Department: Flood Control District
Department Head/Elected Official: Tina Petersen, Ph.D., P.E., Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Award
Project ID (if applicable): A500-10-00-E001
Vendor/Entity Legal Name (if applicable): Cadence Bank
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 of an escrow agreement with Cadence Bank for the Texas Water Development Board grant for the Whitcomb Terracing and Detention Projects on HCFCD Unit No. A500-10-00 for the deposit of funds for the payment of sums due by the Flood Control District. (Clear Creek Watershed, Bond ID CI-62, Project ID A500-10-00-E001, Agreement No. 2024-11, Precinct 2).
end
Background and Discussion:
It is recommended that the Escrow Agreement be approved to allow the Flood Control District to accept $10,000,000 in funds from House Bill 1 to the Flood Control District to provide funding for construction of the Lower Clear Creek Watershed: Whitcomb Terracing and Detention Projects.
Expected Impact:
Establishing this escrow account will allow the Flood Control District access to TWDB awarded grant funds.
Alternative Options:
There are no other options in order to secure these TWDB grant funds. Not approving would prohibit our ability to utilize these grant funds.
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
X Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any): N/A
Date
Agenda Item #
Action Taken
09/19/2023
247.
Grant Application
Location: Lower Clear Creek watershed near the intersection of FM 528 and West Bay Area Boulevard
Address (if applicable):
Precinct(s): Precinct 2
Fiscal and Personnel Summary
Service Name
N/A
Current Fiscal Year Cost
Annual...
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