Department: Purchasing
Department Head/Elected Official: DeWight Dopslauf
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Renewal
Project ID (if applicable): 210043
Vendor/Entity Legal Name (if applicable): Masterson Advisors, LLC
MWDBE Contracted Goal (if applicable):13%
MWDBE Current Participation (if applicable):100%
Justification for 0% MWDBE Participation Goal: N/A - Goal is not 0% and is listed above
Request Summary (Agenda Caption):
title
Request for approval of a renewal option with Masterson Advisors, LLC for financial advisory services for Harris County and the Flood Control District through August 23, 2025 at a cost of $300,000 (210043), MWDBE Contracted Goal: 13%, MWDBE Current Participation: 100%.
end
Background and Discussion:
This is the third renewal of the existing agreement with Masterson Advisors. As our financial advisors, Masterson, provides advice regarding debt issuances, financial planning, financing alternatives, and other general financial advice.
Expected Impact:
N/A
Alternative Options:
If not renewed, we would need to go through an RFP process to select a financial advisor.
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
X Governance and Customer Service
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
8/24/21 |
330 |
Approved |
|
8/02/22 |
189 |
Approved |
|
8/08/23 |
242 |
Approved |
Location: N/A
Address (if applicable): N/A
Precinct(s): Choose an item.
|
Fiscal and Personnel Summary |
|
Service Name |
Financial/Municipal Advisory Services |
|
|
|
Current Fiscal Year Cost |
Annual Fiscal Cost |
|
|
Labor |
Non-Labor |
Total |
Recurring Expenses |
|
Funding Sources |
|
|
Existing Budget |
|
|
|
|
|
1000 - General Fund |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Current Budget |
$ |
$ |
$ |
$ |
|
Additional Budget Request (Requires Fiscal Review Request Form) |
|
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Additional Budget Request |
$ |
$ |
$ |
$ |
|
Total Funding Request |
$ |
$ |
$ |
$ |
|
Personnel (Fill out section only if requesting new PCNs) |
|
|
Current Position Count for Service |
- |
- |
- |
- |
|
Additional Positions Request |
- |
- |
- |
- |
|
Total Personnel |
- |
- |
- |
- |
Anticipated Court Date: August 27, 2024
Anticipated Implementation Date (if different from Court date): August 24, 2024
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 & Budget
Attachments (if applicable): Letter