Harris County Logo
Share to Facebook Share to Twitter Bookmark and Share
File #: 21-4644    Version: 1 Name:
Type: Commercial Paper Status: Agenda Ready
File created: 9/3/2021 In control: Commissioners Court
On agenda: 9/14/2021 Final action:
Title: Request for approval of commercial paper funding for the Office of the County Engineer for the Building Consolidation project in the additional amount of $11,510,000 for a total CP funding of $41,410,000.
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.
Department: Management and Budget

Department Head/Elected Official: David Berry, County Administrator


Regular or Supplemental RCA:

? Regular RCA
? Supplemental RCA


Type of Request: Commercial Paper

Project ID (if applicable): DOWNTOWN_BLDG
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Participation (if applicable): N/A

Request Summary (Agenda Caption):
title
Request for approval of commercial paper funding for the Office of the County Engineer for the Building Consolidation project in the additional amount of $11,510,000 for a total CP funding of $41,410,000.
end

Background and Discussion:
Commercial Paper Series D 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 Building Consolidation project and is expected to be repaid within the next three fiscal years either through bonds, budgetary means or pay-as-you-go sources.

HB 1869 compliance. Confirmed by: Michael James, Assistant County Attorney, September 1, 2021.

Expected Impact:
This CP funding will allow for network and security renovations as well as the design for the building renovations.

Alternative Options:
No alternatives have been identified to providing CP funding for this project.





Alignment with Goal(s):
? Justice and Safety
? Economic Opportunity
? Housing
? Public Health


? Transportation
? Flooding
? Environment
? Governance and Customer Service
Prior Court Action (if any):


Date Approved

Agenda Item

Purpose


Project Amount

CP
Amount
01/05/2021
IV 1(b)
Authorized Project
$300,000

01/29/2021
4i(1)
Allocated CP Funding

$300,000
05/25/2021
21-...

Click here for full text