MDD Resolution No. 490 RESOLUTION NO. 490
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT AMENDING THE HYATT REGENCY
BAYTOWN-HOUSTON CAPITAL BUDGET FOR THE 2025 FISCAL YEAR TO
REALLOCATE FUNDS WITHIN THE BALLROOM RIGGING POINTS BUDGET TO
COVER EXPENSES ASSOCIATED WITH INTERNET SERVICE; AND PROVIDING
FOR THE EFFECTIVE DATE THEREOF.
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WHEREAS, on August 22, 2024,the Board of Directors of the Baytown Municipal Development
District adopted a budget for the Hyatt Regency Baytown-Houston (the "Hotel") for the 2025 Fiscal Year
via Resolution No. 480; and
WHEREAS,the Board of Directors rescinded Resolution No.480 on September 12,2024 to amend
the Hotel's operating budget for the 2025 fiscal year and adopt the capital budget for the 2025 fiscal year.
NOW, THEREFORE,
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL
DEVELOPMENT DISTRICT:
Section 1: That the Hotel's capital budget is amended to reallocate fiords within the Ballroom
Rigging Points budget to cover expenses associated with Internet Service. A copy of the capital budget
amendment 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 12'h day o ber, 2024.
NDON CAPE LLO, P esident
ANGEL CK$O ,As$ nt
S.
P138-OVED AS TO F RM �1►EN1,`��g����
SCOTT LE Is D, General Counsel
R.Ordinances and Resolutions Resolution Drafts MDDVldoptmg FY2025 Operating&Capital Budget-Hyatt.docx
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