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 ratifying and confirming the revised terms and provisions of the credit agreement for the Harris County Flood Control District Limited Tax Commercial Paper Notes Series H; and containing other provisions relating to the subject.
end
Background and Discussion:
The credit agreement between the Harris County Flood Control District and JP Morgan Chase Bank in connection with the CP Notes, Series H will expire on December 10, 2024. The County has renewed its agreement and the final date has been extended to December 10, 2027.
Expected Impact:
Under the renewal of agreement, facility fee has increased from 0.24% to 0.29%, an annual increase of $253K in fees.
Alternative Options:
N/A
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
X Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
Date
Agenda Item #
Action Taken
10/08/24
43
Approval of a note counsel engagement relating to the renewal of agreement in connection with Flood Control CP Notes, Series H.
11/12/24
30
Approval of an order amending the Flood Control CP Notes, Series H Third Amended and Restated Order.
Location:
Address (if applicable): N/A
Precinct(s): Choose an item.
Fiscal and Personnel Summary
Service Name
Commercial Paper
Current Fiscal Year Cost
Annual Fiscal Cost
Labor
Non-Labor
Total
Recurring Expenses
Funding Sources
Existing Budget
Commercial Paper
$
$
...
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