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2010 08 05 MDD MinutesMINUTES OF THE REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT August 05,2010 The Board of Directors of the Baytown Municipal Development District (MDD)met in a Regular Meeting on Thursday,August 05,2010,at 4:32 P.M.in the Council Chamber of the Baytown City Hall,2401 Market Street,Baytown,Texas with the following in attendance: Reggie Brewer Brandon Capetillo Mary Hernandez Ruben Linares David McCartney Mercedes Renteria Terry Sain Vacancy Stephen DonCarlos Garrison C.Brumback Bob Leiper Ignacio Ramirez,Sr. Kevin Trailer Leticia Garza Director Director Director Director Director Director Director Director President General Manager Deputy General Manager General Counsel Assistant General Manager Assistant Secretary Director Sheley and Director Caskey were absent from the August 05,2010 MDD Regular Meeting. President DonCarlos convened the August 05,2010,MDD Regular Meeting with a quorum present at 4:32 P.M. 1.MINUTES a.Approve the Minutes of the Baytown Municipal Development District (MDD)Board Regular Meeting held on July 01,2010. A motion was made by Director Brewer,seconded by DirectorRenteria approving the minutes from the July 01,2010,Municipal Development District (MDD)Board Regular Meeting.The vote was as follows: Ayes:Directors:Brewer,Capetillo,Hernandez,Linares, McCartney,Renteria,Sain,and President DonCarlos Nays:None Page 2of 5 Minutes of the August 05,2010 MDD Board Regular Meeting The motion passed. 2.PUBLIC HEARING a.Conduct Public Hearing for the Baytown Municipal Development District 2010-11 Proposed Budget -Finance. At 4:34 P.M.,President DonCarlos opened a public hearing concerning the Baytown Municipal Development District's 2010-2011 proposed budget. With there being no on registered to speak,President DonCarlos closed the public hearing at 4:37 P.M. Council requested that staff add the word "Baytown"to the title page of the budget document to read the Baytown Municipal Development District. 3.PROPOSED RESOLUTIONS a.Adopt the Baytown Municipal Development District 2010-11 Proposed Budget -Finance. Resolution No.148 adopts the Baytown Municipal Development District 2010-11 proposed budget. A motion was made by Director Linares,seconded by Director McCartney approving Resolution No.148.The vote was as follows: Ayes:Directors:Brewer,Capetillo,Hernandez,Linares, McCartney,Renteria,Sain,and President DonCarlos Nays:None The motion passed. RESOLUTION NO.148 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FORTHE ENSUING FISCAL YEAR,BEGINNING OCTOBER 1,2010,AND ENDING SEPTEMBER 30,2011;AND PROVIDING FORTHE EFFECTIVE DATE THEREOF. Page 3 of 5 Minutesof the August 05,2010 MDD Board Regular Meeting b.Request for Installation of Sprinkler System at 700 W.Texas Avenue - Planning and Development Services. Resolution No.149 grantsthe request of Goose Creek IH 1,LLC,for funding of up to $42,000 for the installation of a sprinkler system in a building at 700 W.Texas Avenue to support a downtown revitalization development project.The Baytown Municipal Development District (the "MDD")and the City of Baytown (the "City")partnered with a private developer,Goose Creek IH 1,LLC,to retrofit and rehabilitate a downtown building for mixed-use development as a part ofa downtown revitalization development project.The City approved the following agreements with Goose Creek IH 1,LLC: 1.an Economic Development Agreement,which entailed the purchase of the building at 700 W.Texas along with the lease of the same to Goose Creek IH 1, LLC,and 2.a Downtown Facade Improvement Agreement with said developer. The now-lessee Goose Creek IH 1,LLC,applied for building permits to rehabilitate and reconstruct the building for mixed-use development.The lessee is not sufficiently funded to install a sprinkler system in the building to the requirements of the Fire Code and International Building Code,and therefore,requests that the Baytown Municipal Development District authorize a grant in an amount of $42,000 to pay for the entire cost of the installation of sprinklers in the building located at 700 W.Texas.The MDD is authorized to expend such funds if the Board of Directors finds that the expenditure will promote new or expanded business development in the District. Director Brewer inquired about any amount being included for the sprinkler system in the original cost estimate. Mr.Chris Presley stated thatin the original budget an approximate amount of $25,000 to $30,000 was included for apartments only,which is in the budget,but ordinances calls for the parking area and the atrium to have a sprinkler system also. A motion was made by Director Renteria,seconded by Director McCartney approving Resolution No.149.The vote was as follows: Ayes:Directors:Brewer,Capetillo,Hernandez,Linares, McCartney,Renteria,Sain,and President DonCarlos Nays:None The motion passed. Page 4of 5 Minutes of the August 05,2010 MDD Board Regular Meeting RESOLUTION NO.149 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT GRANTING THE REQUEST OF GOOSE CREEK IH 1,LLC,TO FUND A GRANT OF UP TO FORTY-TWO THOUSAND AND NO/100 DOLLARS ($42,000.00)FOR THE INSTALLATION OF A SPRINKLER SYSTEM IN A BUILDING AT 700 W.TEXAS AVENUE TO SUPPORT A DOWNTOWN REVITALIZATION DEVELOPMENT PROJECT;AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. 4.BUSINESS ITEMS a.Election of Officers -Assistant Secretary. Mayor DonCarlos presented the agenda item to consider the election of officers for President,Vice President,and Secretary;and the appointment of an Assistant Secretary. The newly elected officials,and appointee,will serve a one year term from September 01,2010 to August 31,2011. Director Sain nominated Stephen DonCarlos as President,Director Capetillo as Vice President,Director Brewer asSecretary,and the City Clerk as theAssistant Secretary. A motion was made by Director Sain,seconded by Director McCartney approving Director DonCarlos as the President,Director Capetillo as the Vice-President,Director Brewer as the Secretary,and the City Clerk asthe Assistant Secretary.The vote was as follows: Ayes:Directors:Brewer,Capetillo,Hernandez,Linares, McCartney,Renteria,Sain,and President DonCarlos Nays:None The motion passed. 5.MANAGER'S REPORTS a.Quarterly Investment Report for Period Ending June 30,2010 -Finance. City Manager,Garry Brumback presented the agenda item to receive the Baytown Municipal Development District's Quarterly Investment Report for the period ending June 30,2010. Page 5 of 5 Minutes of the August 05,2010 MDD Board Regular Meeting Finance Director,CynthiaPearson presented the Baytown Municipal Development District's Investment Report for the quarter ending June 30,2010 and stated that the present market value for the MDD Board is $6.9 million and the interest rate is .2%with current year to date interest earnings of $8,900. b.Receive Quarterly Sales Tax Report -Finance. Finance Director,Cynthia Pearson presented the Baytown Municipal Development District quarterly sales tax report and slated that a detailed graphof the sales tax was submitted for viewing. 6.ADJOURN A motion was made by Director Hernandez,seconded by Director Renteria adjourning the August 05,2010,MDD Board Regular Meeting.The vote was asfollows: Ayes:Directors:Brewer,Capetillo,Hernandez,Linares, McCartney,Renteria,Sain,and President DonCarlos Nays:None The motion passed. President DonCarlos adjourned the MDD Board Regular Meeting on August 05,2010,at 5:23 P.M.