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 Commissioner of Precinct 2 for the Updating Aging Transportation Fleet and Equipment project in the amount of $1,250,000.
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 the Updating Aging Transportation Fleet and Equipment
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, January 4, 2024.
Expected Impact:
The proposed fleet update is essential in fulfilling our mission to promote social and physical activity among senior citizens, enabling them to remain active and valuable contributors to their communities. By facilitating regular engagement, we strive to combat isolation within the elder population and reduce the prevalence of loneliness and depression.
Alternative Options:
Alternatives to consider include outsourcing these services to a third-party vendor or opting for a bus leasing
arrangement. However, we firmly believe that acquiring new buses is the optimal choice. Outsourcing or leasing may incur higher costs and operational expenses for our transportation department. Additionally, not procuring these new buses and service vehicles could jeopardize our ability to offer dependable and safe transportation for constituents during field trips and events, hindering their participation in these activities.
Alignment with Goal(s):
X Justice and Safety
_ Economic Opportunity
_ Housing
X Public Health
X Transportation
_ Flooding
_ Environment
X Governance and Customer Service
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
01/04/2024 |
24-0305 |
Approval of the FIM for $1,250,000 |
Location:
Address (if applicable): 8103 Wade Rd, Baytown, TX 77521
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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|
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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 |
$ |
$1,250,000 |
$1,250,000 |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
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Total Additional Budget Request |
$ |
$1,250,000 |
$1,250,000 |
$ |
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Total Funding Request |
$ |
$1,250,000 |
$1,250,000 |
$ |
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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 Request |
- |
- |
- |
- |
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Total Personnel |
- |
- |
- |
- |
Anticipated Court Date: February 27, 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