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Houston Downtown Management District The Downtown District is a municipal management district whose boundaries are represented largely by the freeway ring around the central business core of Houston. HDMD has access to tax-exempt financing, immunity from torts claims, and other benefits. The entity is a body politic and corporate of the State of Texas run by a 30-member board of directors that represents property owners, managers and tenants in downtown. Various city department heads serve in an ex-officio, non-voting capacity on the board. The Downtown District is staffed under contract with Central Houston, Inc. The Downtown District operates under five-year service plans funded by assessments for both services and major capital improvements. Significant contracts include: 1) Texas Avenue Streetscape Improvements; 2) betterments associated with Metro's Downtown Transit Streets Improvement Project; and, 3) the City of Houston's Cotswold 2000 Project. |
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| COPYRIGHT 2008 CENTRAL HOUSTON, INC. ALL RIGHTS RESERVED | |||