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2023 09 07 MDD Minutes MINUTES OF THE REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT September 7, 2023 The Board of Directors of the Baytown Municipal Development District (MDD) met in a Regular Meeting on Thursday, September 7, 2023, at 4:35 P.M., in the Council Chamber of the Baytown City Hall, 2401 Market Street, Baytown, Texas with the following in attendance: Laura Alvarado Vice President Donna Winfrey Director Sarah Graham Director Kenrick Griffith Director Jacob Powell Director Mike Lester Director Shaunna Bernshausen Director Jason Reynolds General Manager Scott Lamond General Counsel Angela Jackson Assistant Secretary Vice President Laura Alvarado convened the September 7, 2023, MDD Board Regular Meeting with a quorum present at 4:35 P.M., all members were present with the exception of President Brandon Capetillo, Secretary David P. Jiirels, and Directors Heather Betancourth, Gary Englert, and Suhey Rios-Alvarez, who were absent. 1. PROPOSED RESOLUTIONS a. Consider a resolution adopting the Baytown Municipal Development District Fiscal Year 2023-24 Budget. Chief Financial Officer Teresa McKenzie presented Agenda Item l.a. by providing an overview of the proposed Fiscal Year 2023-24 Baytown Municipal Development District Budget. Ms. McKenzie stated the budget as presented is the same budget that was presented at the August 3, 2023 MDD Meeting. The budget reflects a projected Revenue of $8.8 million, expenditures at $8.3 million, thereby leaving a Capital Working Balance of $526,000, and then stated Staff recommends approval. Vice President Laura Alvarado asked for a motion to approve Agenda Item l.a., and General Manager Jason Reynolds requested the Board to conduct the Executive Session, Agenda Item 3.a. prior to approval of this item as it might impact the proposed budget. As such, Vice President Alvarado announced that Mr. Donovan Jones had signed up to speak on this item and offered the podium for three minutes to speak on this item. MDD Board Regular Meeting Minutes September 7,2023 Page 2 of 4 Mr. Jones stated his name and address for the record and he represents a small entertainment company that recently purchased a small building in the Downtown ACE District area. They purchased this property with the expectations they would receive incentives from the Business Improvement Grant (BIG), and they are asking for Council's consideration of their application that was previously submitted to the City of Baytown. Since this item was not on the agenda for consideration, Vice President Alvarado directed Staff to follow up on their application and thanked Mr. Jones for his investment in Baytown. At this point Vice President Alvarado moved to Agenda Item 3.a., and once complete the agenda continued to Agenda Item I.a., 1.b., and 2.b. A motion was made by Director Jacob Powell, and seconded by Director Mike Lester to approve Resolution No. 465, related to Item La. as submitted. The vote was as follows: Ayes: Vice President Laura Alvarado, Director Donna Winfrey, Director Sarah Graham, Director Kenrick Griffith, Director Jacob Powell, Director Mike Lester, Director Shaunna Bernshausen Nays: None Other: President Brandon Capetillo (Absent), Secretary David P. Jirrels (Absent), Director Suhey Rios-Alvarez (Absent), Director Heather Betancourth (Absent), Director Gary Englert(Absent) Approved RESOLUTION NO. 465 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR, BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. b. Consider a resolution authorizing payment to S&P Global Ratings for analytical services rendered. Finance Director Victor Brownlees presented Agenda Item I.b. and stated Resolution No. 466 authorizes a payment to S&P Global Ratings for analytical services rendered with Baytown Municipal Development District as required by the Bond for the Hotel and Convention Center venture. A motion was made by Director Mike Lester, and seconded by Director Jacob Powell to approve Resolution No. 466, related to Item 1.b. The vote was as follows: MDD Board Regular Meeting Minutes September 7,2023 Page 3 of 4 Ayes: Vice President Laura Alvarado, Director Donna Winfrey, Director Sarah Graham, Director Kenrick Griffith, Director Jacob Powell, Director Mike Lester, Director Shaunna Bernshausen Nays: None Other: President Brandon Capetillo (Absent), Secretary David P. Jirrels (Absent), Director Suhey Rios-Alvarez (Absent), Director Heather Betancourth (Absent), Director Gary Englert(Absent) Approved RESOLUTION NO. 466 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT AUTHORIZING PAYMENT TO S&P GLOBAL RATINGS, FOR ANALYTICAL SERVICES RENDERED FOR THE SERIES 2021 FIRST-LIEN REVENUE BONDS AND SERIES 2021 SECOND-LIEN REVENUE BONDS, IN AN AMOUNT NOT TO EXCEED SIXTY-SIX THOUSAND AND NO 100 DOLLARS ($66,000.00); MAKING OTHER PROVISIONS RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. 2. MANAGER'S REPORT a. The next Baytown Municipal Development District meeting is scheduled for Thursday,October 5, 2023, at 4:30 p.m., in the Council Chamber located at City Hall, 2401 Market Street, Baytown,Texas, 77520. General Manager stated the next regular meeting is scheduled for October 5, 2023; however, due to a scheduling conflict with the Council's schedule, a Special Meeting might be called prior to the October 5th meeting date, and Staff will reach out to the Board once a date is determined. 3. EXECUTIVE SESSION a. Recess into and conduct an executive session pursuant to Section(s) 551.072 and/or 551.087 of the Texas Government Code to deliberate the purchase, exchange, lease, or value of real property and/or to deliberate regarding economic development negotiations. At 4:40 P.M., Vice President Laura Alvarado recessed into and conducted an executive session pursuant to Section(s) 551.072 and or 551.087 of the Texas Government Code to deliberate the purchase, exchange, lease, or value of real property and or to deliberate regarding economic development negotiations. MDD Board Regular Meeting Minutes September 7,2023 Page 4 of 4 At 5:13 P.M., Vice President Laura Alvarado reconvened the Open Meeting of the MDD Board Regular Meeting and announced in accordance with Section 551.102 of the Texas Government Code, no action was taken in the Executive Session. 4. ADJOURN With there being no further business to discuss, Vice President Laura Alvarado adjourned the September 7, 2023, MDD Board Regular Meeting at 5:l6 P.M. - r Angela 11 Pkson, Assistant- r City of Baytown r