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): K500-23-00-E002
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 TC Jester Stormwater Detention Basin Project on HCFCD Unit No. K500-23-00 for the deposit of funds for the payment of sums due by the Flood Control District. (Cypress Creek Watershed, Project ID K500-23-00-E002, Agreement No. 2024-13, Precinct 3).
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Background and Discussion:
It is recommended that the Escrow Agreement be approved to allow the Flood Control District to accept $12,000,000 i in funds from House Bill 1 to the Flood Control District to provide funding for construction of the TC Jester Stormwater Detention Basin Project.
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):
Date
Agenda Item #
Action Taken
09/19/2023
250.
Grant Application
Location: The project is in the northern portion of Harris County within the Cypress Creek Watershed. The project area is approximately 118 acres and located southeast of the intersection of T.C. Jester Boulevard and Cypresswood Drive along Cypress Creek.
Address (...
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