Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Regular or Supplemental RCA: Regular RCA
Type of Request: Resolution
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 of a resolution relating to the intention of Harris County, Texas to issue tax-exempt obligations to finance, and to reimburse itself for the prior lawful expenditure of funds relating to, certain capital purposes from the proceeds of such tax-exempt obligations to be issued by Harris County, Texas, all for authorized purposes, relating to the County's Commercial Paper program; authorizing other matters incident and related thereto.
end
Background and Discussion:
The County intents to reimburse itself for capital costs paid within the last 60 days and that will be paid subsequent to the date for the purchase of voting equipment and machinery, including computers, materials, and supplies for the operations of the County Clerk's Office and other authorized needs and purposes of the County in an amount not to exceed $35 million.
Expected Impact:
The reimbursement resolution will permit the County to use debt to reimburse up to $35 million in capital expenditures for voting equipment and machinery.
Alternative Options:
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
X 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
Commercial Paper
Current Fiscal Year Cost
Annual Fiscal Cost
Labor
Non-Labor
Tota...
Click here for full text