Department: Purchasing
Department Head/Elected Official: DeWight Dopslauf
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Renewal
Project ID (if applicable): 210043
Vendor/Entity Legal Name (if applicable): Masterson Advisors, LLC
MWDBE Contracted Goal (if applicable):13%
MWDBE Current Participation (if applicable):100%
Justification for 0% MWDBE Participation Goal: N/A - Goal is not 0% and is listed above
Request Summary (Agenda Caption):
title
Request for approval of a renewal option with Masterson Advisors, LLC for financial advisory services for Harris County and the Flood Control District through August 23, 2025 at a cost of $300,000 (210043), MWDBE Contracted Goal: 13%, MWDBE Current Participation: 100%.
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Background and Discussion:
This is the third renewal of the existing agreement with Masterson Advisors. As our financial advisors, Masterson, provides advice regarding debt issuances, financial planning, financing alternatives, and other general financial advice.
Expected Impact:
N/A
Alternative Options:
If not renewed, we would need to go through an RFP process to select a financial advisor.
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
X Governance and Customer Service
Prior Court Action (if any):
Date
Agenda Item #
Action Taken
8/24/21
330
Approved
8/02/22
189
Approved
8/08/23
242
Approved
Location: N/A
Address (if applicable): N/A
Precinct(s): Choose an item.
Fiscal and Personnel Summary
Service Name
Financial/Municipal Advisory Services
Current Fiscal Year Cost
Annual Fiscal Cost
Labor
Non-Labor
Total
Recurring Expenses
Funding Sources
Existing Budget
1000 - General Fund
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Total Current Budget
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Additional Budget Request (Requires Fiscal Review Request Form)
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Total Additional ...
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