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File #: 24-0816    Version: 1 Name:
Type: Contract - Award Status: Passed
File created: 2/7/2024 In control: Commissioners Court
On agenda: 2/27/2024 Final action: 2/27/2024
Title: Request for approval of an escrow agreement with Cadence Bank for the Texas Water Development Board grant for the Poor Farm Ditch Channel Conveyance Improvements Project on HCFCD Unit No. D111-00-00 for the deposit of funds for the payment of sums due by the Flood Control District. (Brays Bayou Watershed, Bond ID C-12, Project ID D111-00-00-C002, Agreement No. 2024-12, Precinct 1).
Department: Flood Control District
Department Head/Elected Official: Tina Petersen, Ph.D., P.E., Executive Director

Regular or Supplemental RCA: Regular RCA

Type of Request: Contract - Award

Project ID (if applicable): D111-00-00-C002
Vendor/Entity Legal Name (if applicable): Cadence Bank

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 an escrow agreement with Cadence Bank for the Texas Water Development Board grant for the Poor Farm Ditch Channel Conveyance Improvements Project on HCFCD Unit No. D111-00-00 for the deposit of funds for the payment of sums due by the Flood Control District. (Brays Bayou Watershed, Bond ID C-12, Project ID D111-00-00-C002, Agreement No. 2024-12, Precinct 1).
end

Background and Discussion:
It is recommended that the Escrow Agreement be approved to allow the Flood Control District to accept funds from House Bill 1 to the Flood Control District to provide funding for construction of the Poor Farm Ditch Conveyance Improvements (D111-00-00-C002).

Expected Impact:
Establishing this escrow account will allow the Flood Control District access to TWDB awarded grant funds.

Alternative Options:
There are no other options in order to secure these TWDB grant funds. Not approving would prohibit our ability to utilize these grant funds.

Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
X Flooding
_ Environment
_ Governance and Customer Service

Prior Court Action (if any):
Date
Agenda Item #
Action Taken
09/19/2023
246.
Grant Application

Location: Poor Farm Ditch is a tributary to Brays Bayou (D100-00-00) with a project reach of approximately 3,100 linear feet and is situated between the cities of West University Place on the east side of the channel and Southside Place on the we...

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