Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Commercial Paper
Project ID (if applicable): FY24_EQUIP
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 for approval of commercial paper funding for the Precinct 4 Fleet and Equipment Acquisition and Replacement project in the additional amount of $35,000 for a total CP funding of $2,500,000.
end
Background and Discussion:
Commercial Paper Series D-3 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 Precinct 4 Fleet and Equipment Acquisition and
Replacement 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, December 5, 2024.
Expected Impact:
The project aims to acquire new operational equipment for Harris County Commissioner Precinct 4 to improve overall operational efficiency.
Alternative Options:
Our Infrastructure teams can continue the current process for planning capital projects but will lose an opportunity to multiply their efficiency and effectiveness in their process with the specialized equipment. More labor hours can continue to be utilized in the mapping and planning of capital project sites, leading to relatively higher operational costs and time spent per project. A lack of supporting operational equipment can be managed but can potentially result in service request backlogs.
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
X Transportation
_ Flooding
X Environment
X Governance and Customer Service
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
12/19/2023 |
328 |
Request for approval of the Final Investment Memo for the Precinct 4 Fleet and Equipment Acquisition and Replacement project for an amount of $2,461,000 and request for approval of commercial paper funding in the amount of $2,465,000 for FY2024. Approved 5-0 for an initial amount of $2,465,000 for the project. |
Location:
Address (if applicable): : 14444 Holderrieth Rd; Tomball, TX 77377
Precinct(s): Precinct 4
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Fiscal and Personnel Summary |
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Service Name |
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Current Fiscal Year Cost |
Annual Fiscal Cost |
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Labor |
Non-Labor |
Total |
Recurring Expenses |
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Funding Sources |
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Existing Budget |
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|
|
|
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
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Total Current Budget |
$ |
$ |
$ |
$ |
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Additional Budget Request (Requires Fiscal Review Request Form) |
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Commercial Paper |
$ |
$35,000 |
$35,000 |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
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Total Additional Budget Request |
$ |
$35,000 |
$35,000 |
$ |
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Total Funding Request |
$ |
$35,000 |
$35,000 |
$ |
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Personnel (Fill out section only if requesting new PCNs) |
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Current Position Count for Service |
- |
- |
- |
- |
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Additional Positions Request |
- |
- |
- |
- |
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Total Personnel |
- |
- |
- |
- |
Anticipated Court Date: October 8, 2024
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