Primary Department: Purchasing
Primary Department Head/Elected Official: Paige McInnis
Secondary Department: Management and Budget
Secondary Department Head/Elected Official: Daniel Ramos
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Renewal
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): Harris County Redevelopment Authority (HCRA) & City of Houston Tax Increment Reinvestment Zone (TIRZ) Number Twenty-Four
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 interlocal renewal option with Harris County Redevelopment Authority (HCRA) & City of Houston Tax Increment Reinvestment Zone (TIRZ) Number Twenty-Four to provide Harris County Redevelopment Authority and City of Houston Tax Increment Reinvestment Zone Number Twenty-Four with financial investment services through December 12, 2025, at no cost to the County.
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Background and Discussion:
This interlocal agreement generates $16,000 annually to the County to cover the costs of managing their
investment portfolio. This is the second of four (4) one-year renewal options. It is recommended that Harris
County renew an interlocal agreement with Harris County Redevelopment Authority (HCRA) & City of Houston
Tax Increment Reinvestment Zone (TIRZ) Number Twenty-Four to provide Harris County Redevelopment
Authority and City of Houston Tax Increment Reinvestment Zone Number Twenty-Four with financial
investment services for the period of December 13, 2024 - December 12, 2025, at no cost to the county.
Expected Impact:
None
Alternative Options:
HCRA and TIRZ 24 could do an RFP for investment management services.
County Strategic Pla...
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