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): GENERATORS
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 Office of the County Engineer for the Emergency Generator Installations project in the additional amount of $1,000,000 for a total CP funding of $2,480,000.
end
Background and Discussion:
Commercial Paper Series D 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 Emergency Generator Installations 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 23, 2024.
Expected Impact:
By adding backup generators to the facilities, Harris County will ensure continued service to the residents of Harris County during power outages and provide much needed warming centers and disaster shelters during major events.
Alternative Options:
There are no known, practical alternatives for a backup power system that will provide uninterrupted power to facilities. The only alternative is to forego investing in these systems and simply allow the facilities to be without power when the grid goes down. Any delay in the project risks a lengthy power outage and temporary loss of ability to use the facilities the next time there is a power outage. Stakeholders are all Harris County residents and others who are served by these facilities, the employees, and other people in the general area who may not have an alternative power source during a prolonged power outage.
Alignment with Goal(s):
X Justice and Safety
X Economic Opportunity
_ Housing
X Public Health
_ Transportation
_ Flooding
_ Environment
X Governance and Customer Service
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
8/6/2024 |
85 |
Request for approval of a FIM for an initial amount of $38,900,000, including transferring $1,478,741 in authorization from the Precinct 3 Generators project, and an initial commercial paper allocation of $1,480,000 to be transferred from the Precinct 3 Generators project. |
Location:
Address (if applicable): Multiple
Precinct(s): Countywide
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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 |
$ |
$1,000,000 |
$1,000,000 |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
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Total Additional Budget Request |
$ |
$1,000,000 |
$1,000,000 |
$ |
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Total Funding Request |
$ |
$1,000,000 |
$1,000,000 |
$ |
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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: December 10, 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