FY 06-07 MDD Adopted BudgetMUNICIPAL DEVELOPMENT
DISTRICT (MDD)
2006 -07
ADOPTED PROJECTS BUDGET
FISCAL YEAR ENDING
SEPTEMBER 30, 2007
August 3, 2006
BAWORN
,qq�-
Gary Jackson
Ignacio Ramirez
Rhonda Young
Lorri Coody
General Manager
General Counsel
Finance Officer
Assistant Secretary
BAYTOWN MUNICIPAL
DEVELOPMENT DISTRICT
MEMBERS
STEPHEN H. DONCARLOS, President
SCOTT SHELEY, Vice President
TERRY SAIN, Secretary
KITTY ALLEN
REGGIE BREWER
BRANDON CAPETILLO
LYNN A. CASKEY II
LISA GUY
DON MURKY
MERCEDES RENTERIA III
Bpy'rpWN MUNICIPAL DEVELOPMENT DISTRICT
August 3, 2006
President and Members of the
Municipal Development District Board
Enclosed you will find the adopted 2006 -2007 budget for the Baytown Municipal Development
District (MDD). Listed below are the highlights of revenues and expenditures.
Revenues — sales tax revenue is projected at $3,547,000, which represents an increase over the
adopted 2005 -2006 budget, but is slightly less than the amount now estimated to be received this
year. Staff believes that estimated revenues exceed budgeted revenues due to purchases
associated with the influx of evacuees from Hurricanes Katrina and Rita. Along with interest
income, total revenues for 2006 -2007 are projected at $3,823,000.
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 2006 -2007 are listed
under one of the following three (3) priorities:
o Priority: Projects which provide infrastructure for economic development.
➢ Northeast Wastewater Treatment Plant (60% share)
➢ West District Plant Expansion Design (60% share)
➢ Baker Road/North Main Sanitary Sewer
Utilities - North Main from Cedar Bayou - Lynchburg to Wallisville Road
➢ Cost Share with Developers for Upsizing Utilities
State Infrastructure Bank Loan Repayment - Decker Drive
Texas Avenue Streetscape Project
North Main/Alexander Signalization Synchronization
Land Acquisition for New Thoroughfares
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
o Priority: Projects that improve a community's quality of life, including parks, athletic
facilities, etc:
Gray Center Renovations: Girls and Adult Softball Complex
Baytown Nature Center Entryway and Miscellaneous Improvements
Baytown Little League Improvements
Roseland Park Lighting and Other Improvements
➢ Aquatics Needs Analysis and Report
➢ N.C. Foote Family Swim Center
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.
Contingency funding is included in the amount of $300,000. 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.
Sincer y,
Gary Jacks
General ager
MUNICIPAL DEVELOPMENT DISTRICT
MAJOR BUDGET ISSUES
Fiscal Year 2006 -07
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 (MOD) 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 $3,547,000 for fiscal year 2006 -07 and is based on current
year estimated collections. Interest earnings are projected at $276,000.
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 budget also includes $300,000 for contingency funding.
PROJECTS
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
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
North Main /Alexander Signalization Synchronization
The 2006 -07 budget includes funds for the replacement of signal equipment and installation of
communications cable to provide for the coordination of signal operation to more efficiently
facilitate the movement of traffic along North Main from Texas Avenue to Cedar Bayou
Lynchburg and on Alexander from Texas Avenue to McKinney. $400,000
Land Acquisition for new Thoroughfares
Funds to purchase right -of -way (ROW) for roadway development or expansion. $100,000
Texas Avenue Streetscape Project
The 2006 -07 budget includes funds for either direct expenditures or match for grants in
subsequent years to enhance streets and sidewalks for community identity and beautification in
the public right -of -way. The expenditures may include streetlights, trees, crosswalks, street
furniture, landscape plantings, etc. $200,000
4
State Infrastructure Bank Loan Repayment - Decker Drive
The MDD financed a $2,500,000 loan from the Texas State Infrastructure Bank (SIB) for the
Decker Drive project. 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
five of eight is included in the 2006 -07 budget. $377,478
Economic Development Cost Share with Developers
The City will have the ability to upsize lines installed by developers to meet future water and
sewer needs for undeveloped areas serviced by the same lines. $100,000
Baker Road/North Main Sanitary Sewer
Installation of 2,700 feet of 15" sewer main and a lift station to provide sewer service along North
Main south of Baker Road to just north of Hartman Drive and provide the basic infrastructure to
provide sewer service for a portion of East Baker, if extended. $1,000,000
West District Plant Expansion Design — 60%
Design costs to expand the facility with a new 4.0 million gallon per day (MGD) treatment
facility. This would increase the facility to 8 MGD. MDD will reimburse the City for 60%, or
$1.2 million, of the design costs of approximately $2,000,000. $600,000 was previously
authorized in the 2005 -06 budget. $600,000
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. The City will issue debt to
fund the total cost of the project which is estimated at $4,500,000. MDD will provide funding for
the debt service. $375,000
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 2006 -07 budget includes the
second year's principal and interest payment on 20 -year financing. The project is funded by the
TWDB loan and Series 2006 Certificates of Obligation. When the full amount of debt is issued
for the project, the annual debt service is estimated to be between $1.2 and $1.3 million. The
plant is scheduled to be complete in fiscal year 2008. $1,185,930
Gray Center Renovations: Girls and Adult Softball Complex
The project will complete the first phase of the Sports Complex Renovation and Expansion
Project. The renovations will include mill and overlay of the East Road Parking lots, striping of
those parking lots, removal of poles and lights from the old Field E, scoreboards for all new
fields, drainage improvements between the 2 complexes, concrete trails to replace the 1,235 feet
of deteriorating asphalt trail, and to grade two new practice softball fields. $300,000
5
Baytown Nature Center Entry and Miscellaneous Improvements
The 2006 -07 budget includes matching for future grants to construct the wetlands, breakwater,
and fishing piers. $100,000
Baytown Little League Improvements
Provide funding for various improvements at little league facilities including lighting, concession
renovations, press box renovations, and fencing repairs as needed. $50,000
Roseland Park Lighting and Other Improvements
Improvements will include an additional 1,900 feet of concrete trail that would complete the trail
loop around the park. Roseland Park is one of the City's heaviest used parks and the demands for
the existing facilities are always high. $60,000
Aquatics Needs Analysis and Report
The Aquatic Needs Analysis will 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 will provide information on utilization, feasibility of construction, and project
cost estimates for aquatic facilities. $50,000
N.C. Foote Family Swim Center
The N.C. Foote Pool was built in 1973 and with the exception of a filter room renovation project
in 1990, very little has been done with the pool since then. The Parks and Recreation Department
will review the results of the proposed Aquatic Needs Analysis and will make a recommendation
on whether to completely renovate or replace the pool. This is the first installment in the
proposed project that will total over $1.2 million. Final cost estimates will not be complete until
the Aquatics Needs Analysis and Report is complete next summer. $400,000
Land Acquisition — 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. $50,000
Project Administration & Overhead
Contingency
Total MDD 2006 -2007 Budget
ro
$150,000
$300,000
MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND 215
BUDGET SUMMARY
Expenditures
Economic Development Projects
Unified Land Devdopnwm Code
Econ Development Foundation - Basic Ecun. Dev. Services
Eeon Devdopu=tt Foundation - Special Econ. Dev. Projects
Developtnew of New and Expansion of Existing Businesses and Industry
Subtotal
Streets, Drainage, Sidewalks & Signalization Projects
Garth Road Signalization Synchronization
North Main/Alexanda Signalization
Land Acquisition for New Thoroughfares
Sidewalk Projects
Texas Avenue Restriping
Texas Avenue - Straetscupe Project
Bakes Road Extension - Land Acquisition
State In rusiructure Bank Loan Repayment Decker Dr.
Subtotal
Utility Projects
Economic Dev. Cost Share with Developers to ( Jpsize New l hilities
Baker Road/North Main Sanitary Sewer Study & Construction
West District Plant Expansion Design and Construction - (50 %)
North Main from Cedar Bayou - Lynchburg to Wallisville - Debt Svc.
NE Wastewater Treatm a Plant Debt Service (60%)
Subtotal
Parks Projects
Goose Creek Stream, Phase IV (80% Match CMAQ S1.099-535)
Gray Center Renovdtim & Girls and Adult Softball Complex
Roseland Park Bulkhead Renovations and Trail Construction
Baytown Nature Center Entryway and Misc. Impruvcrurnts
Baytown Nature Center Mill & Overlay
East Little League land Acyuisitinn
So Harris County Soccer Sports Complex Water
Deland Park Spruyground
Wetlands Center Improvements (add AC/lIcating )
Baytown Little League Improvements
Decker Dr. Landscaping Plan
Roseland Pavilion Air Conditioiung
Goose Crux Sirt-aui Phase III
Actual Transfer
Carried- forward Budget
Total
Fund Estimated Carried - forward
Proposed
-
2004 -05 2004 -05
2004 -OS 2005 -W
2005 -06
Transfers 20115 -W 2005-06
2006-07
Beginning working ropy
$ 5,593,171 $
$ 5,680,437 $ 2,018,061
$ 5,680,437
$ 5,680,437 $ 7.405-365
$ 3,143,433
Revenues
187,769
100,000
200,000
705,189
90,000
Sales Taxes
3,370,041
3,293,000
3 .283,000
3,631,000
3,547,000
Interest on Investments
130,558
113,000
113,000
261.000
276,000
Intergovermental - CMAQ grant for Goose Creek project
28,069
13,817
-
600.000
-
Contribution - Nature Center Project
20,000
600,000
421,257
4212.*)7
Rcimborsetnuu of TtRZ advances
53,544
206,419
200.000
406,419
375,000
Total MDD Revenues
3,602,212
3,396,000
3,396,000
3.892,000
3,923.000
Expenditures
Economic Development Projects
Unified Land Devdopnwm Code
Econ Development Foundation - Basic Ecun. Dev. Services
Eeon Devdopu=tt Foundation - Special Econ. Dev. Projects
Developtnew of New and Expansion of Existing Businesses and Industry
Subtotal
Streets, Drainage, Sidewalks & Signalization Projects
Garth Road Signalization Synchronization
North Main/Alexanda Signalization
Land Acquisition for New Thoroughfares
Sidewalk Projects
Texas Avenue Restriping
Texas Avenue - Straetscupe Project
Bakes Road Extension - Land Acquisition
State In rusiructure Bank Loan Repayment Decker Dr.
Subtotal
Utility Projects
Economic Dev. Cost Share with Developers to ( Jpsize New l hilities
Baker Road/North Main Sanitary Sewer Study & Construction
West District Plant Expansion Design and Construction - (50 %)
North Main from Cedar Bayou - Lynchburg to Wallisville - Debt Svc.
NE Wastewater Treatm a Plant Debt Service (60%)
Subtotal
Parks Projects
Goose Creek Stream, Phase IV (80% Match CMAQ S1.099-535)
Gray Center Renovdtim & Girls and Adult Softball Complex
Roseland Park Bulkhead Renovations and Trail Construction
Baytown Nature Center Entryway and Misc. Impruvcrurnts
Baytown Nature Center Mill & Overlay
East Little League land Acyuisitinn
So Harris County Soccer Sports Complex Water
Deland Park Spruyground
Wetlands Center Improvements (add AC/lIcating )
Baytown Little League Improvements
Decker Dr. Landscaping Plan
Roseland Pavilion Air Conditioiung
Goose Crux Sirt-aui Phase III
455.763
37,500
799,740
37,500
1377,218
37,500
-
100,000
1,077,478
100,000
100.000
100,000
200,000
7,439
92361
110,000
202,561
14,792
187,769
100,000
200,000
705,189
90,000
795,189
993.688
795,189
100,000
107,439
835.250
300,000
1.135,250
114,792
1.02WR
400,000
2,566
13,817
13,817
13,817
600.000
-
57.125
421257
600,000
421,257
4212.*)7
400,000
-
206,419
200.000
406,419
375,000
406.419
100.000
137,242
-
137,242
60,000
77.242
-
18,500 45,000
21,005
920,000
21,005
21.005
12.092
-
1,593,688
3260,930
-
140,000 140,000
200.000
95
-
-
290.815
377,477
290,815
377,478
377,478
377.479
377.478
455.763
45.000
799,740
577,478
1377,218
140,000
1.033-157
483.661
1,077,478
-
257,000
920,000
200,000
1.120,000
(126,312)
993.688
100,000
-
-
126,312
126.312
1.0 00.000
600,000
600.000
-
600.000
600,000
-
12,092
12,092
375,000
257,(00)
197,844
197,844
197,844
1.185,930
920,000
997,844
1,917,844
12.092
336 .24R
1,593,688
3260,930
35.087
290.815
-
290,815
5300
285.515
2385536
100,000
50,112
50,112
50,112
300.E
112,401
26,712
26,712
26,712
100,000
44,306
44,306
44,306
206,049 49
(61,635)
6.716
6,716
6,716
50)0.(00
500.000
5000)0
105,000
105,000
105,000
210,000
210,000
210,000
50.000
29,567
433
433
433
33.143
1.896
1,896
1.896
00
Decker Dr. Landscaping Plan
Roseland & Central Little League Parking Lot Construction
North Main Property (Football/Soccer Fields)
Baytown Nature Center - Salt Water Marsh Expansion
North Main Property (Parking, Restroom /C'onression and Lighting)
Roseland Park Lighting and Other Improvements
Aquatics Needs Analysis and Report
N.C. Foote Family Swim Center
Land Acquisition - Future Parks (not specific)
Subtotal
Total MDD Projects
Other
Project Administration and Ovenccad
Contingency
Subtotal
Total MDD Expenditure%
Revenues over (under) expenses
Ending working capital
MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND 215
BUDGET SUMMARY
Actual Transfer Carritd- forward Budget Total
2004.05 200405 200405 2005.06 2005 -06
82,000 82,000
61 6145 Al 6146 _ 61 6145
1
150.000
(145.000)
-
169.067
150,000
300.000
150.000
469.067
150,000 (145.000)
169,067
450.000
619.067
514.946
3,662.376
2,766,628
6,429,004
87,266
680,437 $ $
(3,662376)
2.018.061
629,372
$ 2.647.433
(3,033,004)
$ 2,647,433
Fund Est6uated Carried - forward I Proposed
82.000
60,000
50,000
400,000
61,635
50,000
532.475
847,150
1,010,000
152,092 2.017.072
3.944,957
5.748,408
- 150,000
152.092)
316,975
150,000
300.000
152.092 150,000
316.975
450,000
2.167,072
4.261.932
6,198.408
1,724,928
S 7.405.365 $
(4.261.932)
3.143.433
(2,375,408
$ 768.025
SUPPLEMENTAL INFORMATION
INCLUDED FOR PLANNING
PURPOSES
MUNIWAL DEVELOPMENT DISTRICT
FY 20&a1 CAPITAL IMPROVEMENTS PROGRAM (CIP) BUDGET
MUNICIPAL DEVELOPMENT DISTRICT PROJECTS SUMMARY
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Project Description
Year l
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Yesr 9
Year 10
Tout
Eeoamnk
1
bnckament Prokcts
Development of New and Expansion of Existing Business cad lades"
S 300,000 S
300,000 S
300,000 S
300,000 S
300,000
S 400,000
S 400,000 $
400,000 S
400,000 $
400,000 S
3,500,000
Saaetr.
1
Drahmm Sidewalks d Sirnalhallon Proects
North MaWAlexaader Signaliration
-
378,382
100,000
400,000
-
878,382
2
Garth Road Signaliration Synchronization
350,000
121,618
5,000
-
-
-
476,618
3
Land Acquisition for New Thoroughfares
56,419
100,000
50,000
-
200,000
100,000
(00,00 0
100,000
100,000
100,000
906,419
4
Sidewalk Projects (incL RoUWgbrook and other areas of need)
100,000
50,000
-
50,000
-
-
-
200,000
5
State Ia$astnraute Loan Repayment - Docker Drive
250,000
127,478
377,478
377,478
377,479
377,478
377,478
377,478
377,478
3,019,824
6
Bake Road Extension Study R Survey
26,819
-
-
-
26,819
7
Twos Avenue Resisting
-
39,505
-
39,505
8
Texas Avenue - Stredscape Project
140,000
200,000
340.000
1,077A78
477,478
477,478
477 ,478
100,000
5,887,567
Subtotal
783,238
777,478
427,478
711,983
577A78
1
Economic Dev. Cost Shins with Developers to Upsize New Utilities
163,000
200,000
100,000
457,000
73,688
100,000
100,000
100,000
100,000
100,000
1,493,688
2
North Main to Wallisvii1a Road Water and Sewer Fxteraiou
-
-
12,092
375,000
375,000
375,000
375,000
375,000
1,887,092
3
Northeast WastewaterTmatmeoi Plant (60%MDD,40%W &S)
-
197,844
1,185,930
1,161,300
1,164,210
1,166,168
1,192,128
6,067,580
4
West District Plant Design and Deb: Service - (60% MDD, 40% W&S)
_
_
600.000
600,000
239,109
749,934
739,174
728,414
3,656,631
5
Baker R03"on6 Main Sanitary Sewer Study & CoastNetion
16,762
126.312
1,000,000
1.143.074
Subtotal
179,762
200,000
1001000
469,092
997,844
3,260,930
1,875,409
2,389,144
2.380,342
2,395,542
14,248,065
Parks
I
Prokats
Goose Crack Stream, Phase IV (80% Match CMAQ S 1,089,535)
50,000
150,000
(90,000)
240,000
-
-
350,000
2
Gray Center Renovations; Girls and Adult Softball Complex
610,000
480,000
1,220,000
666,428
300,000
3,276,428
3
Roseland Park Bulkhead Renovations and Trail Construction
245,000
-
-
245,000
4
Nance Cater Etmywsy and Misc. Improvements
450,000
215,000
-
44,306
100,000
1001000
11000
1,019,306
5
East Little League Land Acquisition
213,365
-
-
-
213,365
6
East He= County Soccer Sports Complex Water
-
100,000
400,000
500,000
7
Roseland Paris Spreyground
82,000
_
-
82,000
8
Wetlands Center Improvements (add AC/Hmting)
-
105.000
105.000
9
Baytown Link League Improvements
210,000
50,000
100,000
25,000
365,000
10
Decker Dr. I andsrsping Plan
30,000
_
30,000
11
12
13
Roseland Pavilion Air Conditioning
Goose Credo Sham Phase M
WestsideSpreyBround
-
240,000
-
35.000
-
-
125,000
35,000
240,000
125,000
14
Sports Complex Family Swint Center - Est Dept Service ($4M)
73,333
230,000
226,700
530,033
15
Goose Crack West MajaWatket SL Pmject
-
_
-
80,000
80,000
16
Acquatica Needs Analysis and Report
-
50,000
-
-
-
50,000
17
Land Acquisition- Future Parks (not specific)
61,635
50,000
100,000
100,000
100,000
411,635
18
Baytown Nature Center - Salt Water Marsh Expansion
-
100,000
-
100,000
19
North Main Property - Parking, RemoomlConccession and Lighting
100,000
100,000
100,000
300,000
20
21
Roseland Park Lighting and Other Improvements
Arboretum Education and Park
60.000
-
360.000
-
-
60,000
360,000
22
23
N.C. Foote Family Swim Center
Goose Creek Stream - Trails, Docks and Picnic Shelters
_
_
400,000
400,000
125,000
400,000
-
-
1,200,000
125,000
24
Wetlands Cemu Arm
-
350,000
350,000
25
Lighted Bayfiont Fishing Pier
500,000
$00,000
26
Roseland & Central Little Lague Parking Lot Construction
82,000
82,000
subtotal
1,712,000
84S,000
1,500,000
1.341,428
441„i06
1„ 85.000
933,333
510,000
1,076,700
10,754,767
n150,OOO
150,000
150,000
150,000
150,000
1,487,500
Project Administration and Overhead 137,500 150,000 150,000 150,000 150,000
Co�b"cy
17,500
5,204
11,975
300,000
300,000
300,000
300,000
300,000
1,834.679
MDD Expenditures Budget
$ 3.130.000 S
2177.682 S
L477A78 S
2.984A72 4
L766 628
S
S 4 Sff7 887 S
4.649.955 5
4.2 17,820 5
4,422,242 S
37,712,578
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
State Infrastructure Loan - Decker Drive
Issue 1 of 2
$ 2,500,000
Series 2005
Date of Issue - July
3, 2003
Term - 20 Years
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
-
2.65%
153,855
$ 2,500,000.00
$ 519,824
$ 3,019,824
2015
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 2/01
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
2008
1.65%
110,460
73,009
183,469
3,202,025
2009
1.80%
117,035
71,088
188,123
3,084,990
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 $ 1224,226 $ 4,740,536
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
Certificate of Obligation - (MDD portion-60%)
Issue 2 of 2
$ 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
2008
5.875%
111,353
144,811
256,164
3,762,555
2009
5.875%
116,785
138,109
254,894
3,645,770
2010
5.875%
122,217
131,089
253,306
3,523,553
2011
5.875%
127,649
123,749
251,398
3,395,904
2012
5.875%
133,081
116,090
249,171
3,262,823
2013
4.375%
139,871
109,121
248,991
3,122,953
2014
3.875%
145,302
103,246
248,548
2,977,650
2015
3.875%
152,092
97,484
249,576
2,825,558
2016
4.000%
160,240
91,332
251,572
2,665,318
2017
4.000%
167,030
84,787
251,817
2,498,288
2018
4.100%
175,178
77,855
253,033
2,323,110
2019
4.125%
183,325
70,483
253,809
2,139,785
2020
4.200%
191,473
62,681
254,154
1,948,312
2021
4.250%
199,621
54,418
254,039
1,748,691
2022
4.300%
209,127
45,680
254,807
1,539,564
2023
4.350%
218,633
36,428
255,061
1,320,931
2024
4.400%
228,138
26,654
254,793
1,092,793
2025
4.400%
239,002
16,377
255,379
853,791
2026
4.450%
249,866
5,560
255,425
603,925
$ 3,321,586 $
1,748,516
$ 5,070,102
Certificate of Obligation - TWDB (MDD portion-60%)
Issue 2 of 2
$ 10,370,133
Series 2006E
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
Princi al
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
12
MUNICIPAL DEVELOPMENT DISTRICT (MDD)
REVENUE PROJECTIONS 2006 -07
SALES TAX REVENUE
2003 2004 2004 2005 2006 2006 2007*
Actual Budget Actual Actual Adopted Estimated Projected
October
$ 202,298
$ 270,102
$ 208,600
$ 224,560
$ 225,000
$ 282,567
$ 229,000
November
211,381
202,298
192,895
241,047
241,000
279,426
246,000
December
376,161
211,381
370,820
402,610
403,000
459,781
411,000
January
212,210
376,161
211,146
231,984
232,000
258,739
264,000
February
203,529
212,210
217,560
251,181
251,000
259,012
264,000
March
311,226
203,529
371,254
365,065
365,000
379,840
387,000
April
215,378
311,226
233,463
269,885
270,000
289,415
295,000
May
224,239
215,378
222,895
237,527
238,000
230,211
235,000
June
324,547
224,239
452,392
336,882
257,000
394,637
403,000
July
234,200
306,908
237,893
249,426
243,000
243,660
249,000
August
213,302
211,281
231,427
239,975
236,000
235,701
240,000
September
287,166
216,758
316,111
319,899
322,000
318,005
324,000
Total
$ 3,015,636
$ 2,961,471
$ 3,266,456
$ 3,370,042
$ 3,283,000
$ 3,631,000
$ 3,547,000
Bold italic figures are estimated.
* Estimating a 2% over 2004 -05 for October thru December and a 2% increase over 2005 -06 for January through
September.
13
RESOLUTION NO. 75
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE
ENSUING FISCAL YEAR, BEGINNING OCTOBER 1. 2006, AND ENDING
SEPTEMBER 30. 2007: AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
# #tiii #i # #it # #ttiiitt #* tit*## iitiit# t# i## i# tiii # # # # # # #tti # # # # # # # # #t # # # #tiii #ii
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, 2006, and ending September 30, 2007, as finally submitted to the
Board of Directors by the General Manager of said District (a copy of which is on file in the
Assistant Secretary's office) 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, 2006, and ending September 30. 2007.
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
of the Baytown Municipal Development District this the Yd day of
. Assistant Secretary
APPROVED ASXrO FORM:
ACIO RAMIREZ, SR., Ideral Counsel
14
of the Board of Directors
ust, 2006.
DONCARLOS. President