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File #: 22-5252    Version: 1 Name:
Type: Bonds Status: Passed
File created: 8/24/2022 In control: Commissioners Court
On agenda: 9/13/2022 Final action: 9/13/2022
Title: Request for approval to pay the October 2022 debt payments for the Harris County Road, PIB, Flood Contract Tax and Flood Control Bonds and to wire payments to the paying agents.

Department: Management and Budget

Department Head/Elected Official: Daniel Ramos, Executive Director of Office Management and Budget

 

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 Contracted Goal (if applicable): N/A

MWDBE Current Participation (if applicable): N/A

Justification for 0% MWDBE Participation Goal:  N/A - Goal not applicable to request

 

Request Summary (Agenda Caption):

title

Request for approval to pay the October 2022 debt payments for the Harris County Road, PIB, Flood Contract Tax and Flood Control Bonds and to wire payments to the paying agents.

end

 

Background and Discussion:

Financial Management section of the Office of Management and Budget requests approval to pay the October 1, 2022 debt service payments for the following bonds:

 

                     $      905,000.00                     Harris County Flood Control Imp Refunding Series 2014

                           1,055,025.00                     Harris County Flood Control Imp Refunding Series 2015A

                         11,041,325.00                     Harris County Flood Control Imp Refunding Series 2020A

                           9,596,325.00                     Harris County Flood Control Imp Refunding Series 2021A

                           1,455,625.00                     Harris County Flood Control Contract Tax Ref Series 2014A                                          

                      356,019.63                     Harris County Flood Control Contract Tax Ref Series 2014B

                              701,075.00                     Harris County Flood Control Contract Tax Ref Series 2015B

                           3,837,400.00                     Harris County Flood Control Contract Tax Ref Series 2017A

                         32,186,375.00                      Harris County Flood Control Contract Tax Ref Series 2019A

                           1,681,000.00                     Harris County Permanent Improvement Refunding Series 2012A

                           6,120,011.61                     Harris County Permanent Improvement Refunding Series 2012B

                         17,452,893.75                     Harris County Permanent Improvement & Ref Series 2015A

                           2,572,500.00                     Harris County Permanent Improvement Refunding Series 2015B

                         14,575,725.00                     Harris County Permanent Improvement Refunding Series 2017A

                              195,250.00                     Harris County Permanent Improvement Refunding Series 2019A

                         18,954,350.00                     Harris County Permanent Improvement Refunding Series 2020A

                           1,443,818.75                     Harris County Permanent Improvement Refunding Series 2021

                           2,098,225.00                     Harris County Permanent Improvement Refunding Series 2021A

                           12,018,125.00                     Harris County Road Refunding Series 2012A

                            8,918,700.00                     Harris County Road Refunding Series 2012B

                           3,363,750.00                     Harris County Road Refunding Series 2014A

                           5,027,250.00                     Harris County Road Refunding Series 2015A

                           5,588,225.00                     Harris County Road Refunding Series 2017A

                         12,954,750.00                     Harris County Road Refunding Series 2019A

                               4,589,860.00                     Harris County Road Refunding Series 2021

                     $178,688,603.74

 

Expected Impact:

Debt reduction.

 

Alternative Options: N/A

 

 

Alignment with Goal(s): N/A

_ 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: N/A

Address (if applicable):

Precinct(s): Choose an item.

 

Fiscal and Personnel Summary

Service Name

Debt Service

 

SFY 22

FY 23

Next 3 FYs

Incremental Expenditures (do NOT write values in thousands or millions)

Labor Expenditures

$178,688,604

$

$

Non-Labor Expenditures

$

$

$

Total Incremental Expenditures

$

$

$

Funding Sources (do NOT write values in thousands or millions)

Existing Budget

Bonds

$178,688,604

$

$

Choose an item.

$

$

$

Choose an item.

$

$

$

Total Current Budget

$178,688,604

$

$

Additional Budget Requested

Choose an item.

$

$

$

Choose an item.

$

$

$

Choose an item.

$

$

$

Total Additional Budget Requested

$

$

$

Total Funding Sources

$178,688,604

$

$

Personnel (Fill out section only if requesting new PCNs)

Current Position Count for Service

-

-

-

Additional Positions Requested

-

-

-

Total Personnel

-

-

-

 

Anticipated Court Date: September 13, 2022

Anticipated Implementation Date (if different from Court date): September 30, 2022

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

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

Attachments (if applicable):  N/A