Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Regular or Supplemental RCA: Regular RCA
Type of Request: Commercial Paper
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):
title
Request for approval of an order authorizing the issuance, sale, and delivery of Harris County, Texas Toll Road First Lien Revenue and Refunding Bonds, Series 2024A; approving the Sixth Supplemental Toll Road Revenue Bonds Trust Indenture, a bond purchase agreement and an official statement; authorizing an authorized representative to approve the amounts, interest rates, prices and terms of such bonds and certain other matters relating thereto; authorizing the discharge of certain outstanding Harris County, Texas Toll Road First Lien Revenue Commercial Paper Notes; authorizing necessary actions, including the execution of documents and instruments necessary or convenient to carry out the issuance, sale and delivery of such bonds and payment of such other obligations; authorizing and ratifying other actions and activities to support the issuance and administration of such bonds, including the opening of bank accounts; making certain findings with respect thereto; and containing other provisions relating to the subject.
end
Background and Discussion:
HCTRA intends to issue bonds in an amount not to exceed $950 million to refund CP Notes, Series K and Series K-2 and new money to fund toll road projects.
Expected Impact:
N/A
Alternative Options:
N/A
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
x Transportation
x Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
Date
Ag...
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