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: Commercial Paper
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 revised terms and provisions of the credit agreement for the Harris County Flood Control District Limited Tax Commercial Paper Notes Series H-2; and containing other provisions relating to the subject.
end
Background and Discussion:
The credit agreement between the Harris County Flood Control District and PNC Bank in connection with the CP Notes Series H-2 has been extended to February 24, 2028.
Expected Impact:
Under the renewal terms, the facility fee has increased to 28 bps which increases annual fees by $196K.
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.
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Climate/Resilience Initiative (Goal 5): Choose an item.
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Additional notes related to the Strategic Plan: N/A
Prior Court Action (if any):
Date
Agenda Item #
Action Taken
12/10/2024
49
Approval of a go forward order authorizing renewal of credit agreement with PNC Bank.
01/23/2025
25
Approval of T...
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