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: Supplemental RCA
Type of Request: Bonds
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): 30%
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal is not 0% and is listed above
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 by the Office of Management and Budget for approval of an order approving proceedings to authorize Harris County, Texas, Toll Road First Lien Revenue Refunding Bonds, Series 2025A, including the preparation of financing and offering documents; approving the engagement of professionals in connection with the foregoing; and making other provisions regarding such bonds, and matters incident thereto, MWBE Contracted Goal: 30%.
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Background and Discussion:
HCTRA intends to issue bonds in an amount not to exceed $250 million to refund certain outstanding bonds and refund CP Notes, Series K and Series K-2 to restore CP capacity.
The go forward order authorizes the execution and delivery of engagement letters with contingent fee payment provisions with the following professionals: Greenberg Traurig LLP and West & Associates LLP, as co-bond counsel ("Co-Bond Counsel"); and Frost Brown Todd LLP and the Law Offices of Francisco G. Medina, as co-disclosure counsel ("Co-Disclosure Counsel") in order for the County to obtain specialized legal services from such professionals in connection with the issuance of bonds. The engagement of Co-Bond Counsel and Co-Disclosure Counsel is based on the demonstrated competence, qualifications, and experience o...
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