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): 30%
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 order amending the previous authorization approving various actions to issue and sell Harris County, Texas Hotel Occupancy Tax Revenue Bonds, Series 2024.
end
Background and Discussion:
New money bonds not to exceed $35 million will be issued to finance the roof replacement and sound system of the NRG Park Campus Facility. The go forward order approved on the July 15th court is being amended to include the engagement of co-disclosure counsel and the underwriting syndicate for the transaction.
Expected Impact:
It will Increase HOT 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
07/15/24
32
Approval of a go forward order to issue Hotel Occupancy Tax Revenue Bonds, Series 2024.
Location:
Address (if applicable): N/A
Precinct(s): Choose an item.
Fiscal and Personnel Summary
Service Name
Bonds
Current Fiscal Year Cost
Annual Fiscal Cost
Labor
Non-Labor
Total
Recurring Expenses
Funding Sources
Existing Budget
Choose an item.
$
$
$
$
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 (Fi...
Click here for full text