Primary Department: Purchasing
Primary Department Head/Elected Official: Paige McInnis
Secondary Department: Management and Budget
Secondary Department Head/Elected Official: Daniel Ramos
Regular or Supplemental RCA: Regular RCA
Type of Request: Interlocal Agreement
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): Harris County Redevelopment Authority (HCRA) & City of Houston Tax Increment Reinvestment Zone (TIRZ) Number Twenty-Four
MWBE Contracted Goal (if applicable):
MWBE Current Participation (if applicable):
Justification for 0% MWBE Participation Goal: Exempt - Interlocal/Cooperative Agreement
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 an interlocal agreement renewal option with Harris County Redevelopment Authority (HCRA) & City of Houston Tax Increment Reinvestment Zone (TIRZ) Number Twenty-Four to provide Harris County Redevelopment Authority and City of Houston Tax Increment Reinvestment Zone Number Twenty-Four with financial investment services for the period of December 13, 2025 - December 12, 2026, at no cost to the County, Justification for 0% MWBE Participation Goal: Exempt - Interlocal/Cooperative Agreement.
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Background and Discussion:
This interlocal agreement generates $16,000 annually to the County to cover the costs of managing their investment portfolio. This is the third of four (4) one-year renewal options. It is recommended that Harris County renew an interlocal agreement with Harris County Redevelopment Authority (HCRA) & City of Houston Tax Increment Reinvestment Zone (TIRZ) Number Twenty-Four to provide Harris County Redevelopment Authority and City of Houston Tax Increment Reinvestment Zone Number Twenty-Four with financial investment services for the period of December 13, 2025 - December 12, 2026, with four (4) one-year renewal options, at no cost to...
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