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File #: 21-5455    Version: 1 Name:
Type: Commercial Paper Status: Agenda Ready
File created: 10/5/2021 In control: Commissioners Court
On agenda: 10/12/2021 Final action:
Title: Request for approval to decrease the Office of the County Engineer commercial paper funding for the close out of Property Acquisition project in the amount of $52,000 for a net CP funding of $1,818,000.
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

Type of Request: Commercial Paper

Project ID (if applicable): PROPERTY_ACQ
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 Property Acquisition project in the amount of $52,000 for a net CP funding of $1,818,000.
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).

Engineering requests to close out Property Acquisition 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
Agenda Item #
Action Taken
12/01/2020
1o
Project authorization
12/01/2020
4g
CP funding allocated
02/09/2021
21-064
Additional project authorization
02/09/2021
21-176
Additional CP funding allocated

Location:
Address (if applicable): N/A
Precinct(s): Countywide


Fiscal and Personnel Summary
Service Name
-
FY 21-22
Estimates



FY 22
Next 3 FYs
Incremental Expenditures
Labor Expenditures
-
-
-
Non-Labor Expenditures
-
-
-
Total Incremental Expen...

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