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): MF083
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Participation (if applicable): N/A
Request Summary (Agenda Caption):
title
Request for approval to decrease the Office of the County Engineer commercial paper funding for the close out of the 5749 South Loop - HCSO Interior Buildout project in the amount of $520,000 for a net CP funding of $5,980,000.
end
Background and Discussion:
Commercial Paper Series D and D-2 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).
Engineering requests to close out 5749 South Loop - HCSO Interior Buildout project.
Commercial Paper is expected to be repaid within the next three fiscal years either through bonds, budgetary means or pay-as-you-go sources.
Expected Impact:
CP funding reduction increases CP capacity.
Alternative Options:
N/A
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
06/27/2017
CIP4f
Authorized Project
$3,000,000
08/01/2017
4d(2)
Allocated CP Funding, Series D
$3,000,000
12/18/2018
1s(6)
Authorized Project
$5,000,000
01/29/2019
4g(3)
Allocated CP Funding, Series D-2
$1,500,000
03/26/2019
4d
Allocated CP Funding, Series D-2
$2,000,000
Total Authorized Amounts
$8,0...
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