Department: Management and Budget
Department Head/Elected Official: Daniel Ramos
Regular or Supplemental RCA: Regular RCA
Type of Request: Financial Authorization
Project ID (if applicable): N/A
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 a resolution relating to the intention of Harris County to reimburse itself for the prior lawful expenditures of funds relating to certain capital purposes from the proceeds of such tax-exempt obligation to be issued by Harris County.
end
Background and Discussion:
In a separate RCA presented on this meeting of Commissioners Court, the Office of Management and Budget (OMB) is seeking financial authorization for up to $4.1M for the purchase of land at or near 3315 Delano St. This land will be used to further and enhance the Riverside Health Center project. The companion RCA proposes to use up to $4.1M in general funds for the initial purchase. At a future date, OMB may determine that it is more financially advantageous to the County= to use another funding source, like commercial paper. In order to move an expense from a non-debt funding source to commercial paper, Commissioners Court must pass a resolution declaring its intent to do so before the expenses are made or within a very short timeframe thereafter.
Expected Impact:
This reimbursement resolution will permit the County to use debt to reimburse up to $4.1M in expenditures for the Riverside Health Center, including the purchase of land and structures located at or near 3315 Delano St., Houston, TX.
Alternative Options:
Capital purchases can be made with other funds. By not approving this reimbursement resolution, Commissioners Court would potentially preclude the County being able to reimburse previous expenses from other funds on an otherwise eligible capital land purchase. This would prevent up to $4.1M in funds from being available for other purposes.
Alignment with Goal(s):
X Justice and Safety
_ Economic Opportunity
_ Housing
X Public Health
_ Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
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Date |
Agenda Item # |
Action Taken |
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Location:
Address (if applicable): at or near 3315 Delano St, Houston, TX
Precinct(s): Precinct 1
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Fiscal and Personnel Summary |
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Service Name |
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|
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FY 24 |
FY 25 |
Next 3 FYs |
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Incremental Expenditures (do NOT write values in thousands or millions) |
|
Labor Expenditures |
$ |
$ |
$ |
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Non-Labor Expenditures |
$ |
$ |
$ |
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Total Incremental Expenditures |
$ |
$ |
$ |
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Funding Sources (do NOT write values in thousands or millions) |
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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 Requested |
|
Choose an item. |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
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Total Additional Budget Requested |
$ |
$ |
$ |
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Total Funding Sources |
$ |
$ |
$ |
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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 Requested |
- |
- |
- |
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Total Personnel |
- |
- |
- |
Anticipated Court Date: 11/14/2023
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: William McGuinness, CIP Director, Office of Management and Budget
Attachments (if applicable): 3315 Delano St Land Reimbursement Resolution