Department: Management and Budget
Department Head/Elected Official: Daniel Ramos, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Commercial Paper
Project ID (if applicable): N2001
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 commercial paper funding for the Institute of Forensic Sciences for the IFS Equipment Replacement (continuous) project in the additional amount of $525,000 for a total CP funding of $5,750,000.
end
Background and Discussion:
Commercial Paper Series D can be used for (1) construction of public works, (2) the purchase of automobiles, equipment and machinery, including computers, materials and supplies for the operation of the County's precincts and departments (3) Professional services, including services provided by engineers, architects, attorneys, auditors, financial advisors, and fiscal agents, in connection with the contractual obligations described in (1) and (2).
Commercial Paper is being requested for the IFS Equipment Replacement (continuous) project and is expected to be repaid within the next three fiscal years either through bonds, budgetary means or pay-as-you-go sources. This is for approval for allocation of commercial paper for a previously approved project within the previously authorized amount.
HB 1869 compliance confirmed by: Scott Lemond, Special Assistant County Attorney, February 28, 2022.
Expected Impact:
This project will benefit HCIFS by ensuring data is collected efficiently and completely and easily shared across Department Divisions as needed for evidence processing and reporting, maintaining a secure and continuous chain of custody for physical evidence moving through the department for testing, and reducing the time required to comp...
Click here for full text