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: 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 for approval of an order authorizing the issuance of Harris County, Texas Hotel Occupancy Tax Senior Lien Revenue Bonds, Taxable Series 2024; authorizing the authorized representative to approve the amounts, interest rates, prices and terms thereof and certain matters relating thereto; prescribing the terms and form thereof; providing for the payment of the principal thereof and interest thereon; awarding the sale thereof; authorizing the preparation and distribution of an Official Statement to be used in connection with the sale of the bonds; and making other provisions regarding said bonds, including use of the proceeds thereof, and matters incident thereto; and all other activities which will support the issuance and administration of the bonds, including the opening of bank accounts.
end
Background and Discussion:
The County will be issuing new money bonds but not to exceed $40M, to finance the roof replacement and sound system of the NRG Park Campus Facility.
Expected Impact:
It will Increase HOT debt.
Alternative Options: N/A
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
07/15/24
32
Approval of a go forward order to issue Hotel Occupancy Tax Revenue Bonds, Series 2024.
08/27/24
36
Approval of an order amending the previous go forward order to include the engagement o...
Click here for full text