MDD Resolution No. 502 RESOLUTION NO. 502
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT, AUTHORIZING ALLIANT INSURANCE
SERVICES, INC., AS BROKER, TO PLACE PROPERTY AND CASUALTY
RELATED INSURANCES POLICIES FOR THE HYATT REGENCY BAYTOWN-
HOUSTON HOTEL AND CONVENTION CENTER FOR FISCAL YEAR 2025-2026 IN
AN AMOUNT NOT TO EXCEED ONE MILLION TWO HUNDRED ELEVEN
THOUSAND EIGHTY-SIX,AND 00/100 DOLLARS($1,211,086.00);AUTHORIZING
ALLIANT INSURANCE SERVICES, INC.,AS BROKER, TO PLACE A TERRORISM
COVERAGE POLICY WITH LLOYD'S SYNDICATE FOR THE HYATT REGENCY
BAYTOWN-HOUSTON HOTEL AND CONVENTION CENTER FOR FISCAL YEAR
2025-2026 IN AN AMOUNT NOT TO EXCEED SIX THOUSAND EIGHT HUNDRED
SEVENTEEN, AND 85/100 DOLLARS ($6,817.85); MAKING OTHER PROVISIONS
RELATED THERETO; 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 Board of Directors of the Baytown Municipal Development District,hereby
authorizes Alliant Insurance Services, Inc, as broker, to place property and casualty related insurance
policies for the Hyatt Regency Baytown-Houston to be effective October 1, 2025 through September 30,
2026 and authorizes payment in an amount not to exceed ONE MILLION TWO HUNDRED ELEVEN
THOUSAND EIGHTY-SIX, AND 00/100 DOLLARS ($1,211,086.00) for the related services and
coverages.
Section 2: That the Board of Directors of the Baytown Municipal Development District,hereby
authorizes Alliant Insurance Services, Inc, as broker, to place a terrorism coverage policy with Lloyd's
Syndicate for the Hyatt Regency Baytown-Houston Hotel and Convention Center to be effective October
1,2025 through September 30,2026 and authorizes payment in an amount not to exceed SIX THOUSAND
EIGHT HUNDRED SEVENTEEN AND 85/100 DOLLARS ($6,817.85) for the related services and
coverages.
Section 3: 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 25th day of Se ember, 20 .
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.::'A, ,'... CHARLES J SON, President
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A 7GEL;e • 1 ' .ON,Assista•. ��
APPROVED ' I FORM: '''�iiirNt1siti011 ``�
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SCOTT LEM• D, General Counsel
R:\Ordinances and Resolutions\Resolution Drafts\MDD\2025-09-25\Authorizing Property and Casualty Insurance Policy and Terrorism Policy for
Hyatt via Alliant.kh.docx