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: Bonds
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 by the Office of Management and Budget for approval of an order authorizing the issuance, sale and delivery of Harris County, Texas Unlimited Tax Road Refunding Bonds, Series 2024A; levying a continuing direct annual ad valorem tax for the payment of principal and interest; authorizing the authorized representative to approve the amounts, interest rates, prices, terms and redemption provisions thereof; approving the preparation of financing documents and prescribing the terms and form thereof; authorizing the preparation and distribution of an official statement in connection with the sale of the bonds; making other provisions and other activities supporting the issuance and administration of such bonds including the opening of bank accounts.
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Background and Discussion:
Road Refunding Bonds, Series 2024A will be issued in an amount not to exceed $250 million to refund and defease all or a portion of Road Refunding Bonds, Series 2014A bonds for savings and refund CP, Series C and C-2.
Expected Impact:
Restore CP, Series C and C-2 capacity.
Alternative Options: N/A
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
X Transportation
_ Flooding
_ Environment
X Governance and Customer Service
Prior Court Action (if any):
Date
Agenda Item #
Action Taken
3/26/24
35
Approval of a go forward order and engagement of co-bond counsel, co-disclosure counsel and underwriters.
Location:
Address (if applicable): N/A
Prec...
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