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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