Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Award
Project ID (if applicable):
Vendor/Entity Legal Name (if applicable):
MWBE Contracted Goal (if applicable):
MWBE Current Participation (if applicable):
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable):
Justification for 0% Grant Indirect Costs Rate (if applicable): Choose an item.
Request Summary (Agenda Caption):
title
Request that the County Judge execute seven escrow agreements for Texas Water Development Board (TWDB) and two for United States Army Corps of Engineers (USACE) with JP Morgan Chase for grants that the Flood Control District receives.
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Background and Discussion:
The Flood Control District is required to have escrow agreements for certain grant funds it receives from TWDB and USACE. As part of our transition to JP Morgan Chase for depository services these agreements must be executed with JP Morgan.
Expected Impact:
Funds will be transferred from Cadence Bank to JP Morgan bank into the new escrow accounts.
Alternative Options:
N/A
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1): N/A
Infrastructure Initiative (Goal 2): N/A
Economy Initiative (Goal 3): N/A
Health Initiative (Goal 4): N/A
Climate/Resilience Initiative (Goal 5): N/A
Housing Initiative (Goal 6): N/A
Additional notes related to the Strategic Plan:
Prior Court Action (if any):
Date
Agenda Item #
Action Taken
3/26/2024
671
passed
Location:
Address (if applicable):
Precinct(s): Choose an item.
Fiscal and Personnel Summary
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Current Fiscal Year Cost
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