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): TBD
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 Grayson Community Center project in the initial amount of $1,655,000.
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 Grayson Community Center 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, September 26, 2024.
Expected Impact:
The Grayson Community Center project will include the rehabilitation of the existing facilities and an addition of 750- square foot metal building, an extension to the existing building, to be used exclusively for sheriff occupation. The project will include design of the facilities including technology upgrades, solar technology for electrical energy, demolition, parking lot construction, civil site work, building construction, landscaping, and fencing.
Alternative Options:
The alternative to renovating the whole facility is to upgrade the existing facilities in stages; however, the projected benefits will not be fully realized. The North Channel area is socio-economically disadvantaged, and the renovation of the new facility will help the community thrive. This aligns with Commissioner Garcia’s Revive2Thrive initiative. Revive2Thrive focuses on revitalization rather than gentrification by empowering communities and creating opportunities for our existing neighborhoods to be more resilient, inclusive, and thriving.
Alignment with Goal(s):
X Justice and Safety
X Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
10/31/2023 |
23-6481 |
Request for approval of the PIM for the Leon Z. Grayson/Baldree Community Center Renovation project for an initial amount of $1,655,000. |
Location:
Address (if applicable): 13828 Corpus Christi St., Houston, TX 77015
Precinct(s): Precinct 2
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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. |
$ |
$ |
$ |
$ |
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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 |
$ |
$1,655,000 |
$1,655,000 |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
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Total Additional Budget Request |
$ |
$1,655,000 |
$1,655,000 |
$ |
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Total Funding Request |
$ |
$1,655,000 |
$1,655,000 |
$ |
|
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