Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Regular or Supplemental RCA: Regular RCA
Type of Request: Bonds
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 to pay the September 2024 debt payments for the Harris County Road, Permanent Improvement and Flood Control Bonds and to wire payments to the paying agent on the maturity date of September 15, 2024.
end
Background and Discussion:
Debt service payments due September 15, 2024:
|
$ 8,065,625.00 |
Flood Improvement Refunding Bonds, Series 2023A |
|
2,978,375.00 |
Permanent Improvement Refunding Bonds, Series 2023A |
|
2,180,381.25 |
Road Refunding Bonds, Series 2023A |
|
$13,224,381.25 |
|
In year 2022, the fiscal year was changed from February 28/29 to September 30. All bonds issued after September 2022 are payable on March 15th and September 15th of each year. Debt payment for bonds issued prior to September 2022 remains payable on April 1st and October 1st of each year.
Expected Impact:
Reduce debt.
Alternative Options: N/A
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 |
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|
|
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Location:
Address (if applicable): N/A
Precinct(s): Choose an item.
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Fiscal and Personnel Summary |
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Service Name |
Bonds |
|
|
|
Current Fiscal Year Cost |
Annual Fiscal Cost |
|
|
Labor |
Non-Labor |
Total |
Recurring Expenses |
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Funding Sources |
|
|
Existing Budget |
|
|
|
|
|
Bonds |
$ |
$13,224,381 |
$13,224,381 |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Current Budget |
$ |
$13,224,381 |
$13,224,381 |
$ |
|
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 6, 2024
Anticipated Implementation Date (if different from Court date): September 15, 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 and Budget
Attachments (if applicable): N/A