Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director
Managing Department: County Engineer
Managing Department Head/Elected Official: Milton Rahman, PhD, P.E., PMP, CFM, ENV SP, County Engineer
Regular or Supplemental RCA: Regular RCA
Type of Request: Investment Memo
Investment Memo Type: Final Investment Memo
Project Name: 100 Pasadena Blvd - Pasadena Town Square Mall Renovation
Project ID (if applicable): TBD
Vendor Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Achievement (if applicable): N/A
Justification for 0% MWDBE Participation Goal: Exempt - Real Estate Purchases
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Incremental Authorization Requested: $16,000,000
Total Estimated Project Cost: $16,000,000
Request Summary:
title
Request for approval of a Final Investment Memo for the 100 Pasadena Blvd - Pasadena Town Square Mall Renovation project, for an amount of $16,000,000 and commercial paper funding in the amount of $16,000,000.
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Project Description:
Harris County will enter into an agreement to purchase a two-story building and parking spaces to permanently consolidate 3 Harris Health facilities into one large medical clinic on the first floor and provide a second-floor unit for another Harris County agency.
Anticipated Project Expenditures and Timeline:
Project Scope Breakdown
Estimated Cost
Estimated Completion
Purchase Price
$13,620,000
-
Closing Costs
$70,000
-
Contingency
$2,310,000
-
Total
$16,000,000
-
Justification & Alternatives:
The purchase of this facility will eliminate a current lease agreement and permanently consolidate 3 Harris Health facilities into one large medical clinic on the first floor. It will provide a second-floor unit for another Harris County agency or multiple agencies.
Harris County will own the property and will no ...
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