Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Secondary Department: Harris Health System
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Bonds
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal is not 0% and is listed above
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
title
Request for approval of an order authorizing the issuance, sale and delivery of Harris County Hospital District, Limited Tax Bonds, Series 2025; levying a continuing direct annual ad valorem tax for the payment of principal and interest; authorizing the authorized representative to approve the amounts, interest rates, prices, terms and redemption provisions thereof; approving the preparation of financing documents and prescribing the terms and form thereof; authorizing the preparation and distribution of an Official Statement in connection with the sale of the bonds; making other provisions and other activities supporting the issuance and administration of such bonds.
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Background and Discussion:
On November 7, 2023, the voters approved a $2.5 billion bonds for Harris Health facilities. The Harris Health Board approved a go forward order to issue the Harris County Hospital District, Limited Tax Bonds, Series 2025 and adopted a reimbursement resolution on the February 27, 2025 board meeting.
The Hospital District intends to issue new money bonds not to exceed $850 million to finance the acquisition, construction, equipment, and/or enlargement of the District facilities from the 2023 Election voted authority.
Alternative Opti...
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