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 authorizing proceedings to issue and sell Harris County, Texas, Permanent Improvement Refunding Bonds, Series 2025A, Unlimited Tax Road Refunding Bonds, Series 2025A and Flood Control District Contract Tax 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; and containing other matters relating thereto, MWBE Contracted Goal: 30%.
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Background and Discussion:
The County intends to issue bonds in an amount not to exceed $500 million to refund certain outstanding bonds and refund CP Notes, Series C, Series D, Series D-2 and Series D-3 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: McCall, Parkhurst & Horton L.L.P. and Levi Benton & Associates PLLC, as Co-Bond Counsel; and Holland & Knight LLP and The Bates Law Firm PLLC, as Co-Disclosure Counsel in order for the County to obtain specialized legal services from such professionals in connection with the...
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