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2024 04 11 MDD Minutes MINUTES OF THE REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT April 11, 2024 The Board of Directors of the Baytown Municipal Development District (MDD) met in a Regular Meeting on Thursday, April 11, 2024, at 4:30 P.M., in the Council Chamber of the Baytown City Hall, 2401 Market Street, Baytown, Texas with the following in attendance: Bandon Capetillo President Kenrick Griffith Director James Franco Director Jacob Powell Director Mike Lester Director Jason Reynolds General Manager Scott Lemond General Counsel Angela Jackson Assistant Secretary President Brandon Capetillo convened the April 11, 2024, MDD Board Regular Meeting with a quorum present at 4:34 P.M., all members were present with the exception of Vice President Laura Alvarado absence and Director Sarah Graham absence. 1. CITIZEN COMMENTS President Brandon Capetillo announced no citizens had signed up to speak on the Citizen Comments item. 2. MINUTES a. Consider approving the minutes of the Baytown Municipal Development District Regular Meeting held on March 28,2024. President Brandon Capetillo called to consider approval of the minutes for Baytown Municipal Development District Regular Meeting held on March 28, 2024. A motion was made by Director Kenrick Griffith and second by Director Jacob Powell to approve the meeting minutes of the Municipal Development District Regular Meeting held on March 28, 2024 as submitted. The vote was as follows: Ayes: President Brandon Capetillo, Director Kenrick Griffith, Director James Franco, Director Jacob Powell, Director Mike Lester Nays: None Other: Vice President Laura Alvarado(Absent), Director Sarah Graham(Absent) Approved MDD Board Regular Meeting Minutes April 11,2024 Page 2 of 4 3. PROPOSED RESOLUTIONS a. Consider a resolution authorizing an Economic Development Contract with the Baytown West Chambers County Economic Development Foundation. Economic Development Manager Brian Moran summarized the Economic Development Renewal Contract with the Baytown West Chambers County Economic Development Foundation(EDF). A motion was made by Director Jacob Powell and second by Director Mike Lester to approve the Resolution No. 473,related to Item 3.a.,The vote was as follows: Ayes: President Brandon Capetillo, Director Kenrick Griffith, Director James Franco, Director Jacob Powell, Director Mike Lester Nays: None Other: Vice President Laura Alvarado (Absent), Director Sarah Graham (Absent) Approved RESOLUTION NO. 473 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT AUTHORIZING THE GENERAL MANAGER TO EXECUTE AND THE ASSISTANT SECRETARY TO ATTEST TO AN ECONOMIC DEVELOPMENT CONTRACT WITH THE BAYTOWN AREA/WEST CHAMBERS COUNTY ECONOMIC DEVELOPMENT FOUNDATION FOR ECONOMIC DEVELOPMENT SERVICES; AUTHORIZING PAYMENT IN AN AMOUNT NOT TO EXCEED THREE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($350,000.00); MAKING OTHER PROVISIONS RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. b. Consider a proposed resolution authorizing an agreement with Admin CFO,LLC. Finance Director Teresa McKenzie summarized the authorization with Admin CFO, LLC to perform administrative and financial oversight services for the Hyatt Regency Baytown- Houston. A motion was made by Director Mike Lester, and seconded by Director Kenrick Griffith to approve Resolution No. 474,related to Item 3.b. The vote was as follows: Ayes: President Brandon Capetillo, Director Kenrick Griffith, Director James Franco, Director Jacob Powell, Director Mike Lester MDD Board Regular Meeting Minutes April 11,2024 Page 3 of 4 Nays: None Other: Vice President Laura Alvarado (Absent), Director Sarah Graham(Absent) Approved RESOLUTION NO. 474 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT AUTHORIZING THE GENERAL MANAGER TO EXECUTE A CONSULTING SERVICES AGREEMENT WITH ADMIN CFO, LLC, FOR ADMINISTRATIVE AND FINANCIAL OVERSIGHT SERVICES FOR THE HYATT REGENCY BAYTOWN- HOUSTON PROJECT; AUTHORIZING PAYMENT IN AN AMOUNT NOT TO EXCEED NINETY THOUSAND AND NO 100 DOLLARS ($90,000.00); MAKING OTHER PROVISIONS RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. 4. MANAGER'S REPORT a. The next Baytown Municipal Development District meeting will be scheduled when needed, in the Council Chamber located at City Hall, 2401 Market Street, Baytown, Texas, 77520. General Manager Jason Reynolds informed the Board there were no reports to be made. 5. EXECUTIVE SESSION a. Recess into and conduct an executive session pursuant to Texas Government Code Sections 551.071 and 551.087 to seek the advice of the City's attorneys regarding economic development negotiations. At 4:38 P.M., President Brandon Capetillo recessed into and conducted an executive session pursuant to Section(s) 551.071 and 551.087 of the Texas Government Code to seek the advice of the City's attorneys and/or to discuss economic development negotiations. Director Sarah Graham entered the Municipal Development District Regular Meeting Executive Session at 4:50 P.M. At 5:40 P.M., President Brandon Capetillo reconvened the Open Meeting of the MDD Board Regular Meeting and announced that in accordance with Section 551.102 of the Texas Government Code, no action was taken in the Executive Session. Director Kenrick Griffith was not present at time of Adjourned meeting. MDD Board Regular Meeting Minutes April 11,2024 Page 4 of 4 6. ADJOURN With there being no further business to discuss, President Brandon Capetillo adjourned the April 11, 2024, MDD Board Regular Meeting at 5:40 P.M. ,,���tlili tlltl/Ire ' j .4, rel,1%, Angela Ja son, Assistant Secretary , City of Baytown rj► �`��ljifl{i11St4t''•`a