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File #: 21-4647    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 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.
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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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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