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): CE_OUTFALLS
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 Office of the County Engineer for the Outfall Repair and Replacement project in the amount of $2,385,000 for a total CP funding of $7,635,000.
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 Outfall Repair and Replacement 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: Michael James, Special Assistant County Attorney, September 23, 2022.
Expected Impact:
The program is scoped to maintain the level of responsiveness and service that the residents of Harris County and Precinct staff are accustomed to while increasing resources to meet the needs of the growing infrastructure failures. The program will also assess higher risk areas with aging or flooded infrastructure and homes; then recommend repairs for review and potential action within the program.
The success of the Program can be measured through the following performance metrics: - Construction of approximately 80 projects per year (20 in each Precinct), or equivalent level of effort and cost as approved by the Precinct (e.g., a major emergency repair may take funding priority over multiple standard repairs). - Mitigation and reduction of flooding within the repaired areas during future events. - Highest risk outfalls and drainage infrastructure mapped and assessed; Inspection and reinspection plan with criteria established by the end of the first year.
Alternative Options:
No alternatives have been identified for this project.
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
x Transportation
x Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
9/27/2022 |
22-5756 |
Request for approval of CP funding for $4,250,000. |
|
6/27/2023 |
23-3568 |
Request for approval of CP funding for $1,000,000. |
|
9/19/2023 |
23-5284 |
Request for approval of FIM for $6,663,000. |
Location:
Address (if applicable): Countywide
Precinct(s): Countywide
|
Fiscal and Personnel Summary |
|
Service Name |
Outfall Repair and Replacement |
|
|
|
Current Fiscal Year Cost |
Annual Fiscal Cost |
|
|
Labor |
Non-Labor |
Total |
Recurring Expenses |
|
Funding Sources |
|
|
Existing Budget |
|
|
|
|
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Current Budget |
$ |
$ |
$ |
$ |
|
Additional Budget Request (Requires Fiscal Review Request Form) |
|
|
Commercial Paper |
$ |
$2,385,000 |
$2,385,000 |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Additional Budget Request |
$ |
$2,385,000 |
$2,385,000 |
$ |
|
Total Funding Request |
$ |
$2,385,000 |
$2,385,000 |
$ |
|
Personnel (Fill out section only if requesting new PCNs) |
|
|
Current Position Count for Service |
- |
- |
- |
- |
|
Additional Positions Request |
- |
- |
- |
- |
|
Total Personnel |
- |
- |
- |
- |
Note: Commercial Paper is issued in increments of $5,000 and the excess is not available to be spent by the department.
Anticipated Court Date: April 23, 2024
Anticipated Implementation Date (if different from Court date):
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Amy Perez, Deputy Executive Director, Office of Management and Budget
Attachments (if applicable): N/A