MDD Resolution No. 478 RESOLUTION NO. 478
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE
ENSUING FISCAL YEAR, BEGINNING OCTOBER 1, 2024, AND ENDING
SEPTEMBER 30, 2025; 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 budget estimate of the revenues of the Baytown Municipal
Development District and the expenses of conducting the affairs thereof for the ensuing fiscal year,
beginning October 1, 2024, and ending September 30, 2025, as finally submitted to the Board of
Directors by the General Manager of said District, is hereby adopted and approved as the budget
estimate of all the current expenses, as well as the fixed charges against said District for the fiscal
year beginning October 1, 2024, and ending September 30, 2025. A copy of the budget is attached
hereto as Exhibit "A" and incorporated herein for all intents and purposes.
Section 2: 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 25t11 day of July, 2024.
ON CAPETILLO, Nesident
ATTEST:
AWGELA JACKSON, Secitta
APPROVED AS TO FORM:
SCOTT LEL OND7, General Counsel
Resolution Adopt FY202.1-25 Budget.docx
EXHIBIT "A"
BAYTOWN
MUNICIPAL DEVELOPMENT
DISTRICT (MDD)
PROPOSED BUDGET
2024-25
i1
BAYTOWN
S
BAYTOWN
MUNICIPAL DEVELOPMENT
DISTRICT (MDD
BOARD OF DIRECTORS
Brandon Capetillo, President Laura Alvarado, Vice-President
City Clerk, Assistant Secretary James Franco, Director
Sarah Graham, Director Kenrick Griffith, Director
Mike Lester, Director Jacob Powell, Director
MunicipalDevelopment
: • . • of •
Baytown • •
Development Advisory
Committee
General Manager
MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND
FY2024-25 BUDGET SUMMARY
FY23 FY24 FY24 FY25
Actual Budget Estimated Proposed
Revenue
Sales Tax $ 8,655,232 $8,606,525 $8,380,298 $8,778,656
Rebates (156,122) (149,865) (156,822) (152,862)
Investment Interest 150,958 17,644 157,414 153,977
Transfer from Hotel Occupancy Tax - 350,000 350,000 -
Total Revenue 8,650,068 8,824,304 8,730,890 8,779,771
Expenditures
Economic Development
Personnel 172,099 464,527 257,815 322,216
Legal Services - - - 150,000
Development of New/Expansion of
Existing Businesses and Industry 556,063 200,000 221,669 200,000
Economic Development Foundation (EDF) 353,383 250,000 250,000 350,000
Economic Incentive- HEB 150,000 150,000 150,000 150,000
Hotel/Convention Center Operations 250,000 1,880,000 2,762,285 1,980,000
Property Acquisition 4,750 100,000 - -
Business Improvement Grant Program (BIG) 74,550 250,000 180,000 350,000
Baytown Voice Magazine - - - 60,000
Total Economic Development 1,560,845 3,294,527 3,821,769 3,562,216
Water& Sewer Projects
Cost Share w/Developers to Upsize Utilities - 400,000 42,402 -
1-10 Lift Station - 750,000 - -
Citizen's Bank Building (UB) 937,919 - - -
Evergreen Strategic Plan 389,778 - - -
Total Water&Sewer Projects 1,327,697 1,150,000 42,402 -
Parks Projects
Ice Rink for Town Square 101,671 - - -
Goose Creek Trail - Phase VI 150,000 - - -
Evergreen Park Land 24,808 - - -
City Gateway Project 111 32,899 - - -
Park Operations Center 160,943 - - -
Goose Creek Trail Phase VI 319,721 - - -
Ginger Creek Park 52,961 - - -
"Perfect Trail"Pilot Bundle-Jenkins Park 93,856 - - -
Median Beautification 4,880 - - -
City Wide Landscaping 71,397 - - -
Wetlands Center Kayak Launch 1,500 - - -
Cedar Bayou Lighting 25,144 - - -
Security Upgrade- Roseland 6,542 - - -
EPA Tree Planting Project 9,000 - - -
BNC Kayak Launch Replacement/Restoration 1,500 - - -
BNC Wetlands Overlook Walkway 180,225 - - -
Newcastle Park Phase II - - - -
Evergreen Waterfall Repair 250,000 - - -
Art in The Park 22,252 - - -
Baytown Sports League Improvements 1,150 - - -
MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND
FY2024-25 BUDGET SUMMARY
FY23 FY24 FY24 FY25
Actual Budget Estimated Proposed
Duke Hill Courts Paint and Disc Golf Course 5,473 - - -
Town Square Green Space Improvements 252,924 - - -
Total Parks Projects 1,768,846 - - -
Debt Service
NE WW Treatment Plant (60% of 2014, 2015
&2016 GO Refundings) 1,520,891 968,718 968,718 973,066
Aquatics Master Plan Construction 389,050 392,350 392,350 397,825
Pirates Bay Waterpark Expansion 360,900 333,730 333,730 336,070
Convention Center Debt Service- Series 2021 C - 1,402,400 1,402,400 1,402,400
Hotel Debt Service-Series 2021A/B - - 350,158 1,901,725
Total Debt Service 2,270,841 3,097,198 3,447,356 5,011,086
Transfers
Project Administration &Overhead -GF 300,000 300,000 300,000 300,000
Total Transfers 300,000 300,000 300,000 300,000
Contingency
Unforeseen/New Initiatives - 530,127 - 240,000
Total Contingency - 530,127 - 240,000
Total MDD Expenditures 7,228,229 8,371,852 7,611,527 9,113,302
Revenues Over/Under Expenditures 1,421,839 452,452 1,119,363 (333,531)
Beginning Working Capital (1,051,707) 370,132 370,132 1,489,495
Ending Working Capital $ 370,132 $ 822,584 $1,489,495 $1,155,964