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: 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 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 an order authorizing the execution and delivery of a Tenth Amended and Restated Flood Control Projects Contract with the Harris County Flood Control District.
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Background and Discussion:
Harris County contract with the Flood Control District to carry out the County's flood control plans and programs and to pledge ad valorem taxes to the payment of a contract. In connection with the approval of the Tenth Amended and Restated Contract, the District intends to issue Flood Contract Tax Refunding Bonds, Series 2025A in an amount not to exceed $65M to defease certain outstanding bonds for savings. The District will pledge its right to receive payments from the County under the Tenth Amended and Restated Contract as security for the payment of Flood Contract Tax Refunding Bonds, Series 2025A.
Expected Impact:
Debt service savings.
Alternative Options: N/A
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
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