Department: Housing and Community Development
Department Head/Elected Official: Thao Costis, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Award
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request for approval to increase the due diligence and eligible pre-development costs without increasing the maximum amount of the previous conditional award of up to $7,300,000 of the American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds to purchase the land and assign the current purchase contract to Harris County for the Yellow Cab Project for the Harris County Housing Finance Corporation, and approval for Harris County to directly purchase the land rather than through the assignment of the Purchase Agreement from the Houston Land Bank (HLB). The maximum purchase price has been reduced to $4,763,500 with an increase in the ARPA State and Local Fiscal Recovery Funds for due diligence and eligible predevelopment costs for the Yellow Cab Project from $1,490,000 to $2,536,500, which will not increase the previous conditional award of up to $7,300,000.
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Background and Discussion:
On August 29, 2023, Commissioners Court approved for Housing and Community Development to negotiate the purchase of land for the Yellow Cab Project for a maximum price of $4,760,000 and $2,540,000 for eligible pre-development costs. Focus Area Team and Steering Committee approved a total allocation for this project of $7,300,000.
On March 26, 2024, Commissioners Court approved for Housing and Community Development a conditional award of up to $7,300,000 of the American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds to purchase the land an assign the current purchase contract...
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