Primary Department: Harris County Sports & Convention Corporation
Primary Department Head/Elected Official: Martye Kendrick, Executive Director & CEO
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Secondary Department Head/Elected Official:
Regular or Supplemental RCA: Supplemental RCA
Type of Request: Financial Authorization
Project ID (if applicable):
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MWBE Current Participation (if applicable):
Justification for 0% MWBE Participation Goal: Choose an item.
Grant Indirect Costs Rate (if applicable):
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Request Summary (Agenda Caption):
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Request by the Harris County Sports & Convention Corporation (HCSCC) that the Court authorize the Office of Management and Budget to reimburse HCSCC $4,123,183.70 for the renewal of property insurance policies for Harris County owned facilities in NRG Park for the period of April 1, 2026 - March 31, 2027.
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Background and Discussion:
Each year, the Harris County Sports & Convention Corporation (HCSCC), in coordination with the Harris County Office of Management & Budget, procures and pays the property insurance policies for NRG Park, a Harris County owned facility, with reimbursement provided by Harris County.
For the current policy year, the total property insurance premium for NRG Park decreased by $875,162 compared to the prior year. HCSCC has undertaken significant operational, capital, and risk management improvements at the park, which are believed to have contributed to this favorable insurance outcome and resulting reduction in premium costs.
Expected Impact:
Necessary to protect Harris County owned facilities at NRG Park from property damage that may be incurred
as a result of weather or other significant events.
Alternative Options:
Pay for property damage to facilities from current resources.
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