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: Bonds
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 terms and provisions of the Harris County Flood Control District Improvement Refunding Bonds, Series 2025, as established by the pricing certificate relating thereto; approving such pricing certificate; and containing other matters relating thereto.
end
Background and Discussion:
On August 19, 2025, the Flood Control District issued $73,360,000 Flood Imp Ref Bonds, Series 2025 to refund and defease all or a portion of Flood Imp Ref Bonds, Series 2014 and Series 2015. The refunding of bonds generated NPV savings of $3.5M.
Expected Impact:
Debt service savings.
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.
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: N/A
Prior Court Action (if any):
Date
Agenda Item #
Action Taken
02/27/25
151
Approval of a Go Forward Order and engagement of co-counsel and co-note counsel fo...
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