Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director, Office of Management and Budget
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Commercial Paper
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 not applicable to request
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 a Tenth Amended Order amending Eighth Amended and Restated Order authorizing the issuance of Harris County, Texas, General Obligation Commercial Paper Notes, Series D, Series D-2 and Series D-3 in an aggregate principal amount not to exceed $700,000,000 for the purpose of providing money for certain authorized purposes; approving and authorizing certain authorized officers and employees to act on behalf of the County in selling and delivery of such notes, within the limitations and procedures specified herein; making certain covenants and agreements in connection therewith; resolving other matters incident and related to the issuance, sale, delivery and security of the notes, including the approval of Offering Memoranda and ratifying and confirming the terms and provisions of the credit agreement, the issuing and paying agent agreement and commercial paper dealer agreement.
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Background and Discussion:
JP Morgan is the current facility provider for Commercial Paper, Series D and its agreement will expire on August 19, 2025. It has determined that is in in the best interest of the County to renew the credit agreement for a 3-year term with 27 bps facility fees.
Expected Impact:
Under the renewal agreement, facility...
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