Legislation Details

File #: 25-0045    Version: 1 Name:
Type: Bonds Status: Passed
File created: 12/20/2024 In control: Commissioners Court
On agenda: 1/9/2025 Final action: 1/9/2025
Title: Request for approval of an order ratifying and confirming the terms and provisions of the Harris County, Texas Hotel Occupancy Tax Senior Lien Revenue Bonds, Taxable Series 2024, as established by the pricing certificate relating thereto; approving such pricing certificate; and containing other matters relating thereto.
Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget

Secondary Department: N/A
Secondary Department Head/Elected Official: N/A

Regular or Supplemental RCA: Regular RCA

Type of Request: Bonds

Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A

MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request

Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item

Request Summary (Agenda Caption):
title
Request for approval of an order ratifying and confirming the terms and provisions of the Harris County, Texas Hotel Occupancy Tax Senior Lien Revenue Bonds, Taxable Series 2024, as established by the pricing certificate relating thereto; approving such pricing certificate; and containing other matters relating thereto.
end

Background and Discussion:
The County issued $35,620,000 Hotel Occupancy Tax new money bonds to finance the roof replacement and sound system of the NRG Park Campus Facility.

Expected Impact:
Increased HOT debt.


Alternative Options: N/A




County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1): Choose an item.
Infrastructure Initiative (Goal 2): Choose an item.
Economy Initiative (Goal 3): Choose an item.
Health Initiative (Goal 4): Choose an item.
Climate/Resilience Initiative (Goal 5): Choose an item.
Housing Initiative (Goal 6): Choose an item.

Additional notes related to the Strategic Plan: N/A

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 includ...

Click here for full text