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: Commercial Paper
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 an order appointing dealers for the Harris County, Texas, Toll Road First Lien Revenue Commercial Paper Notes, Series K; authorizing the execution of documents and instruments necessary for the appointment of the dealer including the commercial paper Dealer Agreements; approving commercial paper Offering Memorandum; authorizing and ratifying other actions; making certain findings with respect thereto; and containing other provisions relating to the subject.
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Background and Discussion:
Citi Group is the current dealer for CP Notes, Series K, however, Citi has provided notice to the County that it will no longer serve as dealer for the Notes. The County has appointed JP Morgan and Loop Capital Markets LLC as dealers for the Notes.
Expected Impact:
New dealers for CP, Series K.
Alternative Options: N/A
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
X Transportation
_ Flooding
_ Environment
_ 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
Total
Recurring Expenses
Funding Sources
Existing Budget
Bonds
$
$
$
$
Choose an item.
$
$
$
$
Choose an item.
$
$
$
$
Total Current Budget
$
$
$
$
Additional Budget Request (Requires Fiscal Review Request For...
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