Department: Toll Road Authority
Department Head/Elected Official: Roberto Trevi?o, P.E., Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Award
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 to execute a Stop Gap Agreement to include a Custodial Account Agreement with Zions Bancorporation, N.A. dba Amegy Bank to provide services for a custodial account for the Harris County Toll Road Authority for the period of September 19, 2024 - September 18, 2025.
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Background and Discussion:
On October 10, 2023 Commissioners Court approved the execution of an Implementation Service Agreement for HCTRA to deliver a tolling service agreement with Texas Department of Transportation under which custodial account services would be needed for HCTRA to administer and distribute payments from users of certain tolled projects.
After extensive coordination, the existing County bank provider has been determined to not be a viable option as the existing bank does not meet the requirements of and timeline for a custodial account service to be implemented and delivered for the tolling service agreement with Texas Department of Transportation. In March 2024 Commissioner Court approved a new bank for the County. However, implementing the interface between HCTRA back-office system and a new bank is complex and requires extensive testing prior to implementation, the new bank for the County is not a viable option at this time. HCTRA, County Attorney's Office, the Purchasing Department and Office of Management & Budget have coordinated to determine best path forward to meet the timeline for implementation of the Tolling Services Agreement with TxDOT.
As a previous banki...
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