Primary Department: Flood Control District
Primary Department Head/Elected Official: Marcus Y. Stuckett, P.E., CFM
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Award
Project ID (if applicable): P100-00-00-E015
Vendor/Entity Legal Name (if applicable): JPMorgan Chase Bank, 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):
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Request for approval of an escrow agreement with JPMorgan Chase Bank, N.A. for the Texas Water Development Board grant for the Greens Mid-Reach Phase 2 Design Project for the deposit of funds for the payment of sums due by the Flood Control District (Greens Bayou Watershed, Bond ID C-20, Project ID P100-00-00-E015, Agreement No. 2026-19, Precincts 1 and 2).
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Background and Discussion:
This request is for approval of an escrow agreement with JP Morgan Chase Bank for the Texas Water Development Board grant for the Greens Mid-Reach Phase 2 Design Project (P100-00-00-E015) for the deposit of funds for the payment of sums due by the Flood Control District.
Expected Impact:
This agreement will provide funding assistance for the Greens Mid-Reach Phase 2 through design. The Flood Control District will utilize its resources and applicable consultants during the project, as well as the management of the grant approval process in compliance with Harris County statutes, applicable laws of the state of Texas, and policy regarding federal grant awards.
Alternative Options:
The alternative to approving this item would be not utilize these State Community Directed Funding allocation, which would result in need for a different funding source to pay for...
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