two, City of Houston (the “Midtown TIRZ”) established by the City. In order to take advantage of the momentum created by this project and to expand revitalization efforts, representatives of businesses and residents in the area joined together to initiate the creation of the District as a special financing district.
The District levies an assessment on the commercial and residential property owners within the District to provide services and improvements above and beyond what the city and individual property owners can provide. These services and improvements are in the following areas: (i) Marketing and Perception Enhancement; (ii) Urban Planning; (iii) Services and Maintenance and (iv) Security and Public Safety, in addition to providing for the administration of the District.