The city of Houston Tax Increment Reinvestment Zone Number One was created by Houston city council, pursuant to landowner petition and provisions of the Texas Tax Code, to facilitate development of the area known as Saint George Place, a 115-acre zone consisting of the Lamar Terrace subdivision located near the Galleria Shopping Center. TIRZ One is bounded approximately by South Rice, Chimney Rock, Richmond, and Alabama. The zone became effective on January 1, 1991 and will terminate on December 31, 2031. Originally consisting of the 42.2 acres east of Yorktown, TIRZ One was enlarged on January 1, 1993 to add the 73.3 acres west of Yorktown and encompass the entire Lamar Terrace neighborhood. The Zone Project Plan and Reinvestment Zone Financing plan includes new streets, sidewalks, driveway aprons, fencing, street lights, and removal and replacement of utility lines. The Plan also provides for the adoption of special zoning regulations to control use of the land. The Zone board has appointed a Zoning Commission and has established planning and zoning regulations which have been approved by city council. Public improvements on the east side of TIRZ One were substantially complete in 2001. At that time, the east side consisted of 164 new single-family homes, 25 original homes, 31 homes under construction, three commercial properties, and 40 vacant lots. West side development consisted of 100 original homes, 24 older commercial establishments, one new commercial establishment, one new home, 37 homes under construction, and approximately 80 vacant lots.
City of Houston TIRZ One