Legislation Details

File #: 25-2885    Version: 1 Name:
Type: Contract - Renewal Status: Passed
File created: 4/28/2025 In control: Commissioners Court
On agenda: 5/8/2025 Final action: 5/8/2025
Title: Request for approval of a renewal option with Masterson Advisors, LLC for financial advisory services for Harris County and the Flood Control District for the period of August 24, 2025 - August 23, 2026 at a cost of $400,000 (210043), MWBE Contracted Goal: 13%, MWBE Current Participation: 100%.
Attachments: 1. 25-2885 Renewal - Masterson Advisors, LLC Job No. 210043
Primary Department: Purchasing
Primary Department Head/Elected Official: Paige McInnis

Secondary Department: Flood Control District
Secondary Department Head/Elected Official: Tina Petersen

Regular or Supplemental RCA: Regular RCA

Type of Request: Contract - Renewal

Project ID (if applicable): 210043
Vendor/Entity Legal Name (if applicable): Masterson Advisors, LLC

MWBE Contracted Goal (if applicable): 13%
MWBE Current Participation (if applicable): 100%
Justification for 0% MWBE Participation Goal: N/A - Goal is not 0% and is listed above

Grant Indirect Costs Rate (if applicable):
Justification for 0% Grant Indirect Costs Rate (if applicable): Choose an item.

Request Summary (Agenda Caption):
title
Request for approval of a renewal option with Masterson Advisors, LLC for financial advisory services for Harris County and the Flood Control District for the period of August 24, 2025 - August 23, 2026 at a cost of $400,000 (210043), MWBE Contracted Goal: 13%, MWBE Current Participation: 100%.
end

Background and Discussion:
This is the fourth renewal of the existing agreement with Masterson Advisors. As our financial advisors,
Masterson, provides advice regarding debt issuances, financial planning, financing alternatives, and other
general financial advice.



Expected Impact:
N/A



Alternative Options:
If not renewed, we would need to go through an RFP process to select a financial advisor.



County Strategic Plan Goal: Choose an item.
County Strategic Plan Objective: Choose an item.
Justice/Safety Initiative (Goal 1): Choose an item.
Infrastructure Initiative (Goal 2): Choose an item.
Economy Initiative (Goal 3): Choose an item.
Health Initiative (Goal 4): Choose an item.
Climate/Resilience Initiative (Goal 5): Choose an item.
Housing Initiative (Goal 6): Choose an item.

Additional notes related to the Strategic Plan:

Prior Court Action (if any):
Date
Agenda Item #
Action Taken
08/24/2021
330
Award
08/02/2...

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