Primary Department: Purchasing
Primary Department Head/Elected Official: Paige McInnis
Secondary Department: Management and Budget
Secondary Department Head/Elected Official: Daniel Ramos
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Renewal
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): Harris County Redevelopment Authority (HCRA) & City of Houston Tax Increment Reinvestment Zone (TIRZ) Number Twenty-Four
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):
title
Request for approval of an interlocal renewal option with Harris County Redevelopment Authority (HCRA) & City of Houston Tax Increment Reinvestment Zone (TIRZ) Number Twenty-Four to provide Harris County Redevelopment Authority and City of Houston Tax Increment Reinvestment Zone Number Twenty-Four with financial investment services through December 12, 2025, at no cost to the County.
end
Background and Discussion:
This interlocal agreement generates $16,000 annually to the County to cover the costs of managing their
investment portfolio. This is the second of four (4) one-year renewal options. It is recommended that Harris
County renew an interlocal agreement with Harris County Redevelopment Authority (HCRA) & City of Houston
Tax Increment Reinvestment Zone (TIRZ) Number Twenty-Four to provide Harris County Redevelopment
Authority and City of Houston Tax Increment Reinvestment Zone Number Twenty-Four with financial
investment services for the period of December 13, 2024 - December 12, 2025, at no cost to the county.
Expected Impact:
None
Alternative Options:
HCRA and TIRZ 24 could do an RFP for investment management services.
County Strategic Plan Goal: N/A
County Strategic Plan Objective: Choose an item.
Justice/Safety Initiative (Goal 1): Choose an item.
Infrastructure Initiative (Goal 2): Choose an item.
Economy Initiative (Goal 3): Choose an item.
Health Initiative (Goal 4): Choose an item.
Climate/Resilience Initiative (Goal 5): Choose an item.
Housing Initiative (Goal 6): Choose an item.
Additional notes related to the Strategic Plan: Governance and Customer Service
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
12/13/2022 |
274 |
Passed |
|
01/09/2024 |
194 |
Renewal 1 of 4 Approve |
Location: N/A
Address (if applicable): N/A
Precinct(s): Choose an item.
|
Fiscal and Personnel Summary |
|
Service Name |
|
|
|
|
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 Existing Budget |
$ |
$ |
$ |
$ |
|
Additional Budget Request (Requires Fiscal Review Request Form) |
|
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Additional Budget Request |
$ |
$ |
$ |
$ |
|
Total Funding Sources |
$ |
$ |
$ |
$ |
|
Grants - Proposed Budget (To be filled out by Grants staff only) |
|
|
Labor |
Non-Labor |
Total |
No. of Grant Years |
|
Local Match Source - Existing Budget: Choose an item. |
$ |
$ |
$ |
|
|
Local Match Source - Additional Budget Request: Choose an item. |
$ |
$ |
$ |
|
|
Grant Funds Applied for/Awarded (Total) |
$ |
$ |
$ |
|
|
Personnel (Fill out section only if requesting new PCNs) |
|
|
Current Position Count for Service |
- |
- |
- |
- |
|
Additional Positions Request |
- |
- |
- |
- |
|
Total Personnel |
- |
- |
- |
- |
Anticipated Court Date: 1/9/2025
Anticipated Implementation Date (if different from Court date): 12/13/2023
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Amy Perez, Deputy Executive Director, OMB; Dat Trinh, Buyer, Purchasing Department
Attachments (if applicable): Letter