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MDD Resolution No. 486 RESOLUTION NO. 486 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT RENEWING THE INTERLOCAL AGREEMENT WITH TEXAS MUNICIPAL LEAGUE FOR THE ANNUAL PROPERTY AND CASUALTY INSURANCE PROGRAM; AUTHORIZING PAYMENT BY THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT IN AN AMOUNT NOT TO EXCEED ONE MILLION THREE HUNDRED SIX THOUSAND ONE HUNDRED EIGHTY-TWO AND NOl100 DOLLARS ($1,306,182.00) FOR THE ANNUAL PROPERTY AND CASUALTY INSURANCE PROGRAM FOR PREMIUMS, REIMBURSABLE LOSSES, ADMINISTRATIVE FEES AND DEDUCTIBLES; MAKING OTHER PROVISIONS RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ************************************************************************************* BE IT RESOLVED BY BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT: Section 1: That the Board of Directors of the Baytown Municipal Development District,hereby authorizes the renewal of the Interlocal Agreement with Texas Municipal League for the Annual Property and Casualty Insurance Program for the Baytown Municipal Development District. Section 2: The Board of Directors of the Baytown Municipal Development District hereby authorizes payment to the Texas Municipal League in an amount not to exceed ONE MILLION THREE HUNDRED SIX THOUSAND ONE HUNDRED EIGHTY-TWO AND NO100 DOLLARS ($1,306,182.00) for the Annual Property and Casualty Insurance Program for premiums, reimbursable losses, administrative fees and deductibles. Section 3: That pursuant to the provisions of Texas Local Government Code Annotated §252.048,the General Manager is hereby granted general authority to approve any change order involving a decrease or an increase in costs of FIFTY THOUSAND AND NOf 100 DOLLARS ($50,000.00)or less, subject to the provision that the original contract price may not be increased by more than twenty-five percent (251o) or decreased by more than twenty-five percent (25%) without the consent of the Texas Municipal League to such decrease. Section 4: 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 12i,day of 24. At/ ��i ANDON C PETILL , President ST ANGEL J KS Assistas cret ,�� PROVED AS O ORM: SCOTT E D, General Counsel R:`.Ordinanccs and csolutions Resolution DraRs\MDD 09.12.2024 Resolution Rewnewmg Insurance Policy.TML Risk Pool.MDD.FY24- 25.kli.docx