AI- 47806
Budget and Management 23.E.
CC - REGULAR
- Meeting Date:
- 12/16/2014
- Submitted By:
- Sergio Cruz, BUDGET & MANAGEMENT
- Department:
- BUDGET & MANAGEMENT
Information
CAPTION
1. Discussion, consideration and approval of Resolution authorizing County staff, in cooperation with the County's financial advisor, Estrada Hinojosa & Company, Inc., to submit one or more applications to the State Infrastructure Bank in an effort to obtain funding for certain road improvements.
2. Discussion, consideration and approval to submit the following Applications for Financial Assistance to TxDOT's State Infrastructure Bank (SIB), with authority for County Judge to sign the same:
a. Application for Financial Assistance in the amount of $2,561,468 for Liberty Boulavard (from Mile 4 to FM 2221) CSJ: 0921-02-322
b. Application for Financial Assistance in the amount of $2,415,305 for 10th Street (from SH 107 to FM 1925) CSJ: 0921-02-300
c. Application for Financial Assistance in the amount of $1,266,465 for FM 2220 (from FM 1924 to Mile 5 North) CSJ: 2094-01-038
d. Application for Financial Assistance in the amount of $3,544,000 for Mile 6 West (from Mile 9N to Mile 11N) CSJ: 0921-02-286
2. Discussion, consideration and approval to submit the following Applications for Financial Assistance to TxDOT's State Infrastructure Bank (SIB), with authority for County Judge to sign the same:
a. Application for Financial Assistance in the amount of $2,561,468 for Liberty Boulavard (from Mile 4 to FM 2221) CSJ: 0921-02-322
b. Application for Financial Assistance in the amount of $2,415,305 for 10th Street (from SH 107 to FM 1925) CSJ: 0921-02-300
c. Application for Financial Assistance in the amount of $1,266,465 for FM 2220 (from FM 1924 to Mile 5 North) CSJ: 2094-01-038
d. Application for Financial Assistance in the amount of $3,544,000 for Mile 6 West (from Mile 9N to Mile 11N) CSJ: 0921-02-286
BACKGROUND
Submittal of the applications for financial assistance do not commit the County, all loan agreements will be brought back for Commissioners
Court approval after the terms of the loans have been negotiated and only if those terms are deemed favorable by the County's Financial Adviser.
Court approval after the terms of the loans have been negotiated and only if those terms are deemed favorable by the County's Financial Adviser.
Fiscal Impact
Attachments
- 1
- 2
- 3
- 4
- Resolution
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Budget and Management | Veronica Ortiz | 12/12/2014 09:41 AM |
| Purchasing / Internal | Monica Salinas | 12/12/2014 08:19 PM |
- Form Started By:
- scruz
- Started On:
- 12/12/2014 08:55 AM
- Final Approval Date:
- 12/12/2014