Department: Management and Budget
Department Head/Elected Official: Dave Berry, County Administrator
Regular or Supplemental RCA:
? Regular RCA
? Supplemental RCA
Type of Request: Bonds
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Participation (if applicable): N/A
Request Summary (Agenda Caption):
title
Request for approval of an order ratifying and confirming the terms and provisions relating to the Harris County, Texas Permanent Improvement Refunding Bonds, Series 2021, established by pricing certificate relating thereto; approving such Officer's Pricing Certificate; and containing other matters relating thereto.
end
Background and Discussion:
On August 19, 2021, the County issued PIB Refunding Bonds, Series 2021 to refund $3,740,000 PIB Bonds Series 2011A; refund $10 million CP Notes, Series A-1; and refund $20 million CP Notes, Series D-2.
Expected Impact:
The refunding of Series 2011A bonds generated a NPV debt savings of $783,542.16 while the refunding of Series A-1 and Series D-2 notes restore CP borrowing capacity to provide interim financing of CIP projects.
Alternative Options:
No alternative options have been identified for ratifying order.
Alignment with Goal(s):
? Justice and Safety
? Economic Opportunity
? Housing
? Public Health
? Transportation
? Flooding
? Environment
? Governance and Customer Service
Prior Court Action (if any):
05/11/21 Agenda Item# 270, Go Forward Order to issue and sell bonds
05/25/21 Agenda Item# 91, Order amending the Go Forward Order to include underwriters
06/08/21 Agenda Item# 120, Order authorizing issuance and sale of bonds
Location: N/A
Address (if applicable list below):
? Countywide
? Precinct 1
? Precinct 2
? Precinct 3
? Precinct 4
Fiscal and Personnel Summary
Service Name
Debt Service
FY 21-22
Estimates
FY 22
Next 3 FYs
Incremental Expenditures
Labor Expenditures
-
-
-
Non-Labor Expenditures
-
-
-
Total Incremental Expenditures
-
...
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