MDD Resolution No. 456 RESOLUTION NO. 456
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT APPROVING BUSINESS
IMPROVEMENT GRANT APPLICATIONS;AUTHORIZING REIMBURSEMENT
FUNDING UNDER THE BUSINESS IMPROVEMENT GRANT PROGRAM IN AN
AMOUNT NOT TO EXCEED THE MAXIMUM GRANT AMOUNT OF FORTY
THOUSAND AND NOI100 DOLLARS ($40,000.00) PER APPROVED GRANT
APPLICATION; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
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BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT:
Section 1: That the Board of Directors of the Baytown Municipal Development District
hereby approves grant applications for the following establishments pursuant to the Business
Improvement Grant Program: (1) La'Pearl's Beauty Supply, LLC; (2)PHN Equity Investments, LLC;
and(3)Tranquilitys Beauty Spa&Hydration Lounge, LLC.
Section 2: That the Board of Directors of the Baytown Municipal Development District
hereby authorizes reimbursement funding under the Business Improvement Grant Program not to
exceed the maximum grant amount of FORTY THOUSAND AND NO1100 DOLLARS ($40,000.00)
per approved application.
Section 3: This resolution shall take effect immediately from and after its passage by the
Board of Directors of the Baytown Municipal Development District.
INTRODUCED,READ and PASSED by the affirmative vote of the Board of Directors of the
Baytown Municipal Development District this the 2nd day of February, 2023.
NDON CAPET LLO, resident
A EST:
•
•
ANGELA ,CKSON,Ass t"ry
APPROVED AS TO FORM �got inI0��,```,`
SCOTT LEMOND, General Counsel
RADenise\PDF for agendas\MDD\2023.02.02Wpproving3BusmesslmpGrantApplications.docx