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): P118-00-00-E009
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 Hahl North Stormwater Detention Basin and Conveyance Improvements Project on HCFCD Unit No. P118-00-00 for the deposit of funds for the payment of sums due by the Flood Control District. (Halls Bayou Watershed, Bond ID C-41, Project ID P118-00-00-E009, Agreement No. 2024-14, Precinct 2).
end
Background and Discussion:
It is recommended that the Escrow Agreement be approved to allow the Flood Control District to accept $18,000,000 in funds from House Bill 1 to the Flood Control District to provide funding for construction of the Hahl North Stormwater Detention Basin and Conveyance Improvements. This project has also received Community Development Block Grant (CDBG) funding assistance program providing up to $10,428,000 construction of the 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): N/A
Date
Agenda Item #
Action Taken
09/19/2023
248.
Grant Application
Location: Hahl North is a proposed stormwater de...
Click here for full text