Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director
Regular or Supplemental RCA: Supplemental RCA
Type of Request: Commercial Paper
Project ID (if applicable): MF0ZM
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request by the Office of Management and Budget for approval of commercial paper funding for the Office of the County Engineer for the Annex Facilities Security Upgrades Countywide project in the additional amount of $1,500,000 for a total CP funding of $9,630,000.
end
Background and Discussion:
Commercial Paper Series D-2 can be used for (1) construction of public works, (2) the purchase of automobiles, equipment and machinery, including computers, materials and supplies for the operation of the County’s precincts and departments (3) Professional services, including services provided by engineers, architects, attorneys, auditors, financial advisors, and fiscal agents, in connection with the contractual obligations described in (1) and (2).
Commercial Paper is being requested for the Office of the County Engineer for the Annex Facilities Security Upgrades Countywide project and is expected to be repaid within the next three fiscal years either through bonds, budgetary means or pay-as-you-go sources. This is for approval for allocation of commercial paper for a previously approved project within the previously authorized amount.
HB 1869 compliance confirmed by: Paige Abernathy, Assistant County Attorney, July 19, 2024.
Expected Impact:
Annex Facilities Security Upgrades is a Countywide Program within FPM’s Capital Improvement Plan for asset/equipment replacement and major upgrade projects.
Alternative Options:
Not funding this program would lead to an even greater backlog of deferred maintenance to perform later and in some cases could create hazards to life and safety. Delay in project timeline may increase costs due to increased deterioration of infrastructure, potential bid increases, and increase in material and labor costs.
Alignment with Goal(s):
X Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
5/1/2018 |
1.q |
$1.5M authorization |
|
5/22/2018 |
4.g |
$1.5M CP allocation |
|
7/14/2020 |
1.n.1 |
$1M authorization in CIP |
|
7/28/2020 |
1.i |
$1M CP allocation |
|
3/9/2021 |
88 |
Harris County - Proposed Capital Improvements Program; Facility and Maintenance Projects: Annex Facilities Security Upgrades Countywide, pages 281 and 282 ($1M authorization for FY21-22) |
|
8/24/2021 |
94 |
$25K CP reduction |
|
3/8/2022 |
104 |
Request for approval of a Final Investment Memo for the Annex Facilities Security Upgrades Countywide project for an additional $1,684,000 for a SFY 22 authorization of $1,900,000 for Facilities and Property Maintenance and request for approval of commercial paper funding for Engineering for the project in the additional amount of $1,115,000 for a total of $3,825,000. (p.13) |
|
12/13/2022 |
82 |
Request for approval of a Final Investment Memo for the Annex Facilities Security Upgrades Countywide project (continuous) for an additional incremental authorization of $4,172,000 for a total FY23 authorization of $5,910,000. |
|
5/16/2023 |
23-2831 |
Request for CP funding in the amount of $75,000 |
|
6/6/2024 |
24-3368 |
Request for CP funding in the amount of $1,700,000 |
|
8/27/2024 |
24-5062 |
Request for CP funding in the amount of $680,000 |
|
9/19/2024 |
24-5827 |
Request for approval of a Final Investment Memo for the Annex Facilities Security Upgrades Countywide project (continuous) for an incremental authorization of $4,574,000 for a total FY2025 authorization of $5,074,000. |
|
11/12/2024 |
24-7113 |
Request for CP funding in the amount of $950,000. |
|
12/10/2024 |
24-7804 |
Request for CP funding in the amount of $900,000. |
Location:
Address (if applicable): Countywide
Precinct(s): Countywide
|
Fiscal and Personnel Summary |
|
Service Name |
Property Maintenance |
|
|
|
Current Fiscal Year Cost |
Annual Fiscal Cost |
|
|
Labor |
Non-Labor |
Total |
Recurring Expenses |
|
Funding Sources |
|
|
Existing Budget |
|
|
|
|
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Current Budget |
$ |
$ |
$ |
$ |
|
Additional Budget Request (Requires Fiscal Review Request Form) |
|
|
Commercial Paper |
$ |
$1,500,000 |
$1,500,000 |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Additional Budget Request |
$ |
$1,500,000 |
$1,500,000 |
$ |
|
Total Funding Request |
$ |
$1,500,000 |
$1,500,000 |
$ |
|
Personnel (Fill out section only if requesting new PCNs) |
|
|
Current Position Count for Service |
- |
- |
- |
- |
|
Additional Positions Request |
- |
- |
- |
- |
|
Total Personnel |
- |
- |
- |
- |
Anticipated Court Date: February 6, 2025
Anticipated Implementation Date (if different from Court date):
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Amy Perez, Deputy Executive Director, Office of Management and Budget
Attachments (if applicable): N/A