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 to pay the March 2025 debt payments for Harris County Road Bonds, Permanent Improvement Bonds, and Flood Control Bonds and to wire payments to the paying agent on the scheduled payment date of March 15, 2025.
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Background and Discussion:
Debt service payments due on March 15, 2025:
$ 4,713,875.00
Flood Imp Ref Bonds, Series 2023A
2,978,375.00
Permanent Imp Ref Bonds, Series 2023A
3,027,330.83
Permanent Imp Ref Bonds, Series 2024A
2,180,381.25
Road Ref Bonds, Series 2023A
6,613,376.39
Road Ref Bonds, Series 2024A
$19,513,338.47
Expected Impact:
Due to change of fiscal year from February 28/29 to September 30, debt service payments for new bonds issued from October 2022 onward are payable on March 15 and September 15 of each year. Debt service payments for bonds issued prior to October 2022 remain payable on April 1 and October 1 of each year.
Alternative Options: N/A
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1): Choose an item.
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