The first was the acceptance of two grants totaling more than $503,000from the Texas Department of Transportation. The second was an amendment adding about $26,000 to the contract with Reytec Construction Resources and Costello Inc. for drainage improvements to the Pine Forest subdivision.
The funding for the TxDOT grants was provided by the Federal Emergency Management Agency for emergency services operation during Harvey in late 2017, officials said. About $15,000 of the funds was for the repair of damages to Water Plant No. 4.
“This is only two of about 13 [grant] projects,” said City Finance Director Becky Wilkins.
Wilkins said the funds for these two grants will return to the city's general revenue fund to reimburse it for expenditures during Harvey.
The change order to the contract for drainage improvements at Pine Forest was established to adjust for changes to the traffic control plan for the project, said Ralph Saldana, a partner and project manager with Costello Inc., the company that is managing the city’s drainage plan. The additional funds will also provide additional supply quantities in the items needed to complete work on storm sewer improvements to Avenue D, Saldana said. The change order will be paid for out of the city's general revenue fund.
At the Council meeting, Katy Mayor Chuck Brawner also presented a certificate of achievement for excellence in financial reporting for the city’s Comprehensive Annual Financial Report for fiscal year 2017 to Wilkins. The award is given to cities that meet standards of clarity and transparency set forth by the Government Financial Officers Association.
The Council also noted the award of a rating of Aa2 from Moody’s Inverstor Services for the city this year. Moody’s establishes credit ratings for government entities.
“We’ve got good paper. That’s what that means,” said City Administrator Byron Hebert. “We’ve got good credit.”