MDD Resolution No. 235RESOLUTION NO.235
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE
ENSUING FISCAL YEAR,BEGINNING OCTOBER 1,2014,AND ENDING
SEPTEMBER 30,2015;AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
**********************************************************
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 1,2014,and ending September 30,2015,as finally submitted to the
Board of Directors by the General Manager of said District be. and the same is in all things,
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 1,2014,and ending
September 30,2015.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/Jte of the Board of Directors
ofthe Baytown Municipal Development District this the 7th day oyAugust,2014.
STtfPHfiFrFL DONCARLOS,President
ATTEST:,„„
LETICIA BRYSCH,Assistant Secretary
APPROVED AS TO FORM:
^GNACIO RAMIREZ,SR.,Oeieral Counsel
\\COBFS01\l.cgal\Karen\l'ilcs\CityC'oiincil\Mimicip;il Development Dislrict\Resolutions\2014\Augusi\Adopt 14-15Budget.doc
Exhibit "A"
BAYTOWN MUNICIPAL
DEVELOPMENT DISTRICT
(MDD)
2014-15
PROPOSED PROJECTS
BUDGET
FISCAL YEAR ENDING
SEPTEMBER 30,2015
Revised July 10,2014
BAYTOWN MUNICIPAL
DEVELOPMENT DISTRICT
(MDD)
2014-15
PROPOSED PROJECTS
BUDGET
FISCAL YEAR ENDING
SEPTEMBER 30,2015
Robert D.Leiper General Manager
Ignacio Ramirez
Louise Richman
Leticia Brysch
General Counsel
Finance Officer
Assistant Secretary
BAYTOWN MUNICIPAL
DEVELOPMENT DISTRICT
DIRECTORS
STEPHEN H.DONCARLOS,President
CHRIS PRESLEY,Vice President
REGGIE BREWER,Secretary
BRANDON CAPETILLO,Director
GARY ENGLERT,Director
MARY HERNANDEZ,Director
ROBERT C.HOSKINS,Director
DAVID P.JIRRELS,Director
DAVID MCCARTNEY,Director
MERCEDES RENTERIA III,Director
TERRY SAIN,Director
MUNICIPAL DEVELOPMENT DISTRICT
July 10,2014
President and Directors of the
Municipal Development District Board
I am pleased to present the proposed 2014-15 budget for the Baytown Municipal
Development District (MDD).The 2014-15 budget year promises to be another
outstanding year for growth and economic development in the Baytown area.Home
sales are improving,commercial development is continuing and recently announced
industrial expansion projects will keep Baytown moving forward.We look forward to
reviewing this budget with you in the coming months.Listed below are the highlights of
revenues and expenditures.
Revenues -Based on current year sales tax receipts we anticipate revenues to
increase in the next fiscal year.Sales tax revenue for 2014-15 is projected at
$5,700,000 which is a 2.7%increase over current year estimated collections.Along with
interest income and loan repayments total revenues for 2014-15 are projected at
$5,754,200.
Expenditures -The MDD projects for funding all play a significant role in the economic
development and quality of life in our City.The allocations for projects in 2014-15 are
classified in one of the following three (3) priorities:
o Priority:Projects or expenditures designed to promote new or expanded
business activity that create orretainprimary jobs:
>Development of New and Expansion of Existing Businesses and Industry
>Economic Development Foundation -Basic Service
>Economic Development Foundation -Special Projects
>Property Acquisition forEconomicDevelopment
o Priority:Projects which provide infrastructure for economic development:
> Land Acquisition for New Thoroughfares
> City Gateway Project
>State Infrastructure Bank Loan Repayment -Decker Dr to SH 146 S Flyover
> Texas Avenue Streetscape and Town Square Project
> Cost Share with Developers for Upsizing Utilities
>Northeast Wastewater Treatment Plant -Debt Service to fund 60%of design
and construction
>West District Plant Expansion -Debt Service to fund 60%of design;50%of
construction
> Garth Road TrafficEngineering
o Priority:Projects that improve a community's quality of life,including
parks,athletic facilities,etc:
>Pirates Bay Waterpark Construction Debt Service
>Pirates BayWaterpark Expansion Debt Service
> Baytown Sports League Improvements
>Goose Creek Trail -Phase VI
>Land Acquisition -Future Parks
> East Road Fields -Lighting and Wiring (new)
>GLO/CMP Grant Match for Tabbs Bay Cleanup
>Median Beautification Crew
>Community Service Supervisor
>Roseland Spray Park Renovations (new)
>Special Needs Playground (new)
Additional narrative on each of the foregoing projects is included in the "Major Budget
Issues"section of the budget packet.
Project administration costs of $300,000 are included to reimburse the General Fund for
administrative,engineering and financial support of the MDD.There is no allocation for
unforeseen/new initiatives this year.However,there are previously allocated funds to
this account that are still available.These funds provide flexibility to allow the Board to
utilize MDD funds to secure federal,state and local grant funds when available and to
enhanceand expand the impact thatthe MDD has onthe economic development ofthe
community as opportunities arise.It will also allow funding for unexpected or inflationary
increases on project costs,if needed.
We are excited aboutthe economic development accomplishments in Baytown and look
forward to continuing our growth and development intothe future.
Sincerely,
Robert D.Leiper
General Manager
MUNICIPAL DEVELOPMENT DISTRICT
MAJOR BUDGET ISSUES
Fiscal Year 2014-15
On May 5,2001,in the general election,the citizens of the City of Baytown voted to
authorize the creation of the Baytown Municipal Development District (MDD)and the
imposition ofa salesanduse taxatthe rate of one-half ofone percent for the purpose of
financing economic development and parks projects that provide economic benefit,
diversify the economic base ofthe community and improve our quality of life.The board
iscomposed ofthe Mayor,six council membersand four at-large residentmembers.
REVENUES - Based on current year sales tax receipts we anticipate revenues to
increase inthe next fiscal year. Sales tax revenuefor 2014-15 is projected at $5,700,000
which is a 2.7% increase over current year estimated collections.Along with interest
income and loan repayments total revenues for2014-15 are projected at $5,754,200.
EXPENDITURES -Included in thisyear's program are economic development projects
and improvements inthe areas ofstreets, drainage, sidewalks,signalization,utilities and
parks. Generally, project costs may include functions such as services,construction or
debt service on long-term construction projects.Project administration costs of $300,000
are includedto reimburse the General Fund for administrative,engineering and financial
support of the MDD.
PROJECTS
Development of New and Expansion of Existing Businesses and Industry
A significant function ofthis budget allocation is the development of new and expansion
of existing businesses.These projects are critically important in light of the State
Implementation Plan's potential impact on the petro-chemical industry and underscore
our need to diversify our economic foundation.$150,000
Economic Development Foundation -Basic Economic Development Services
This provides continued funding for the basic economic development services contract
with the Baytown Area/West Chambers County Economic Development Foundation
(EDF).$250,000
Economic Development Foundation -Special Economic Development Projects
The current MDD budget includes continued funding for a special projects contract with
the EDF.The provisions of this contract are requested and approved on an annual
basis.$100,000
Property Acquisition for Economic Development
This allocation provides funding to purchase property that may become available to be
used for future economic development purposes. Some of the projects discussed
elsewhere in this report may require additional property acquisition.$100,000
Land Acquisition for new Thoroughfares
Funds to purchase rights-of-way for roadway development or expansion.$100,000
City Gateway Monument
Additional funding for the current project atthe Hartman Bridge.$150,000
State InfrastructureBank Loan Repayment - Decker Driveto Highway 146 S.Flvover
The MDD financed a $1,000,000 loan from the Texas State Infrastructure Bank (SIB)for
a Decker Drive to Highway 146 South flyover project.This funding,combined with
matching funds from the November 2007 bond election,allowed for completion of the
Decker Drive to Highway 146 South flyover.The current project funding eliminates the
"braided"on and off ramps.The postponement ofthe construction ofthese ramps would
have impaired mobility in the area. The State matched our $2 million contribution to
provide the $4 million necessary to complete all elements of this flyover.Eligible projects
mustbe on the state highway system and be included in the Statewide Transportation
Improvement Plan.$148,957
Texas Avenue Streetscaoeand Town Square Project
The budget includes continued funding and expands the scope ofthe project to include
the Phase One development of a Town Square in the city-owned block bounded by
Texas,Gaillard,Pearce and Ashbel. The project proposed for FY 2015 also includes
extending the Streetscape Project from Gaillard to Ashbel,including the Ashbel
intersection.Phase One of the Town Square is very innovative and includes the Bond-
funded water feature in the form ofa fountain.The fountain will serveas centerpiece of a
round plaza that would serve as the platform for a portable ice rink for the 2015
Christmas holiday season.The fountain would be designed such that it would be
covered by a large Christmas tree resulting in a much improved community tree lighting
event and ice skating around the community Christmas tree.A set of permanent
restrooms will be constructed as will a matching building for storage,fountain equipment
and the skate concession center.An area for food trucks is envisioned along Gaillard
and there is a large grassy area for concerts,farmers markets and other gathering
events.Future phases include a stage and/or other structures.The City owns over 34
acre across Pearce from the Town Square and funding is included for public off-street
parking to complement the parallel curbside parking around the block.The anticipated
development of Ken Pridgeon's Portrait of a Warrior Memorial Art Gallery on the east
side of Ashbel would provide additional public parking.The City also owns a tract at
Jones and Pearce that can be developed into additional parking,especially "if the
Brunson project comes to fruition.The total project cost is $1,750,000.Funding
previously transferred tothe Downtown Quiet Zone Project is not needed for that project
and is returned to this project resulting in available funding,subject to the Board's
allocation of $500,000,of $1,264,967.The downtown water feature has $290,000 in
bond funds available and $250,000 in Street Maintenance Sales Tax will be allocated to
assist with funding the roadway portion ofthe Streetscape.This isan ambitious project
butthe timing maybe just right given the current boomtimes in Baytown.$500,000
Garth Road Traffic Engineering
This funding continues support for traffic congestion mitigation along the Garth Road
corridor.These funds will be utilized when outside engineering/design expertise is
required.The vast majority ofthe projects todatehavebeen designed in-house.$15,000
6
Economic Development Cost Share with Developers
This funding allows the City to have the ability to upsize utility lines installed by
developers tomeet future water and sewer needs for undeveloped areas serviced bythe
same lines.$100,000
Northeast Wastewater Treatment Plant -Debt Service
The confirmed growth and development within the City necessitated the design and
construction ofthe Northeast Wastewater Treatment facility.The project is estimated at
$28,500,000 with 60%($17,100,000)ofthe funding from the MDD.The remaining 40%
($11,400,000)is funded from the Water and Sewer Fund.This allocation includes the
current year principal and interest payment on multiple debt issuances by the Texas
Water Development Board (TWDB)loan and Certificates of Obligation.$1,302,255
West District Plant Expansion -Debt Service
The construction to expand the facility with a new 4.0 million gallon per day (MGD)
treatment facility is complete.This expansion increased the facility to 8 MGD.MDD has
reimbursed the City for 60%,or $1.2 million,of the design costs of approximately
$2,000,000,which was authorized in the 2005-06 and 2006-07 budgets. The City issued
Series 2008 Certificates of Obligation to finance the total construction costs ofthe project
which is estimatedat $27,600,000.MDD will provide 50%funding for the 20 yeardebt
service.This allocation funds the current year debt service requirement.$1,009,356
Aquatic Facilities -Debt Service
Pirate's Bay Waterpark opened in 2010 and was funded with $4 million authorized in the
November2007 bond election andthe issuance of$6 million in Certificates of Obligation
in early 2010.MDD is funding the debt service on the $6 million in CO's. This allocation
funds the current year debt service requirement.$437,888
Pirates Bay Waterpark Expansion -Debt Service
Attendance and popularity continue to be greaterthan anticipated with the waterpark's
capacity limiting tickets sales on a regular basis. The development of a multi-phased
Pirates Bay Expansion Master Planis in progress.MDD funding of the North Main water
and sewer project debt service has been shiftedto the Water and Sewer Fund to provide
$5.5 million in MDD debt capacity to help fund the expansion.This allocation funds the
current year debt service requirement.$375,529
Bavtown Sports League Improvements
The budget provides continuous funding for various improvements at little league, pony
leagueand soccer facilities including bleacher covers,backstops,paving,trails,lighting
and fencing repairsas needed.$100,000
Goose Creek Trail -Phase VI
The project wouldconnect the Goose Creek Stream Trail to the Hutto Parkway Trail and
beyond.The project will cross Park Street and Decker Drive at the Highway 146 North
Feeder Road.The project will go under four Highway 146 bridges anda consultant may
be needed to provide engineering under both feeder roads.The trail will also require
permission from TxDOTto utilize TxDOT Right ofWay including traveling underthe four
Highway 146 bridges.The project will be the final link for the Goose Creek Trail that will
7
connect Bayland Island to Hutto Parkway and beyond.With the exception of the
engineering required under the service road bridges,all planning and design will be
completed by Parks and Recreation employees.
The project will also replace two footbridges along the current Goose Creek Trail.Plans
and Specifications will be provided with Baytown Parks and Recreation Department
employees.The bridges were installed in 1993 and are in needof replacement.
The total for this phase is $465,000 and the MDD funding is supplemented with
$150,000 from the City's Capital Improvement Project Fund.$315,000
Land Acquisition -Future Parks
This project provides funding to acquire future park land.This is a continued set-aside of
funds to provide an allocation that would be used as land becomes available.$50,000
Ball field Lighting and Wiring at Sports Complex -East Road (Girls)Fields
The East Road side of the Sports Complex opened in 1973.The original ball field
lighting included direct burial wiring for the quartz lighted 4 field Complex.In 1983,the
lighting was upgraded to state of the art,MUSCO sports lighting system using the
existing direct burial wiring.In 1998,the city upgraded the systemby replacing the light
poles.Special inserts were installed in the 1983 fixtures to increasethe light levels.The
lights were the only items that were not addressed during the 2003 Sports Complex
renovations.During the past 10 years,the old 1973 direct burial wiring has begun to
cause major issues needing to be replaced.The project would completely replace the
existing system including lightsand wiring withthe exception of the 8 common concrete
poles.The new energy efficientsystem will have a 25 year warranty and will increase
the light levels to current standards and eliminate the expensive maintenance and
downtime caused by 1973 wiring.
The project will upgrade the ballfield lighting and will provide much needed security
lighting in the back ofthe complex.Increasing the light levels will provide safer playing
fields for the Girls Fastpitch Softball Association.The energy efficient green system will
also reduce electrical cost along with the 25 year warranty that will insure maintenance
cost savings for yearstocome. The project will eliminate long and costly delays andlost
game days on major repairs due to 1973 direct burial wiring.$575,000
GLO-CMP Cycle 19 Grant for Tabbs Bav and Goose Creek Stream Cleanup
The City applied for and was awarded a General Land Office -Coastal Management
Program Cycle 19 grant to continue removing derelict and abandoned pilings from Tabbs
Bay.The 60/40 grant totaling $166,000 was awarded in February 2014 and grant funds
will be available October 1,2014.The City of Baytown's portion ofthe grant is $66,400.
This isthe 4th phase of the derelict pile removal project that has removed 1,272 piles
from Tabbs Bay and Goose Lake.
To addressthe community imageissues with the remaining objects in Goose Creek from
the Decker Bridge to the Business 146 bridge,staffhas added an additional $20,000to
remove tires,shopping carts and other discarded junk thathas been dumped into Goose
Creek overthe years.$86,400
Median Beautification Crew
Initiated in 2013,this project continues funding of the Median Beautification Crew.The
crew is responsible for the trimming and mowing maintenance of landscaping on Spur
330,Highway 146 and will be involved with the landscaping of Highway 146 between
North Main and Garth Road scheduled for the fall of 2014. The crew also assists with
maintenance of medians on Hutto,Baker and Alexander Drive.$110,500
Community Service Supervisor
With the addition of the new Community Service Supervisor the court assigned
community service worker crew can be "split"into two crews which will allow for
additional litter abatement along the major roadways as well as additional mowing of City
owned properties.This additional litter abatement will enhance the City's efforts of
beautification end economic development by improving the visual perspective ofthe City.
The carryover funding from FY14 will be used to replace the crew van and to provide
replacement equipment for the crewmembers.$77,200
Roseland Sorav Park Renovations
Roseland Park Spray Park was opened in 2002.Other than routine maintenance,the
system has worked consistently for the past 12 years.However,some of the major
components have worn out. This project would replace the controller,all twelve
electronic valves and raise the vault above ground. The vault has flooded three times
overthe yearsthatcaused major downtime for the system. The project will alsoinclude
a cool deck to be installed in the spray area.Roseland Spray Park isthe only painted
spray park surface the city has.Cool deck will provide a non-slip surface and provide a
surface that does notabsorb the hot sun temperatures.
Design and oversite will be provided bythe Parks and Recreation Department
employees.$42,000
Special Needs Playground
We are partnering with Goose Creek CISD to establish a special needs playground at
Bowie Elementary School.This effort will include the installation of specific park
playground equipment that is specially made for special needs children.The City's
contribution includes the design ofthe playground and the installation ofthe playground
equipment.$25,000
Project Administration &Overhead $300,000
MUNICIPAL DEVELOPMENT DISTRICT (MDD)PROGRAM FUND
BUDGET SUMMARY for Fiscal Year 2014-15
•
Total N«w Tout
Actual Cany-lorward Adopted Adjustment*Allocation Estimated Cany-forward,Allocation Allocation
2012-13 2012-13 2013-14 2013-14 2013.14 2013-14 2013-14 2014-1S 2014-15
8«tJ Inning wotklno capital S 6.487.486 S 6.407.476 S 1.373.401 $5 6.407.476 ;S 6.407.476 i 5.009.651 5 666.643 ,S 5.969.951
Revenue*
>
Sales Taies 5.294.203 -5.441.000 5.441.000 5.549.820 5.700.000 5.700.000
Keren on Investments S.7SB -5.000 5.000 5.000 6.000 6.000
WseeBaneous 133.103 --_.
!Loon Repayments 60.045 -48.050 46.050 46.050 .40200!40200
IInterest on Loam
Total MOO Revenue*
Expenditure*
6.657 -6.000 6.000 6.000 1 8.000 8.000
5.500.056 -5 500,050 5.500.950 5.609.770 5.754200 5.754200
'
Economic Development Pro/ecu
Development o*New and Expansion o)Existing
Businesses end Industry 45258 283.425 300.000 (50.000)533.425 7.658 525567 150.000 675.567
IEeon Devetopmwrt Foundation -Basks Economic
Development Seivices 200.000 -200.000 -700.000 200.000 .250.000 250.000
'Eoon Oavelopnnnt Foundation -Spedd Economic
Devetoornenl Projects 207.388 224 747 100.000 .324.747 30.000 294.747 100.000 394.747
Ecc<iDevelopment Foundation-Special Economic
Development PioJcctsSBRLF 110.000 -•110.000 -110.000 110.000
PropertyAcquisajontor Economic Development 53.327 423.076 100.000 -523.976 454 523.522 100.000 623.522
Downtown Redevelopment Assistance •Baytown LWs
Ihsotef 500.000 .-500.000 •500.000 .500.000
Marketing Plan Update 35.000 --35.000 31.101 ..
(Jailed land Development Coda
Subtotal
Streets,Dmhfffc,SMowaMs &Stgnelltailon Projects
15.000 --15.000 ....
505 683 1.592.146 700000 150.000)2.242.148 260.413 1.053.636 600.000 2.553.836
-
Baker Rood Extension -land Acquisition 56.317 08.710 .(98.710).....
iland AcquisitionlorNew Thoroughfares 713.000 100.000 98.710 611.710 .911.710 |100.000 1.011.710
iCoy Gateway Project -350.000 -350.000 350.000 150.000 '150.000
North Matn/Aleiandar Signal Syndvoraulkm 5.204 53.609 --53.609 -. '..
Slata Intmnniffim)Bank loon Repayment Decker Or to
146 SouSi flyover!Slmrn)148.857 •148.057 -146.957 148.057 148.657 148.957
Tcius Avenue Streetseepe and Town Square Project 264.067 150.000 350.000 764.987 764.067 500.000'1.264.967
Downtown Owlet Zone 350.000 -(350.000)...
'Signal -148 North and1-10 West 22.247 252.753 '--252.753 223.753 29.000 .'29.000
Signal•Hutto and RoOngbrook 4.600 5.200 -50.000 55.200 55.200 ..
Garth Road Traffic Enotnaertng
Subtotal
UWyPrcjoett
10.032 7.608 -7.668 7.668 15.000 15000
255764 1.745 007 748.957 50.000 2.544.664 785578 1.703.677 913.057 2.619.634
Economic Pav Cost Share with Devetopen to Upsize
New Waves 697.655 100.000 (345.642)412.013 .412.013 100.000;512.013
'NEWW Treatment PlantDebtService(60%-2O0S S
20t»TWOS 4 2006 CO's)1.004.022 -1.201.581 •1.201.581 1.201.581 .1.302.255 ;1.302255
West DistrictPlant Expansion Debt Service •(SOW•
2008 CO*s)1.132:001 -1.002.666 .1.002.966 1.002.966 .1.009.356 ,1.009.356
Hullo Lilt Station I29j)78 70.022 -70.022 '7^00 62.522 62522
BueeesUaayUros .--344.335 344.335 '344.335 . '.
ArnerlporlWaterfine
Subtotal
Parke Project*
50 24.950 •1.307 26.257 '26.257 .
2.326.951 752.627 2.304.547 -3.057.174 2.582.639 474.535 2.411.011 1 2.886.146
•AquaticsMatter Plan Phase 1&2 Construction (OeM
SveonSBmm)437.4BB .427.736 -427.738 427.738 .437.686 ;437.888
Peato*Bay Waterpark Eipomlon (Debt Service on '
(
»55mm)399288 712 376.563 •377.275 377.275 .375.529 375529
BaytownSports leogue Improvements 13.113 [63.032,113.188 .176.21B 176218 .100.000 100,000
BaytownNaJuieCenler Enttywayand Misc.
Improvements 17.361 20.613 20.813
-••
Goose Creek Stream -Tract.Docks and Picnic Shelters -135.239 •-135239 -..
MUNICIPALDEVELOPMENT DISTRICT (MDD)PROGRAMFUNDBUDGETSUMMARYforFiscalYear2014-1StotalNewTotalActualCany-forwardAdoptedAdjustmentsjAllacatlon ,EstimatedCany-forwardAllocationAllocation20t2-132012-132013-142013.14i2013-14'2013-142013-142014-152014-15iGooseCreekTrailPhasesVandVI..500000500.000300.000200.000200.0001GooseCieekTrail- Phase VI----3ISJOO0315.000LandAcquisition- FutureParks•173.13950.000223.139-223.139]SO.DO0273.139SportsComplex(Parking.FieldsandUghtino)199.629 .3.04150.000'53.04153.041lEastRoadGatsFields-LightingandWiring.---575.000575.000•Peflyand CentrallittleleagueParks25.000.•,25.00025.000-GLO/CMP Grant Match (TabbsBoy)107.973-I•'66.40066.400TabbsBayCleanup•100.000100.000j09558,iBesketboSCourtCover-NCFoete4MeEtoy58.423----EddieHuronPartiPhasea6ID171.8023.108-3.1081.671-CityHffllCourtyardImprovements Phase1&014.61027,384- j27.36427564tMedianBeautrficeUonCrew119.3466S2128.800120.432120.452i110500110.500CommunrryServiceSupervisor--62.10082.100;40.00042.10Cj772O0110.300,RoselandPomImprovements93.3801.620'100.250101.670101.8701-RoselandLocomobvoImprovernenU59825,59.62559.625f(42.O0C-RoselandSpray PerkRenovations--•;-42.000Specia)Need*Playground•---;25.O0C25.000Jenkins/MoSowayPorkImprovements-98.63298.63298.632iGoosoCreekParkimprovements•52.71552,71532.7151HulloGieenwayMedian(500.000••(•JenkinsParkDiscGolf23.0131.987'-1.0871.826iABonbrookParkImprovements-111.960111.900111.960.!KayakLaunch-2500025.00025.0001IrrigationSystemlorSoccerFields2953510.465--,-iWeEAndsCenterImprovementsSubtolal1299--• .•t"2.191.368441.2622.301.7692.732.5662.109.60546S.23S| 2.104.5172.659.756TotalMDDProjectsOtherProtectAdrmtttstrabonandOverhead5260.0664.531.9648.05527310.576.7725.747.2954596,281.0.12008!10.716272300.000300.000300.000300.000300:00C300.000Unforeseen/NowIn&auvcsSubtotal.502.021.502.021-502.021502.021300.000502.021300.000602.021300.000502.021300.00C802.021TotalMDDEipenditure*Revenue*over(undor)espense*5580.0685.033,965'6.35527311.376.793'0.047.2955.101.30!0.420.08!11521593(80.010)(5.033,965)(654.323)(5.877.643)(437.525)(5.101508)'(635585)'(5.767.193)EndingworkingcapitalDEBTSERVICEPAYMENTRECAP56.407.47651.373.491S519.168I-'S529,633'55.969.951$868.643' S202.7SCS202.758iAquaticsMasterPlanPhase 1&2Consbuctnn(DebtSvconJOmm)437.483427.738427.738427.738437.66E437.668Pirate*Bay Expansion (DebtSvcon555mm)400.000376.563376563376.563375521375526StateIrrlrostructuieBankLoonRepaymentDeckerDrtol48Soutneyover(»lmm)148.957146.957146.957148.957148.957146.957JNEWWTreatmentPlantDebtService(60*-200542006TWDBS2008CO'»)1.199.0791.201.5811.201.5811.201.5611.3022551.302255WestDistrictPlant Expansion DebtService•(50*•2008CO's)TotalDebtServicePayments097.6441.002.9661.002.9061.002.0661.009.3501.009550S3.163566SS3.167505S3.167505S3,157505t3273.981S3273585
SUPPLEMENTAL INFORMATION
INCLUDED FOR PLANNING
PURPOSES
12
MUNICIPAL DEVELOPMENT DISTRICT(MDD)PROGRAM FUND
BUDGET SUMMARY -PROJECTED WORKING CAPITAL
Fiscal Year 2014-15 Estimated revenue growth (or projected yean:1.6%
Rev thru FV13 Cany.Adjusted Total Estimated New Total
Current forward AttocaUon Allocation Expenditure*Carry-forward Allocation Allocation Projected Projected Projected Projected Projected
Expenditure*2012-13 2013.14 2013-14 2013.14 2013-14 2014-15 2014-15 2016-16 2016-17 2017-18 2016-19 2019.20
Begjpbing working capital S S 6.407.476 S 1.714.098 S 6.407.476 S 6.407.476 I 5.969.951 $866.643 S 5.969.9S1 5 202.758 S 311.944 S 884.306 »1.S67.7S1 5 2.323.143
Revenues
Sales Trues 38.216.835 -5.441.000 5.441.000 S.S49.820 -5.700.000 5.700.000 S.766.000 5573.000 5.961.000 6.050.000 6.141.000
Interest on Investments 1.352.408 -5.000 5.000 5.000 -6.000 6.000 6.000 6.000 6.000 6.000 6.000
Contributions &Miscellaneous
Total MDD Revenues
Expenditures
247.410 -46.950 54.950 54.950 -48200 48.200 20.000 20.000 20.000 20.000 20.000
39.B16.6S3 -5492.950 5.500.950 5.609.770 -5.754200 5.754.200 S 612.000 5.899.000 5.987.000 6.076.000 6.167.000
Economic Dovotopment Project*
Development of New and Expansionof Existing
Businesses and Industry 1.099.496 2B3.425 250.000 533.425 7.858 525.567 150.000 67S.S67 300.000 300.000 300.000 300.000 300.000
Earn Development Foundation -Basic Economic
Development Services 1.300.000 -200.000 200.000 200.000 -250.000 250.000 200,000 200.000 200.000 200.000 200.000
Eccn Development Foundation - Special Economic
Development Projects 306.554 224,747 100,000 324.747 30.000 294.747 100.000 394.747 100.000 100,000 100.000 100.000 100.000
Econ Development Foundation - Special Economic
Development Projects-SBRLF 1D0.000 110.000 •110.000 -110.000 -110.000
PropertyAcquJsrtlon forEconomicDevelopment 621.197 423.976 100.000 523.976 454 523.522 100.000 623.522 100.000 100.000 300.000 300.000 300.000
Oowmown Redevelopment Assistance -Boyiown
Unto Theater -500.000 -
500.000
-500.000 •500.000 ----.
Morketing Plan Update
•35.000 -35.000 31.101 -......B
Unrfted land Developmerri Coda
Subtotal
Street*,Onfnage,SMewalka ft SfgnmUiationProject
37.500 15.000 -15.000 •-•--....
3.466.747 I.S92.14B 650.000 2.242,148 269.413 1.653.836 600.000 2.553,636 700.000 700.000 900.000 900.000 900.000
3
Baker Road Extension - Land Acquisition 113.792 98.710 (98.710)•--•-•---_
Lend AcquisitionforNew Thoroughfares -713.000 198.710 911.710 -911.710 100.000 1.011.710 100.000 100.000 100.000 100.000 100.000
—City Gateway Project ••350.000 350.000 350.000 -150.000 150.000 350.000 .•-.
North f&tnfAlexander Signal Synchronization 780.778 53.609 -53.609 •-----...
Slate Infrastructure Bank Loan Repayment Decker
Drto 146South flyover ^J1mm)44G.914 -148.957 148.957 148.957 •148.957 t48.9S7 149.000 149.000 ---
Texas Avenue Streetscape and Town Square
Project 305243 264.967 500.000 764.957 -764.987 500.000 1.264.967 150.000 150.000 150.000 150.000 150.000
Downtown Quiet Zone -350.000 1350.000)----..
Signal -146 Northand t-10 West 22247 252.753 -252.753 223.753 29.000 29.000 ..
Signal- Huttoend RotUngbrook 4,600 5.200 50.000 55.200 55.200 •-..
Texas Avenue -GrantProject 1.076.125 --•---..
Thoroughfare Master Plan t23 346 •-•---.-
Garth Road Traffic Engineering
Subtotal
(AHttvProyacu
10032 7.668 7.668 7.668 15.000 15.000 -.
2.883,277 1,745.907 798.957 2.544.664 785.578 1.705.677 913.857 2.619.634 749.000 399.000 250.000 250.000 250.000
Economic Dew.Cost Shan with Developers to
UpsfccNewUtBdies 26.083 657.655 (245.642)412.0t3 -412,013 100.000 512.013 150.000 150.000 150.000 150.000 150.000
NE WW Treolmetf Plant Debt Service (60%-2005
&2006 TWOS ft 2006 CO-i)6.067.560 -1.201561 1201561 1.201,581 •1.302.255 t.302.25S 1.201.581 1208,315 1.214.694 1.218.123 1.225,217
West DistrictPtani Expansion Ocb)Service -(50*-
2008 CO*t)3202.146 -1.002.966 1.002.966 1.002.966 •1.009.356 1.009.356 1.002.966 1.009.356 1.014.619 1.021.055 1.028271
Hutto LB Station 129.978 70.022 -70.022 7.500 62.522 -62.522 --...
Bucees Utilitylines --344.335 344,335 344.335 •---..-.
AtTteriporl Walertme
Subtotal
Park*Projects
50 24.950 1.307 26257 26.257 •-----..
9.425.837 752.627 2.304,547 3.057.174 2.582.639 474.535 2.411.611 2.888,146 2,354.547 2.367.671 !2279.313 2.369.178 2.401.488
Aquatics Master Plan Phase 14 2 Construction
(DebtSvcon Mom)522.948 -427.738 427.738 427.738 -437.888 437.888 427.738 437.888 426.713 434.138 4262438
PiratesBayWaterparkExpansion- DebtService on
55 5mm 399266 712 376.563 377.275 377275 -375.529 375.529 375.529 376.070 376.529 376.292 373.554
BaytownSport*League Improvements 450,128 63.032 113,166 176216 176,218 -100.000 100.000 25.000 25.000,25000 25.000 25.000
BaytownNatureCenter EnUywayand Misc,
Unprovtrriems 965.449 20.813
-20.813 •---.---•
•
MUNICIPAL DEVELOPMENT DISTRICT (MDD)PROGRAM FUND
BUDGET SUMMARY -PROJECTED WORKING CAPITAL
Fiscal Year 2014-15 Estimated revenue growth lor projected years:15%
RovlhruFYU Carry Adjusted Total estimated M#w Total
Currant forward Allocation Allocation Expenditure*Carryforward Allocation Allocation Projected Projected Projected Projected Projected
Expenditures 2012.13 2013-14 2013-14 2013-14 2013-14 2014-15 2014-15 2019-16 2016-17 2017-18 2016-19 2019-20
Goose Creek Stream •Trails,Docks and Picnic
Shetlsrt 31.027 135.239 -135.239 •-.
Goosa Creek Trail Phases V and VI -•500.000 500.000 300.000 200.000 315.000 515.000 350.000 300.000 300.000 300.000 300.000
Land Acquisition • Future Parks 34.942 173.139 50.000 223.139 -223,135 50.000 273.139 50.000 50.000 50.000 50.000 50.000
SportsComplex (Parking,Fields and lighting)573596 3.041 50,000 53.041 53.041 -125.000 125.030 .
East Road GHs Fields -Lightingand Wiring -----575.000 57S.O0O .,
Sproygtounds (not specific)249.259 -••--50.000 50.000
.
PeBy and Central Little League Parks •-25.O0O 25.000 25.000 •..
GLO1 CMP Grant Match t07,973 ----66.400 66.400 54.000 54,000 54,000 54.000 54.000
Tabbs BayCleanup •-100.000 100.000 99.858 -
Basketball CourtCover - NC Foote ft McEtroy 58.423 ---••..
Eddie Huron Park Phase It 6 til 171.802 3.168 -3.198 1,871 -._
Crty Kan CourtyardImprovements Phase 1&II 14.616 27.384 -272M 27.364 -m
Median Beauuneation Crew 119.348 652 128.800 129.452 129.452 110,500 110.500 120.000 120.000 120.000 120.000 120.000
CommunityService Supervisor --82.100 82.100 40.000 42.10C 77,200 119.300 72.000 72.000 72.000 72,000 72.000
Roseland Park Improvements 06.360 1.620 100.250 101.870 101,B70 -
Roseland Locomotive Improvements -59.825 59.625 59.625 -
Roseland Spray Park Renovations ----42.000 42.00C
Special Needs Playground ----25.000 25.000
Jenkins / HoSowayPark Improvements -98.632 96.632 98.632 -
Goose Creek Park Improvements -52.715 52.715 52.715 -
HulloGreenway Median 500,000 -•--
Jenkins Park Disc Golf 23,013 1.987 -\1.987 1,826 -
Alenbrook Park Improvements -111.960 111.960 111.960 -
Kayak Launch -25.000 25.000 25.000 -
Irrigation System for Soccer Fields 29.535 t0.465 -•--
Wetlands Center improvements
Subtotal
1.399 --•--.
4.351526 441.282 2.301.769 2.732,588 2.109.665 465239 2.194.517 2.659.756 1.599,267 1.559.967 1,474,242 1,481.430 1.420.892
Tola)MDD projects
Other
ProjectAdministrationand Overhead
20.127.387 4.531.964 6.055273 10.576.772 5.747.295 4.599.281 6.120.085 10,719.372 5.402.814 S.026.63S 5003,555 5.020.608 4.972.380
1.767.500 300.000 300,000 300.000 300.000 300.00C 300.000 300.000 '300.000 300,000 300.000
UnfoteseerVNew Initiatives
Subtotal
Total MOO Expenditures
Revenues over (under)expenditures
22.704 502.021 •502.021 -502.021 502,021 .._
1.810.204 502.021 300.000 602.021 300.000 502.02 300.000 802.02 300,001 300.000 300.000 300.000 300.000
1 _.-..-.,_
21.937.591 5.033.935 6.355273 11.378.793 6.047.295 5.101.308 6.420.085 11.521.393 5.702,81-5.326.636 5,303.555 5.320.608 5.272.380
17.879.062 (5.033.985)(662.323)(5.BT7.B43)(437.525)(5.101,308)(665.685)(5.767.193)109.186 572.362 663,445 755.392 894.620
Ending working capital S 17.879.062 $1 373.491 $851.775 S 529633 %5.968.951 S 666.643 S 202.758 S 202.756 S 311.944 S 684 306 S 1.567.751 S 2.323.143 S 3217.763
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
NE WW Treatment -$13,370,000 - W&S Issue
Certificate of Obligation •TWDB (MDD portlon-60%)Issue 1 of 2 $
ISeries 2005 Date of Issue March 1,2005-Refund $2,241,204 as of Feb Term - 20 Years
Balance ofTotal
Interest
Total Debt
for Fiscal Yr
3,516,310
3Fiscal
Year
2006
2007
2008
2009
2010
2011
2012
2013
2014
Interest
Rate
135%
155%
1 65%
180%
2 05%
2 25%
2 40%
2 55%
2 65%
Principal
Due 2/01
98,625
105,200
110.460
117.035
123,610
130.185
138.075
145.965
153 855
99.219
97.738
73,009
71,088
68 927
86.995
85,873
82.355
78.456
197.844
202.938
183,469
188.123
192.537
219180
223,948
228,320
232.311
Principal
3.417,685
3,312.485
3,202.025
3,084.990
2,961.380
2.831,195
2693,120
2,547.155
2.393.300
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2 75%
2 90%
2 95%
3 00%
3 10%
3 15%
2 00%
3 30%
3 35%
3 45%
3 50%
163 060
172 265
181,470
191.990
202510
214.345
226.160
239,330
252.480
266.945
282,725
74.175
69.435
64 261
58,656
52,589
46.075
39 080
31512
23,334
14.500
4.948
3.516 310 S 1.224.226 S
237.235
241.700
245 731
250.646
255.099
260,420
265.260
270.842
275.814
281.445
287.673
4.740.536
NE WW Treatment -$12,230,000 -W&S Issue
Certificate of Obligation -(MDD portion-60%)$
ISeries 2006A Date of Issue -Feb 9,2006-Refund $2.221,633 as of Feb 1,2015
Fiscal Interest Principal Total Total Debt Balance of
Year Rate Due 2701 Interest for Fiscal Yr Prinemal
2,230.240 |
2.057.975
1.876.505
1.684,515
1.482,005
1.267.660
1,041,480
802.150
549.670
282,725
3,321,586
2007 5875%S 51.603 S 212,562 5 264.165 S 3269.983
2008 5875%111 353 144.811 256,164 3.158.630
2009 5875%116 785 138.109 254.894 3.041.845
2010 5.875%122217 131.089 253.306 2.919.628
2011 5875%127 649 123.749 251.398 2.791,979
2012 5 875%133,081 116 090 249 171 2.658.898
2013 4 375%139,871 109.121 248 992 2,519.027
2014 3875%145.302 55,978 201.280 2.373.725
2015 3 875%152.092 2.947 155.039 2.221.633
2015 3 875%2.221.633 -2.221.633 .
S 3.321.586 $1.034.456 $4.356.042
15
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
NE WW Treatment - $19,700,000-W&S Issue
Certificate of Obligation -TWDB (MDD portion-60%)Issue 2 oil $
Ter
10,370.133
ISeries 2006B Dateof Issue - May1 2006 m - 20 Years |
Fiscal Interest Principal Total Total Debt Balance of
Year Rate Due 2/01 Interest for Fiscal Yr Principal
2007 5500%S 313.210 S 405618 S 718,828 S 10.056.923
2008 5 500%394.802 326.865 721.667 9.662.121
2009 5 500%405.330 315.863 721.193 9 256.791
2010 5 500%415.858 304 468 720.326 8.840.933
2011 5 500%429.018 292.532 721.550 8.411.915
2012 5 500%442,178 279.896 722.074 7.969.737
2013 5 500%455.338 266,430 721.768 7.514.399
2014 5.500%468.498 252.224 720.722 7.045.901
I 2015 5 500%484.290 237.214 721.504 6.561.611
2016 5 500%500 083 221.339 721.422 6.061.528
2017 5 500%515,875 204 700 720.575 5,545.653
2018 5500%534.299 187.239 721.538 5.011.354
2019 5 500%552.723 168.894 721.617 4,458.631
2020 5 500%571.147 149.645 720.792 3.887.484
2021 5 500%592 203 129.429 721.632 3.295.281
2022 5 500%613.259 108.334 721,593 2.682.022
2023 5 500%634.315 86.184 720.499 2.047,707
2024 5 500%658.003 62 922 720.925 1.389.704
2025 5 500%681.691 38 637 720.328 708.013
2026 5 500%708.013 13.098 721.111 .
S 10370133 S 4.051.531 S 14.421,664
West District Plant Expansion •$29,500,000 •W&S Issue
Certificate of Obligation --MDD Portion $13,860,814
(Series 2008 Date of Issue -February 15.2008 Term -20 Years I
Fiscal Interest Principal Total Total Debt Balance of
Year Rate Due 2/1 Interest for Fiscal Yr Principal
2008 S -$262.640 $262.640 $13.860.814
2009 4 000%413.475 561.311 974.786 13.447.339
2010 4 000%434,619 544.349 978.968 13.012 720
2011 3 500%458112 527,640 985,752 12.554.608
2012 3 500%479 255 511,236 990.491 12.075.353
2013 4 000%505,097 492747 997.844 11.570,256
2014 4 000%530.940 472.026 1.002.966 11.039.316
2015 4 000%559.131 450.225 1.009.356 10.480.185 I
2016 4 000%587,323 427.296 1,014.619 9.892.862
2017 4 000%617.863 403.192 1.021.055 9.274.999
2018 4 000%648.404 377.867 1.026 271 8626,595
2019 4 000%681.294 351.273 1.032.567 7.945,301
2020 4 000%716.534 323 316 1.039.850 7.228,767
2021 4 000%754.122 293 903 1.048 025 6,474.645
2022 4 000%791.711 262 987 1 054 698 5.682.934
2023 4 125%831.649 230 000 1061 649 4.851.285
2024 4 250%876 285 194.226 1.070 511 3.975.000
2025 4 250%920 922 156,035 1.076 957 3,054.078
2026 4 400%967 908 115172 1.083.080 2,086170
2027 4 500%1.017.243 70 990 1.088 233 1.068 927
2028 4 500%1.068.927 24.051 1.092 978 .
S 13.860.814 $7.052.483 S 20.913,297
16
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
Decker Dr to 146 Flyover -$1,000,000 - MDD Issue
Texas State Infrastructure Bank Loan $1,000,000
Series 2008 Date of Issue •September 13.2007 Term - 8 Years
Fiscal Interest Principal Total Total Debt Balance of
Year Rate Due 4/15 Interest for Fiscal Yr Principal
2009 4 07%$108,257 S 40.700 S 148.957 $891,743
2010 4 07%112,664 36.294 148,957 779.079
2011 4 07%117,249 31.709 148.957 661.830
2012 4 07%122 021 26.936 148.957 539.809
2013 4.07%126 987 21.970 148 957 412.822
2014 4 07%132.156 16.802 148 957 280.666
2015 4 07%137.534 11.423 148.957 143.132 I
2016 4 07%143,132 5.825 148.957
10,0
-
$1.000,000 $191.660 S 1.191.659
Aquatics Master Plan &Construction • $00,000 -GOIS
Certificates of Obligation -Combined Tax &Revenue •Aquatics Portion $6,030,000
Series 2010 Date of Issue -February 1,2010 Term -20 Years
Fiscal Interest Principal Total Total Debt Balance of
Year Rate Due 2/1 Interest for Fiscal Yr Principal
2010 $-$84635 S 84.635 S 6.030.000
2011 100%235.000 203.313 438,313 5.795.000
2012 1.00%225,000 201.013 426,013 5 570.000
2013 2 00%240,000 197.488 437,488 5.330.000
2014 2 00%235.000 192.738 427,738 5.095.000
I 2015 2 00%250.000 187.888 437.888 4.845.000 |
2016 3 00%245,000 181,713 426 713 4.600.000
2017 300%260.000 174,138 434,138 4.340.000
2018 3 00%260.000 166.338 426.338 4.080.000
2019 3 50%260 000 157,538 437.538 3,800.000
2020 3 50%280 000 147,737 427,737 3.520,000
2021 3 50%295.000 137.674 432,674 3.225.000
2022 3 63%300.000 127.074 427,074 2.925.000
2023 3 75%320.000 115.637 435.637 2.605.000
2024 4 00%325.000 103,137 428.137 2.280.000
2025 4 00%345 000 89,737 434 737 1.935.000
2026 4 13%350.000 75619 425.619 1.585.000
2027 4 25%375 000 60431 435431 1.210.000
2026 4 25%380 000 44 387 424,387 830.000
2029 4 38%410000 27.344 437.344 420.000
2030 4 38%420 000 9187 429.187 .
$6.030.000 $2.684.766 S 8.714.766
17
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
W&S Projects-$16,500,000 -COs
Certificates of Obligation •Combined Tax &Revenue -Aquatics Portion $5,500,000
Series 2013 Date of Issue -March 26,2013 Term -20 Years
Fiscal Interest Principal Total Total Debt Balance of
Year Rate Due 2/1 Interest for Fiscal Yr Principal
2013 S -S 44,117 S 44.117 5.500.000
2014 2 00%216.667 159.896 376.563 5.283.333
2015 2 00%220.000 155.529 375,529 5.063.333 |
2016 2 00%225.000 151.079 376,079 4,838.333
2017 2 00%230.000 146.529 376,529 4.608.333
2018 2 50%235 000 141.292 376.292 4.373.333
2019 4 00%240 000 133,554 373.554 4,133.333
2020 4 00%243.333 123.888 367.221 3.890.000
2021 4 00%248.333 114,054 362.387 3.641.667
2022 2 50%255.000 105.900 360.900 3.386.667
2023 2 50%263.333 99 421 362.754 3.123,334
2024 2 50%270.000 92754 362,754 2,853.334
2025 2 63%280 000 85 704 365.704 2.573.334
2026 3 00%286 667 77,729 364.396 2.286,667
2027 3 00%295.000 69.004 364 004 1.991.667
2028 3 13%305.000 59.814 364,814 1.686.667
2029 3 13%315.000 50.126 365.126 1.371,667
2030 3 25%325.000 39 923 364.923 1.046.667
2031 3 25%336.667 29.171 365,836 710.000
2032 3 30%350.000 17.925 367.925 360.000
2033 3 38%360 000 6.075 366.075 -
S 5.500.000 S 1,903.484 S 7.403.484
18
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
W&S Projects-Northeast WW Treatment
GO &Refunding -(Refunding Comb Tax &Rev COs Series 2006A)
Plant
$2,100,283
Series 2014 Date of Issue -April 1„2014 Term -20 Years
Fiscal
Year
Interest
Rate
Principal
Due 2/1
Total
Interest
Total Debt
for Fiscal Yr
Balance of
Principal
2014 S 21,885 S 21,885 S 2.100,283
2015 2 00%S 115.291 73.186 188.477 1.984.992 |
2016 3 00%174.064 69.434 243.498 1.810,928
2017 300%152 720 64 532 217.252 1,658.208
2018 300%135 056 60.216 195 272 1,523.152
2019 3 00%140 208 56 087 196 295 1.332 944
2020 4 00%145728 51.069 196.797 1.237.216
2021 4 00%130.272 45,549 175.821 1.106.944
2022 4 00%135.792 40,228 176,020 971,152
2023 4 00%142 048 34.671 176,719 829.104
2024 4 00%148.304 28.864 177.168 680.800
2025 4 00%154.560 22.807 177.367 526.240
2026 4 00%131.744 17.081 148,825 394.496
2027 3 25%43.424 13 740 57,164 351.072
2028 3 38%44.896 12277 57.173 306.176
2029 3 50%46.368 10 708 57.076 259.808
2030 3 50%48 208 9 053 57.261 211.600
2031 3 75%50.048 7271 57.319 161.552
2032 3 75%51.888 5359 57.247 109.664
2033 4 00%53.728 3312 57.040 55.936
2034 4 00%55.936 1.119 57.055 -
2 100.283 S 648.448 S 2.748.731
19