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File #: 21-6333    Version: 1 Name:
Type: Bonds Status: Passed
File created: 11/15/2021 In control: Commissioners Court
On agenda: 11/30/2021 Final action: 11/30/2021
Title: Request for approval to pay sinking fund deposit for the February 2022 Hotel Occupancy Tax debt service and to wire the payment to the paying agent on the funding date of December 15, 2021.

Department: Management and Budget

Department Head/Elected Official: David Berry, County Administrator

 

Regular or Supplemental RCA: Regular RCA

Type of Request: Bonds

 

Project ID (if applicable): N/A

Vendor/Entity Legal Name (if applicable): N/A

MWDBE Participation (if applicable): N/A

 

Request Summary (Agenda Caption):

title

Request for approval to pay sinking fund deposit for the February 2022 Hotel Occupancy Tax debt service and to wire the payment to the paying agent on the funding date of December 15, 2021.

end

 

Background and Discussion:

Sinking fund deposit payment for the Harris County, Texas Tax and Subordinate Lien Revenue Refunding Bonds, Series 2012A in the amount of $1,621,875 due December 15, 2021.

 

Expected Impact:

Reduction of debt.

 

Alternative Options:

 

 

 

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

 

 

 

 

 

Location:

Address (if applicable):

Precinct(s): Choose an item.

 

 

Fiscal and Personnel Summary

Service Name

HOT Debt Service

FY 21-22

Estimates

 

 

 

FY 22

Next 3 FYs

Incremental Expenditures

Labor Expenditures

-

-

-

Non-Labor Expenditures

1,621,875

-

-

Total Incremental Expenditures

1,621,875

-

-

Funding Sources (General Fund, PIC Fund, Debt or CP, Grants, or Other - Please Specify)

Existing Budget

Debt

1,621,875

-

-

 

-

-

-

-

 

-

-

-

-

Total Current Budget

1,621,875

-

-

Additional Budget Requested

-

-

-

-

 

-

-

-

-

 

-

-

-

-

Total Additional Budget Requested

-

-

-

Total Funding Sources

-

-

-

Personnel (Fill out section only if requesting new PCNs)

Current Position Count for Service

-

-

-

Additional Positions Requested

-

-

-

Total Personnel

-

-

-

 

 

Anticipated Implementation Date:

Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item

Contact(s) name, title, department: Amy Perez, Director, Financial Management, Office of Management and Budget

Attachments (if applicable): N/A