Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Regular or Supplemental RCA: Supplemental RCA
Type of Request: Resolution
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
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Request by the Office of Management and Budget for approval of a reimbursement resolution relating to the intention of Harris County to reimburse itself for the prior lawful expenditure of funds relating to toll road projects.
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Background and Discussion:
The County intents to reimburse itself for capital costs paid within the last 60 days and that will be paid subsequent to the date for Ship Channel Bridge, Hardy Downtown Connector, and Barrier-Free Program projects in an amount not to exceed $500 million.
Expected Impact:
The reimbursement resolution will permit the County to use debt to reimburse up to $500 million in capital expenditures for Ship Channel Bridge, Hardy Downtown Connector, and Barrier-Free Program.
Alternative Options:
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
X Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
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Fiscal and Personnel Summary
Service Name
Commercial Paper
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Funding Sources
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Bonds
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Additional Budget Request (Requires Fiscal Review Request Form)
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Total Additi...
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