FY 07-08 MDD Adopted BudgetMUNICIPAL DEVELOPMENT
DISTRICT (MDD)
2007 -08
ADOPTED PROJECTS BUDGET
FISCAL YEAR ENDING
SEPTEMBER 30, 2008
August 2, 2007
Robert D. Leiper
Ignacio Ramirez
Rhonda L. Young
Lorri Coody
Interim General Manager
General Counsel
Finance Officer
Assistant Secretary
BAYTOWN MUNICIPAL
DEVELOPMENT DISTRICT
MEMBERS
STEPHEN H. DONCARLOS, President
SCOTT SHELEY, Vice President
REGGIE BREWER, Secretary
KITTY ALLEN
BRANDON CAPETI LLO
LYNN A. CASKEY II
LISA GUY
DON MURRAY
TERRY SAIN
LENA R. YEPEZ
BAYTO"N
t
in
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
S
August 2, 2007
President and Members of the
Municipal Development District Board
Enclosed you will find the adopted 2007 -2008 budget for the Baytown Municipal
Development District (MDD). Listed below are the highlights of revenues and
expenditures.
Revenues — sales tax revenue is projected at $4,001,400 and is based on a four
percent (4 %) projected increase over the current year estimated collections. Along with
interest income, total revenues for 2007 -2008 are projected at $4,376,400.
Expenditures - the MDD has several projects underway that will play a significant role
in the economic development and quality of life in the City. These projects for 2007-
2008 are listed under one of the following three (3) priorities:
o Priority: Projects or expenditures designed to promote new or expanded
business activity that create or retain primary jobs:
➢ Economic Development Foundation — Basic Service
➢ Economic Development Foundation — Special Projects
➢ Development of New and Expansion of Existing Businesses and Industry
Priority: Projects which provide infrastructure for economic development:
➢ Land Acquisition for New Thoroughfares
State Infrastructure Bank Loan Repayment— Decker Drive Main Lanes
➢ State Infrastructure Bank Proposed Loan Repayment— Decker Drive to
Highway 146 South flyover
➢ Texas Avenue Streetscape Project
• Cost Share with Developers for Upsizing Utilities
• Northeast Wastewater Treatment Plant (60% share of design and
construction)
• Utilities - North Main from Cedar Bayou- Lynchburg to Wallisville Road
• West District Plant Expansion Design (60% share of design; 50% share of
construction)
• Transportation Master Plan (50% share of the first phase of the study;
remaining 50% funded by the City of Baytown General Fund)
Priority., Projects that improve a community's quality of life, including
parks, athletic facilities, etc:
➢ Aquatic Master Plan Implementation: Engineering, Design and Construction
➢ Art and Cultural Center— property acquisition
• Baytown Nature Center Entryway and Miscellaneous Improvements
• Baytown Little League Improvements
• Land Acquisition — Future Parks
Additional narrative on each of the foregoing projects is included in the enclosed "Major
Budget Issues" section of the budget packet.
Project administration costs of $150,000 are included for administrative support of the
MDD. Contingency funding is included in the amount of $375,000. This contingency
provides flexibility to allow the Board to utilize MDD funds to secure federal, state and
local grant funds when available to enhance and expand the impact that the MDD's
impact has on the economic development of the community. This contingency also
allows funding for inflationary increases on project cost estimates.
Sincerely,
PDobert. Leiper
Interim General Manager
MUNICIPAL DEVELOPMENT DISTRICT
MAJOR BUDGET ISSUES
Fiscal Year 2007 -08
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 of a sales and use tax at the rate of one -half of one percent for the purpose of
financing economic development projects that provide economic benefit and diversify the
economic base of the community. The board is composed of the Mayor, six council
members and four at -large resident members.
REVENUES - Sales tax is projected at $4,001,400 for fiscal year 2007 -08 and is based
on a four percent (4 %) projected increase over the current year estimated collections.
Interest earnings are projected at $375,000.
EXPENDITURES — As we enter the second five years of the MDD, known as Phase
Two, the projects include economic development improvements in the areas of streets,
drainage, sidewalks; signalization; utilities; and parks. Project administration costs of
$150,000 are included for administrative support of the MDD. In most projects,
construction labor and related costs are charged directly to the projects. The proposed
budget also includes $375,000 for contingency funding.
PROJECTS
Development of New and Expansion of Existing Businesses and Industry
A significant function of this 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. $100,000
Economic Development Foundation — Basic Service
The continued funding for the basic economic development services contract with the
Baytown Area/West Chambers County Economic Development Foundation (EDF).
$200,000
Economic Development Foundation — Special Projects
The current MDD budget includes continued funding for a special projects contract with
the EDF. This contract is approved for renewal on an annual basis. $100,000
Land Acquisition for new Thoroughfares
Funds to purchase right -of -way (ROW) for roadway development or expansion. $100,000
State Infrastructure Bank Loan Repayment — Decker Drive Main Lanes
The MDD financed a $2,500,000 loan from the Texas State Infrastructure Bank (SIB) for
the main lanes of Decker Drive from Highway 146 to 1 -10. The funds were used to
advance the project scheduled by the state. The SIB provides low interest loans to
qualifying projects. Eligible projects must be on the state highway system and be
included in the Statewide Transportation Improvement Plan. Payment six of eight is
included in the 2007 -08 budget. $377,478
State Infrastructure Bank Loan Repayment - Decker Drive to Highway 146 South Flyover
The 2007 -08 budget includes the first year of an eight year loan repayment for a
$1,000,000 loan from the Texas State Infrastructure Bank (SIB) for a proposed Decker
Drive to Highway 146 South flyover project. This funding is necessary, combined with
matching funds proposed in the November 2007 bond election, to allow for completion of
the Decker Drive to Highway 146 South flyover. The current project funding eliminates
the "braided" on and off ramps. The postponement of the construction of these ramps will
impair mobility in the area. The State will match our $2 million contribution to provide the
$4 million necessary to complete all elements of this flyover. Eligible projects must be on
the state highway system and be included in the Statewide Transportation Improvement
Plan. The first payment estimate is included in the 2007 -08 proposed budget. $151,000
Texas Avenue Streetscape Project
The 2007 -08 proposed budget includes continuing funds for either direct expenditures or
match for grants in subsequent years to enhance streets and sidewalks for economic
redevelopment, community identity and beautification in the public right -of -way. The
expenditures may include roadway improvements, utilities, streetlights, trees,
crosswalks, street furniture, landscape plantings, etc. $150,000
Transportation Master Plan
A Transportation Study to evaluate the current and future transportation needs will
include a major Thoroughfare Plan. The Thoroughfare Plan will consist of a two phase
study to be performed in a 2 year time frame. The study will be funded 50% by MDD
and 50% by the City of Baytown General Fund. The current year budget includes
funding for 50% of the year one costs. $75,000
Economic Development Cost Share with Developers
The City will have the ability to upsize utility lines installed by developers to meet future
water and sewer needs for undeveloped areas serviced by the same lines. $50,000
Northeast Wastewater Treatment Plant
The confirmed growth and development within the City necessitated the need for the
design and construction of the Northeast Wastewater Treatment facility. The project is
estimated at $28,500,000 with 60% ($17,100,000) of the funding from the MDD. The
remaining 40% ($11,400,000) will be funded from the Water and Sewer Fund. The
2007 -08 proposed budget includes the current year's principal and interest payment on
20 -year financing. The project is financed by the Texas Water Development Board
(TWDB) loan and Series 2006 Certificates of Obligation. The plant is under construction
and is scheduled to be completed in fiscal year 2008. $1,161,300
Utilities - North Main from Cedar Bayou- Lynchburg to Wallisville Road
This economic development project will extend water and wastewater service along
North Main Street from just north of Cedar Bayou Lynchburg Road to Wallisville Road,
effectively opening up this area for future development. As property owners connect to
this line, they would be required to request voluntary annexation as a condition for tying
on to this service. The initial user of this new service, and an impetus for additional
development in this area, will be the new GCCISD high school under construction at
Wallisville and N. Main. This project is under design and the final design of the northern
section is dependant on the coordination with Harris County on the North Main
expansion and cooperation of the adjacent MUD. The City has issued the Series 2007
Certificates of Obligation to finance the total cost of the project which is estimated at
$4,500,000. MDD will provide 100 % funding for the 20 year debt service. $356,037
West District Plant Expansion Design — 50% of Debt Service for Construction
The design to expand the facility with a new 4.0 million gallon per day (MGD) treatment
facility is underway. This expansion will increase 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 will
issue Series 2008 Certificates of Obligation to finance the total construction costs of the
project which is estimated at $27,600,000. MDD will provide 50% funding for the 20 year
debt service. The 2007 -08 funding amount is an estimate of the first year debt service
requirement. $253,000
Aquatic Master Plan Implementation: Engineering. Design and Construction
The Aquatic Needs Analysis was recently completed to review existing conditions at the
N.C. Foote Pool and the Wayne Gray Sports Complex Pool and make recommendations
for renovations and upgrades. The final report provided information on utilization,
feasibility of construction, and project cost estimates for aquatic facilities. The funding
previously allocated to the N.C. Foote Family Swim Center has been reprogrammed in
the 2006 -07 budget to consolidate the projects. The 2007 -08 budget includes additional
funding to include the Engineering and Design of the resulting recommendation in the
Master Plan. $100,000
Art and Cultural Center
At the June 7, 2007 MDD board meeting, the board requested funding for the possible
acquisition of a building to serve as an Art and Cultural Center. The 2007 -08 budget
includes funding that could be utilized for the purchase of a building. $100,000
Baytown Little League Improvements
The 2007 -08 budget provides continued funding for various improvements at little league
facilities including lighting, concession renovations, press box renovations, and fencing
repairs as needed. $50,000
Baytown Nature Center Entryway and Miscellaneous Improvements
The 2007 -08 budget includes matching funds for possible future grants to construct
additional wetlands, breakwater, and fishing piers. $50,000
Land Acauisition — Future Parks
The project provides funding to acquire future parkland. This is the second year of set -
aside funds to provide a fund balance that would be used as land becomes available.
The funding for 2007 -08 is for land acquisition for Jenkins Park expansion.
$350,000
Skate Park Construction — Unidad Park
The project provides funding to construct a skate park at the Unidad Park location.
Additional funding has been requested from Hams County Commissioner Sylvia Garcia
to allow for the purchase of additional equipment. $300,000
6
Proiect Administration & Overhead
$150,000
Contingency
The contingency set aside is increased $75,000 to reflect the reimbursement from Harris
County Commissioner Sylvia Garcia for a portion of the Jenkins Park Skate Park costs.
$375,000
Total MDD 2007 -2008 Budget
cc
MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND 215
BUDGET SUMMARY
Actual
Transfer Carried - forward Budget
Total
Transfer
Estimated
Carried- forward
Adopted
2005-06
2005-06 2005-06 2006-07
2006-07
2006-07
2006.07
2006-07
2007-08
!"inning working capital S 5.680,435
S - S 7,796,808 S 3.223,149
S 7,796,808
S 7,796,808
S 6,934,621
S 1,788.301
Revenues
Sales Taxes 3,677,343
- - 3,547,000
3,547,000
3,847,510
4,001,400
Ingest on Investments 294,376
- - 276,000
276,000
390,000
375,000
Intergovernmental - CMAO grant for Goose Creek
proiect 4.240
- -
-
Contribution - Gray Center Renovations 7.200
- -
-
Contribution - Jenkins Skate Park
- -
75.000
-
-
Contribution - UPS Lift Station Upso -rig 15,000
- -
Miscellaneous
1,050
Total MDD Revenues 3.998.159
3.823,000
3,823,000
-
4,313.560
4,376,400
Expenditures
Economic Development Projects
Development of New and Expansion of Existing
Businesses and Industry
980,250 100,000
1,080,250
1,080,250
100,000
Econ Development Foundation - Basic Economic
Development Services 100.000
200,000
200,000
200.000
200.000
Econ Development Foundation - Special Economic
Development Projects 17.5001
100,000
100,000
25.000
-
100.000
Unified Land Development Code
37,500
37,500
37,500
Subtotal 117,500
1,017,750 400.000
1,417.750
252,500
1,080.250
400.000
Streets, Drainage, Sidewalks A Si nal/zedon Projects
Garth Road Medan Removal Project
-
200.000
200.000
Garth Roadllndependence Signal (501% of cost)
-
150,000
150,000
Garth Road Signalization Synchronization 6,850
2,000 8,967
8,967
8,967
Land Acquisition for New Thoroughfares
406,419 100,000
506,419
506,419
100.000
North Main/Alexander Signalization 237,425
3,000 186,832 400,000
586.832
586,832
Raccoon Drive Sidewalks 60.000
- - -
-
Sidewalk Projects for Parks
- 77,242
77,242
-
77,242
State Infrastructure Bank Loan Repayment Decker Drive.
Main Lanes 377,478
- - 377,478
377,478
377,478
377,478
State Infrastructure Bank Loan Repayment Decker Drive
to 146 south "er (50% MDD - 50% 11/07 GO Bond
Election)
-
-
151.000
Texas Avenue - Streetscape Project
140.000 140,000 200,000
340,000
45,000
295,000
150,000
Texas Avenue Restri 'ng 21,005
Transportation Master Plan
145.000 819,460 1,077,478
1,896,938
341,033
772,478
_
1,465,493
75,000
853,478
Subtotal 1 702,758
i
Utility Projects
Baker Road/North Main Sanitary Sewer Study &
Construction 112.905
137,272 24,367 1.000,000
1,024,367
1,024,367
Economic Dev. Cost Share with Developers to Upsize
New Utilities -
137,272 982,7281 100.000
1,082,728
1,273
1,081,515
50,000
NE WW Treatment Plant Debt Service (60% - 2005 &
2006 TWOS & 2006 CO's) 197,844
- 1,185,930
1,185,930
1,185,930
1,161,300
N. Main from Cedar Bayou - Lynchburg to Wallisrille
W &S Debt Service • S4.5mm - 2007 CO's 12.093
12,092 375.000 1
375,000
356,037
%0
MUNICIPAL DEVELOPMENT DISTRICT (MOD) PROGRAM FUND 215
BUDGET SUMMARY
i
Actual
I Transfer ! Carried - forward Budget
Total
Transfer
Estimated
Carried - forward
Adopted
2005-08
F 2005-06 20054)6 2006-07
2006-07
2006 -07
2006-07
2006-07
2007 -08
UPS Lift Station Upsizing
15,000
15,000 i
1,213
16,213
-
West District Plant Expansion Design and Debt Service -
(50%- 2008CO's) 196,127
403,873
600,000
1,003,873
1,003,873
Subtotal 518,969
12,092. 1,425,968
3,260,930
4,686,898
2,206,016
2,105,882
Pro ects
400.000
450.000
r253,000
Aquatic Master Plan Implementation: Engineering, nacrd Construction
50.000
50.000
Art and Cultured Center
-
-
100,000
Baytown Little League Improvements 196.200
i 13,800 50,000
63.800
63.800
1 -
50.000
Baytown Nature Center Entryway and Misc.
Improvements 22,508
- ! 4,204 100,000
104,204
104,204
-
50,000
Baytown Nature Center Mill & Overlay 44,306
-
-
Decker Dr. Landscaping Plan 433
-
East Harris County Soccer Sports Complex water
500.000 -
500.000
500,000
East Little League Land Acquisition 6,716
-
Goose Creek Stream, Phase IV (80% Match CMAQ =
$1,089,535) 5,300
289,755
289,755
289,755
Goose Creek Stream - Trails, Docks and Picnic Shelters'.
-
-
Goose Creek West MaintMarket St Project
-
Gray Center Renovations: Girls and Adult Softball
complex 36.985
- 20.327 300,000
320,327
111,635
320,327
Land Acquisition - Future Parks (Jenkins Park in 2008)
61,635 50,000
111,635
350,000
Lighted Bayfmnt Fishing Pier
N.C. Foote Family Swim Center (moved to Aquatics
Master Plan)
400,000
400,000
400.000
Roseland & Central Little League Parking Lot
Construction 78,215
- 3,785 ! -
3.785
3,785
Roseland Park Lighting and Other Improvements
- 60,000
60.000
60.000
-
Roseland Pavilion Air Conditioning 1.896
- -
Skate Park Construction - Jenkins Park
177,637
177,637
-
-
Skate Park Construction - Unidad Park -
-
300,000
Spr rounds not specific)
-
Wetlands Center Annex
-
-
Wetlands Center Improvements (add ACMeating)
105,000
105,000
3,785
108,785
-
-
Subtotal 392.559
998,506
i 1,010,000
2,008,506
177,637
1,784,753
401,390
9501000
Total MDD "acts 1,731,786
157,092 4,261,684
1 5,748,408
10,010,092
518,670
5,025,747
5,053,015
4023,815
1
Other
Project Administration and Overhead 150,000
150,0001
150,000
150,000
150,000
Contingency
157,0921 311,9751 300.0001
611,975
518,670
93,305
375,000
Subtotal i 150,000
157,0921 311,9751 450.0001
761,975
518,670
150,000
93,305
525,000
Total MOD Expenditures 1,881,786
4,573,659 6,198,408
10,772,067
5,175,747
5,146,320
4,548,815
I
Revenues over under expenses 2,116,373
4,573,659
2,375,408
6,949,067
862,187
5,146,320
172,415
Ending working capital S 7,796,808 1
$ - I $ 3,223,149 1
S 847,741
S 847,741
S -
S 6,934,621
S 1,788,301
S 1,615,886
SUPPLEMENTAL INFORMATION
INCLUDED FOR PLANNING
PURPOSES
10
MUNICIPAL DEVELOPMENT DISMCT (MOD) PROGRAM FUND 215
BUDGET SUMMARY - PROJECTED WORIONG CAPITAL _
Estimated revenue growth for pro)ected years:
4%
Actual
Expenditure
Forwarded
Budget
Total
Estimated
ProJe�d
2008M
Projected
2009-10
Pry
. 2MO-11
Projected
201142
Projer ted
2MZ43
Prole W
201&14.
Projected
201446
Projected
20 S-16
through 9i3M
2005-06
2006.07
200607
200607
lnnl work) capital
$
$ 7.796,808
$ 3.223,149
$ 7,796.808
$ 7,796.808
r4.001.400
$ 1,615,886
S 1,466,017
$ 1,700,207
$ 2259296
$ 3.198,116
S 3.970,159
S 5,378,171
$ 6,532.127
Revenues
Sales Taxes
16,324,054
3,547,000
3,547,000
3,847,510
4,161,000
4,327,000
4,500,000
4.680.0001
4,867,000
5,082,000
5,264,000
5,475,000
Interest an Investments
535,381
276,000
278,000
390,000
375,000
390,000
406,000
422,000
439,000
457,000
475,000
494,000
514,000
Contributions & Miscellaneous
396.447
76.050
Total MOD Revenues
17255,862
3.823.000
3.823,000
4,313.560
4376,400
4,551.000
4,733,000
4,922,000
5.119,0001
5,324,000
5,537 000
5,758,000
5.!389,000
Expenditures
Ecormmlc Dovefopwnt Projeas
Development of New and Expansion of Existing
Businesses and lncbztry
980250
100.000
1 1.080250
100.0001
100,0001
100.000
100.0001
100.000
100.000
100.000
100.000
100.000
Eoon Development Foundation - Basic
Ecawmic Deve em Services
300,000
200.000
200,000
200, 000
200.000
200,000
200.000
100,000
200.000
100.000
200.000
100,000
200.000
100,000
200.000
100,000
200.000
100.000
200.000
100,000
Econ Development Foundation - Special
Economic Developnent Projects
182250
100,000
100,000
25.000
100,000
–
100,000
Tax Increment Reinvestment Zone advances
53 ,543
Unified Land Developnent Coda
37,500
37,500
37,500
Subtotal
535,793
1,017,750
400,000
1,417,750
262.500
400.000
400,000
400.000
400,000
400,000
400,000
400,000
400,000
400,000
Sfreels. Drat Sldowalks s Si nation s
Baker Road Extension - Land Acquisition
56.819
Garth Road Median Removal Proiect
200.000
200.000
Garth Roadfi Signal (50% of oasq
150,000
150.000
Garth Road Signatization Srichronization
464.651
8.967
Land Acquisition for New Thoroughfares
405,419
100,0001
506,419
100.000
100.000
100,000
100,000
100,000
100,000
100,000
1 100,000
100.000
orth MavJAlexander SkInalizatim
294,550
188.832
400,000
586,832
Raccoon Drive Sidewalks
60.000
Sidovralk Pn4ects for Parks
62.758
77242
77242
State hdrasbuchae Bank Loan Repayment
Decker Drive Main Lanes
1.509.912
377,478
377.478
377,478
377.478
377,478
377,478
State InWaistnwhue Bank Loan Repayment
Decker Drive to 146 south flyover (50% MDO -
50% 11/07 GO Bond Election )
-
151,000
151,000
151,000
151,000
151.0001
151,000
151,000
151.000
Texas Avenue - Sty-
140,000
200.000
340.000
45.000
150,000
150.0001
150.000
150.000
150.000
150.000
150,000
150,000
150,000
Texas Avenue Resb#ng
39,505
Transportation Master Plan
75,000
75.000
Subtotal
2,488,195
819,460
1.077478
2.237,971
772.478
853,478
853, 478
778, 478
401,000
401,000
401,000
401,000
401,000
250,000
Uw
Baker RoadMorth Main Sanitary Sewer Study
& Construction
129,667 1
24,367
1,000,000
1,024,367
Economic Dev. Cost Share with Developers to
Upsize New Utilities
982.728
100,000
1.081. 515
50.000
50. 000
50. 000
50. 000
50 .000
50.000
50.000
50.000
50.000
NE WW Treatment Plant Debt Service (6096 -
2005 & 2006TWOB & 2006 00's )
197,844
1,185,930
1,185,930
1,185,930
1,161,300
1,164210
1,166,168
1,192,128
1,195,193
1,199,080
1201,581
1.208,315
1214,695
N. Main from Cedar Bayou - Lynchburg to
Wallisville W &S Debt Service • $4.5mm -
12,_0.93_
375,000
375,000
358,037
354.680
3,521049
349, 003
345, 542
341,665
340252
338,631
340,847
UPS 11h Station U
15,000
16.213
16213
West District Plard Expansion Design and Debi
Service - 50% - 2008 CO's
196,127
403,873
600,000
1,003 873
1003 873
253.000
793 ,500
782,115
770,730
828,345
815,063
801,780
857,498
842,318
Subtotal
535,731
1,425,968
3,260 930
4,686!898
2 016
1,020,337
2 362,390
2,350,333
2,361,861
2,419,080
2,405,807
2,393,613
2,454 444
2 447,859
Parka ftqecft
Aquatic Master Plan Imp3ementation:
Er*hmm, Design and Construction
50.000
450,000
450,000
100.000
Aquatics Master Plan Phase 1 & 2
Construction $6mm -
00 110,0
345.01)0
50 340.0
335.100
360.150
354.375
348.600
372.825
Arboretum Education and Park
360.000
Art and Cuthural Center
100.000
SaYtm Little Lea ue Improvements
ements
1962 0
13.800
50,000
63,8W
63,8001
50,0001
100,000
MUMCIPAL DEVELOPMENT D1STR3CT MDD PROGRAM FUND 215 -
BUDGET
SUMMARY - PROJECTED WORIONG CAPITAL
Estimated revenue growth for pro(acted years
4%
Actual
Expenditure
Forwarded
Budget
Total
Estimated
Adopted
Projected
2008-09
Projected
2009.10
Projected
2MG41
Projeetad
2MI -12
Projected
201243
Projected
201344
-- _
Projeeted
21H445: -
Projected
2MG-16
through 9030106
200506
2006-07
200607
2006477
2007-08
Baytown Nature Center Entryway and Misc.
Improvements
690,518
4204
100.000
104.204
104-NM
50,000
110,0001
1
Baytown Nature Center MM & Overlay
44,306
Decker Dr. Landscaping Plan
30.000
East Harris Coady Sour Sports Complex
Water
I
500.000
500.000
500.000
East Little League land Acquisition
213,365
Goose Creek Stream Phase III
240,000
Goose Creek Stream. Phase tV (80% Match
CMAO= $1,089,535 )
301,226
289,755
289,755
Goose Creek Stream - Trails, Docks and
Picnic Shatters
125,000
Goose Creek West MaiNMarket St. Project
80,000
Gray Center Renovations: GMs and Adult
soft"
2. 983 .301
20.327
300.000
320.327
320.327
Lard Acquisition - Future Parks (Jenkins Park
in 2008 )
61.835
50.000
111.635
350.000
50.000
50. 000
50. 000
50 .000
50.000
50.000
50.000
50.000
F Pier
500.000
North Main Property (Parking.
Restroom/Concession and
125.000
125,000
125,000
125,000
Roseland & Central Lift League Par" Lol
Constriction
78,215
3.785
Roseland Park BtWmd Renovations and Trail
Constriction
245,000
Roseland Park Lighting and Other
limprovernents
60.000
60.000
60.000
Roseland Park rood
82.000
Lard Pavilion Air Caidiltioning
35.000
Skate Park Construction - Jenkins Park
177,637
177.637
Skate Park Cation - Umclad Park
300.000
Sp-A-inds Vol
125.000
125,0001
125.000
Wetlands Center Annex
350.000
Wetlands Center Improvements (add
ACMea '
105,000
108,785
108,785
Subtotal - -
5.139,131
998.506
1,010,000
2,188,143
1,784,753
950000
635,000
520000
750,050
510,100
895,150
484,375
898.600
772,825
Total MDD P 'ecis
8,698 850
4,261,684
5,748,408
10,528,762
5,025,747
4,023,815
4250,868
4,048 811
3,912.911
3.730180
4,101,957
3.678 988
4,154,044
3,870,684
Other
Administration and Overhead
737 .500
150.000
150.000
150.000
150.000
150.000
150.000
150.000
150.000
150.000
150.000
150.000
150.000
22,704
311. 975
300. 000
93.305
375.000
300.000
300.Ot)D
300. 000
300000
300 .000
300.000
300.000
300.000
Sutnotal
1 760,204
311.975
450000
243.305
525.000
450.000
I 450000
450.000
450.000
450.000
450.000
450.000
450.000
TotaIMDD Roves
9,459,054
4,573.659
6,198408
10.772,067
4,548,815
4,700.868
4498,811
4,362,911
4,180.180
4,551,957
4,128.988
4,604,044
4,320,684
Z5.175.747
Revemnes over 8
7.798.808
4,573,659
2,375.408
8.949,
172,415
149, 868
234,189
559,089
938,820
772,043
1,408,012
1,153,956
1,668,316
Ending working capital
$ 7 ,796,808
$ 3,223,149
$ 847.741
$ 847 741
34 621
$ 1,615.886I
$ 1,466,017
$1,700.207
$ 2259,296
$ 3.198.1-1-6
$ 3,970,159
$ 5,378171
$ 6,532,127
S 8,200.442
_$_6,9_
I
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
State Infrastructure Loan - Decker Drive
2.05%
123,610
$ 2,500,000
192,537
2,961,380
Date of Issue -July
3, 2003
130,185
Term - 8 Years
Fiscal
Interest
Principal
Total
Total Debt
Balance of
Year
Rate
Due 7/03
Interest
for Fiscal Yr
Principal
2003
4.40%
$ 267,478
$ 110,000
$ 377,478
$ 2,232,522
2004
4.40%
279,247
98,231
377,478
1,953,275
2005
4.40%
291,534
85,944
377,478
1,661,741
2006
4.40%
304,361
73,117
377,478
1,357,379
2007
4.40%
317,753
59,725
377,478
1,039,626
2008
4.40%
331,734
45,744
377,478
707,892
2009
4.40%
346,330
31,148
377,478
361,562
2010
4.40%
361,562
15,916
377,478
-
265,260
1,041,480
$ 2,500,000.00
$ 519,824
$ 3,019,824
31,512
Certificate of Obligation - TWDB MDD portion-60%) Issue 1 of 2 $ 3,516,310
Series 2005 Date of Issue - March 1, 2005 Term - 20 Years
Fiscal Interest Principal Total Total Debt Balance of
Year Rate Due 2101 Interest for Fiscal Yr Principal
2006 1.35% $ 98,625 $ 99,219 $ 197,844 $ 3,417,685
2007 1.55% 105,200 97,738 202.938 3.312.485
2010
2.05%
123,610
68,927
192,537
2,961,380
2011
2.25%
130,185
88,995
219,180
2,831,195
2012
2.40%
138,075
85,873
223,948
2,693,120
2013
2.55%
145,965
82,355
228,320
2,547,155
2014
2.65%
153,855
78,456
232,311
2,393,300
2015
2.75%
163,060
74,175
237,235
2,230,240
2016
2.90%
172,265
69,435
241,700
2,057,975
2017
2.95%
181,470
64,261
245,731
1,876,505
2018
3.00%
191,990
58,656
250,646
1,684,515
2019
3.10%
202,510
52,589
255,099
1,482,005
2020
3.15%
214,345
46,075
260,420
1,267,660
2021
2.00%
226,180
39,080
265,260
1,041,480
2022
3.30%
239,330
31,512
270,842
802,150
2023
3.35%
252,480
23,334
275,814
549,670
2024
3.45%
266,945
14,500
281,445
282,725
2025
3.50%
282,725
4,948
287,673
-
$
3,516,310 $
1,224,226 $
4,740,536
13
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
Certificate of Obligation -
MDD ortion -60%
138,109
$ 3,925,511
Series 2006A Date of Issue - February
9, 2006
Term - 20 Years
Fiscal Interest
Principal
Total
Total Debt Balance of
Year Rate
Due 2101
Interest
for Fiscal Yr Principal
2007 5.875% $
51.603 $
212.562
$ 264.164 $ 3.873.908
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
5.875%
116,785
138,109
254,894
5.875%
122,217
131,089
253,306
5.875%
127,649
123,749
251,398
5.875%
133,081
116,090
249,171
4.375%
139,871
109,121
248,991
3.875%
145,302
103,246
248,548
3.875%
152,092
97,484
249,576
4.000%
160,240
91,332
251,572
4.000%
167,030
84,787
251,817
4.100%
175,178
77,855
253,033
4.125%
183,325
70,483
253,809
4.200%
191,473
62,681
254,154
4.250%
199,621
54,418
254,039
4.300%
209,127
45,680
254,807
4.350%
218,633
36,428
255,061
4.400%
228,138
26,654
254,793
4.400%
239,002
16,377
255,379
4.450%
249,866
5,560
255,425
$
3,321,586 $
1,748,516 $
5,070,102
3,645,770
3,523,553
3,395,904
3,262,823
3,122,953
2,977,650
2,825,558
2,665,318
2,498,288
2,323,110
2,139,785
1,948,312
1,748,691
1,539,564
1,320,931
1,092,793
853,791
603,925
Certificate of Obligation - TWDB MDD portion-60%)
Issue 2 of 2
$ 10,370,133
Series 20068
Date of Issue - May
1, 2006
Term - 20 Years
Fiscal
Interest
Principal
Total
Total Debt
Balance of
Year
Rate
Due 2/01
Interest
for Fiscal Yr
Principal
2007
5.500%
$ 313,210
$ 405,618
$ 718,828
$ 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
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
5.500%
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
-
$ 10,370,133
$ 4,051,531
$ 14,421,664
14
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
Certificate of Obligation - MDD Portion
$ 4,500,000
Series 2007
Date of Issue - February
1, 2007
Term - 20 Years
Fiscal
Interest
Principal
Total
Total Debt
Balance of
Year
Rate
Due 211
Interest
for Fiscal Yr
Principal
2008
5.875%
55,385.00
300,653
356,038
4,444,615.00
2009
5.875%
155,769.00
198,911
354,680
4,288,846.00
2010
5.875%
162,692.00
189,357
352,049
4,126,154.00
2011
5.875%
169,615.00
179,388
349,003
3,956,539.00
2012
5.875%
176,538.00
169,003
345,541
3,780,001.00
2013
5.875%
183,462.00
158,203
341,665
3,596,539.00
2014
4.375%
192,115.00
148,137
340,252
3,404,424.00
2015
3.875%
199,038.00
139,593
338,631
3,205,386.00
2016
3.875%
209,423.00
131,424
340,847
2,995,963.00
2017
4.000%
218,077.00
122,874
340,951
2,777,886.00
2018
4.000%
228,462.00
113,943
342,405
2,549,424.00
2019
4.100%
237,115.00
104,483
341,598
2,312,309.00
2020
4.125%
247,500.00
94,488
341,988
2,064,809.00
2021
4.200%
257,885.00
83,903
341,788
1,806,924.00
2022
4.250%
268,270.00
72,723
340,993
1,538,654.00
2023
4.300%
280,385.00
61,064
341,449
1,258,269.00
2024
4.350%
292,500.00
48,890
341,390
965,769.00
2025
4.400%
306,346.00
35,973
342,319
659,423.00
2026
4.400%
321,923.00
22,230
344,153
337,500.00
2027
4.450%
337,500.00
7,594
345,094
-
4,500,000.00
2,382,832
6,882,832
15
MUNICIPAL DEVELOPMENT DISTRICT FUND
SALES TAX REVENUE PROJECTIONS
Munc aI Development District. Sallee Tax #215.41201
4.00%
FY
FY
FY
FY
FY
FY
FY
2002
2003
2004
2005
2006
2007
2008
October
188,853
202,298
208,600
224,560
282,567
267,880
278,595
November
193,123
211,381
192,895
241,047
279,426
303,819
315,972
December
424,780
376,161
370,820
402,610
459,781
446,429
464,286
January
203,666
212,210
211,146
231,984
258,739
327,666
340,773
February
208,169
203,529
217,560
251,181
259,012
281,526
292,787
March
318,069
311,226
371,254
365,065
379,840
409,201
425,569
April
230,143
215,378
233,463
269,885
289,415
293,468
305,207
May
222,725
224,239
222,895
237,527
207,739
232,923
242,240
June
306,908
324,547
452,392
336,882
356,427
370,941
385,779
July
211,281
234,200
237,893
249,426
265,813
276,455
287,513
August
216,758
213,302
231,428
239,975
281,266
281,294
292,546
September
270,102
287,166
316,111
319,899
357,317
355,908
370,144
2,994,577
3,015,637
3,266,457
3,370,041
3,677,342
3,847,510
4,001,400
Incr (Decr) over prior yr
8.32%
3.17%
9.12%
4.63%
4.00%
IL