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FY 09-10 MDD Adopted BudgetMUNICIPAL DEVELOPMENT DISTRICT (MDD) 2009 -10 ADOPTED PROJECTS BUDGET FISCAL YEAR ENDING SEPTEMBER 30, 2010 Garry Brumback Ignacio Ramirez Cynthia Pearson Leticia Garza General Manager General Counsel Finance Officer Interim Assistant Secretary BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT MEMBERS STEPHEN H. DONCARLOS, President LYNN A. CASKEY II, Vice President DAVID MCCARTNEY, Secretary KIRVEN TILLIS BRANDON CAPETILLO REGGIE BREWER MARY HERNANDEZ RUBEN LINARES TERRY SAIN SCOTT SHELEY LENA R. YEPEZ 2 BAYfOWN MUNICIPAL DEVELOPMENT DISTRICT S August 6, 2009 President and Members of the Municipal Development District Board Enclosed you will find the 2009 -2010 budget for the Baytown Municipal Development District (MDD). Listed below are the highlights of revenues and expenditures. Revenues — Sales tax revenue is projected at $4,300,000 which is less than the current year estimated collections due to the anticipated decline following the high collections attributed to Hurricane Ike recovery spending. Along with interest income, total revenues for 2009 -2010 are projected at $4,375,000. Expenditures - The MDD has several projects funded that will play a significant role in the economic development and quality of life in the City. The new allocation for projects in 2009 -2010 are classified in one of the following three (3) priorities: Priority: Projects or expenditures designed to promote new or expanded business activity that create or retain primary jobs: ➢ Development of New and Expansion of Existing Businesses and Industry > Economic Development Foundation — Basic Service ➢ Economic Development Foundation — Special Projects ➢ Property Acquisition for Economic Development ➢ Unified Land Development Code Priority: Projects which provide infrastructure for economic development: ➢ Land Acquisition for New Thoroughfares ➢ State Infrastructure Bank Loan Repayment— Decker Dr Main Lanes ➢ State Infrastructure Bank Loan Repayment — Decker Dr to SH 146 S Flyover ➢ Texas Avenue Streetscape Project ➢ Cost Share with Developers for Upsizing Utilities ➢ Northeast Wastewater Treatment Plant — Debt Service to fund 60% of design and construction ➢ North Main /1 -10 Utility — Debt Service to fund extension of utilities ➢ West District Plant Expansion — Debt Service to fund 60% of design; 50% of construction Priority: Projects that improve a community's quality of life, including parks, athletic facilities, etc: ➢ Aquatic Facility — Debt Service on partial construction ➢ Baytown Sports League Improvements ➢ Jenkins Park Bridges ➢ Jenkins Park Parking Lot ➢ Land Acquisition — Future Parks ➢ Sports Complex Improvements — Parking, Fields and Lighting Additional narrative on each of the foregoing projects is included in the "Major Budget Issues" section of the budget packet. Project administration costs of $250,000 are included for administrative support of the MDD. An allocation is also included for Unforeseen /New Initiatives in the amount of $150,000. This provides flexibility to allow the Board to utilize MDD funds to secure federal, state and local grant funds when available and to enhance and expand the impact that the MDD has on the economic development of the community as opportunities arise. It will also allow funding for inflationary increases on project cost estimates if needed. Sin y Garry Br ack Ge IManager MUNICIPAL DEVELOPMENT DISTRICT MAJOR BUDGET ISSUES Fiscal Year 2009 -10 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 revenue is projected at $4,300,000 which is less than the current year estimated collections due to the anticipated decline following the high collections attributed to Hurricane Ike recovery spending. Along with interest income, total revenues for 2009 -2010 are projected at $4,375,000. EXPENDITURES — The projects included in this year's program are economic development improvements in the areas of streets, 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 $250,000 are included for administrative support of the MDD. The budget also includes an allocation for Unforeseen /New Initiatives in the amount of $150,000 which may be allocated to a project during the year as directed by the MDD Board. 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 This provides continued funding for the basic economic development services contract with the Baytown AreaMest 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. The provisions of this contract are requested and approved on an annual basis. $75,000 Property Acquisition for Economic Development This allocation provides funding to purchase property that may become available to be used for future economic development purposes. $300,000 Unified Land Development Code This funding will provide for the Codification of the recently revised Unified land Development Code. $15,000 Land Acquisition for new Thoroughfares Funds to purchase rights -of -way 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. This allocation provides funding for the last of eight payments. $377,478 State Infrastructure Bank Loan Repayment - Decker Drive to Highway 146 South Flyover 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 thereby eliminating the "braided" on and off ramps. The State matched 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 third of eight payments is included in this budget. $149,000 Texas Avenue Streetscage Proiect The budget includes continued funding 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 rights -of -way of Texas Avenue. The expenditures may include roadway improvements, utilities, streetlights, trees, crosswalks, street furniture, landscape plantings, etc. $150,000 Economic Development Cost Share with Developers This funding allows the City to 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 — Debt Service The confirmed growth and development within the City necessitated 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) 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. The plant was completed in early 2009. $1,166,168 6 North Main /1 -10 Utility This economic development project extends 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, is the new GCCISD Memorial High School at Wallisville and N. Main that opened in August 2008. This project is under design and the final design of the northern section is dependent 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. $352,049 West District Plant Expansion — Debt Service 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 issued 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. This allocation funds the current year debt service requirement. $978,968 Aquatic Facility — Debt Service The Aquatic Needs Analysis has been completed and a Master Plan has been produced to further define the development in this recreational area. The final report provided information on utilization, feasibility of construction, and project cost estimates for aquatic facilities. The 2007 -08 budget funded the Engineering and Design. Construction began in early 2009 on the multi - million dollar aquatics facility, Pirate's Bay Waterpark, funded with $4 million authorized in the November 2007 bond election and the anticipated issuance of $6 million in Certificates of Obligation in late 2009. MDD will fund the debt service on the $6 million in CO's. $349,600 Baytown Sports League Improvements This budget provides continued funding for various improvements at little league, pony league and soccer facilities including bleacher covers, backstops, paving, trails, lighting and fencing repairs as needed. $25,000 Jenkins Park Bridges There are currently two bridges in need of replacement at Jenkins Park. One was funded by a $71,900 adjustment to the 2008 -09 MDD budget. The current allocation provides funding for the replacement of the second. The replacement of both bridges will be done in FY 2010. $86,100 Jenkins Park Parkins Lot Re- construct one of the two large parking lots at Jenkins Park originally constructed in 1979 and currently requiring multiple patches and experiencing base failures. This lot services two baseball fields, the Baytown Skate Park and the Baytown Bark Park. The centrally located parking lot will also service the new 56 acre tract that was recently purchased by the city for additional park land. $215,743 Land Acquisition — Future Parks The project provides funding to acquire future parkland. This is a continued set -aside of funds to provide an allocation that would be used as land becomes available. $50,000 Sports Complex (Parking, Fields and Lighting) The project provides for continued funding to be used as needed for park lighting, trails, parking and field improvements at the Sports Complex. $125,000 Project Administration & Overhead $250,000 Unforeseen /New Initiatives This allocation provides flexibility to allow the Board to utilize MDD funds to secure federal, state and local grant funds when available and to enhance and expand the impact that the MDD has on the economic development of the community. It will also allow funding for inflationary increases on project cost estimates. $150,000 Total MDD 2009 -2010 Budget $65.106 %D MUNICIPAL DEVELOPMENT DISTRICT (MOD ) PROGRAM FUND BUDGET SUMMARY for Fiscal Year 2009 -10 Actual Carry- forward Adopted ustments Total Allocation Estimated Carry- forward New Allacadan Total Allocation 1 2007 -08 2007.08 1 200809 1 2008.09 200" 2008-09 2008.09 2009.10 2009.10 Inning working capital 15 8.961.025 1 S 8.279.928 1 $ 2.036.4321 S 8,279.928 S 8.279,928 S 6,602.434 5 1,129,096 5 6,602,434 I I I Revenues I I Sales Taxes 4.333.839.1 1 4,275,000 4,275,000 4,500.000 4.300.0001 4,300,000 Interest on Investments 288,215 1 220,000 l I 220.000 80,000 75,0001 75,000 Intergovernmental - CMAQ grant for Goose Creek project 12,393 Contribution -2nd Baptist Church -Water line Ext 75,000 Contribution -Art League Building 20,000 ConlributionJenkins Skate Park (County) Contribution - Unidad Skate Park (County) 75,000 I Contribution-Sig nal- Garth/Inde nd Kohl's 53,200 53,200 53,200 I Miscellaneous (BuyBoard rebate 354 Total MDD Revenues $ 4,804 801 $ $ 4,495,000 $ 53,200 $ 4,441 800 4,626,800 4,375,000 4,375,000 Expenditures Economic Development Projects Development of New and Expansion of Existing Businesses and Industry 500 987,250 100.000 I 1,087,250 913.020 174,230 100,000 274,230 Econ Development Foundation - Basic Economic Development Services 200.000 - 200.000 1 200.000 1 200.000 I 200.000 200.000 e ati�Special Econ mic Dvlop ant Pe 61,829 38,171 I 82.500 120,671 71.590 49.081 75,000 124.081 Econ Development Foundation - Special Economic Development Projects -SBRLF 100,0001 110.000 17,5001 1 127,500 110,000 110,000 Property Acquisition for Economic Development 500,000 I 500,000 55,168 444.8321 300.000 744,832 Area Development -City Hall Expansion (Debt Svc ) 100,000 100,000 Unified Land Development Code 15,000 15,000 Subtotal $ 362,329 $ 1,135,421 S 1,000,000 5 100,000 5 2,035,421 1,239,778 778,143 690.000 1,468,143 Streets Drainage, Sidewalks Br Si nallsatlon Pro acts Baker Road Extension - Land Acquisition 3.500 58,500 58,500 58,500 Garth Road Median Removal Project 1,332 63.407 63,407 63,407 Garth RoadAndependence Signal 50% lod by 37,266 262,734 53,200 209,534 156,338 - Land Acquisition for New Thoroughfares 546,500 100,000 58,500 588,000 588,000 100,000 688,000 North Main/Alexander Signal Synchronization 48,032 521,277 521,277 120,000 401,277 401.277 Sidewalk- Raccoon Drive 48,363 28,879 28,879 28,879 State Infrastructure Bank Loan Repayment Decker Drive Main Lanes 377,478 - 151,000 377,478 149,000 377,478 300,000 _ _ _377,478 149,000 377,478 377,478 State Infrastructure Bank Loan Repayment Decker Drive to 146 South flyover (Debt Svc on Simm ) 151,000 149,000 300,000 Texas Avenue - Streetscape Project 37,020 416.692 250,000 I 1 666,692 225,000 441,6921 150,000 591,692 Land Acquisition - John Martin Road Realignment 26,700 Land Acquisition - Apache Meadows 25,000 1 I Market/ Wisconsin Intersection 41719 1 1 4,719 4,719 Transportation Master Plan 75.000 75,0001 1 150,000 150,000 I 150,000 Subtotal 5 604,691 5 2.070,208 $ _951,4781S 53,200 1 S 2.968,4861 1,183,3211 1,731,969 776,4781 2.508.447 O MUNICIPAL DEVELOPMENT DISTRICT (MDD ) PROGRAM FUNQ BUDGET SUMMARY for Fiscal Year 2009 -10 Actual Carry- forward Adopted Ad ustments Total Allocation Estimated Carry- forward New Allocation Total Allocation 2007 -08 2007 -08 2008-09 2008-09 200809 1 2008 -09 2008 -09 2009 -10 2009 -10 Utility Projects Baker RoadMorth Main Sanitary Sewer Study & Construction 700,822 139,708 139,708 139,708 Economic Dev. Cost Share with Developers to size New Utilities 981,515 50,000 1,031,515 100,000 931,515 50,000 981,515 -Up NE WW Treatment Plant Debt Service (60% - 2005 & 2006TWDB & 2006 CO's ) 1,161,300 - 1,164,210 1,164,210 1,164,210 - 1,166,168 1,166,168 N. Main/1 -10 Utility-Design N. Main/1 -10 Utility W &S Debt Service - ($4.5mm - 2007 CO's ) 356,037 354,680 354,680 354,680 352,049 352,049 West District Plant Expansion Debt Service - (50% - 2008 CO's ) 262,640 974,786 974,786 974,786 978,968 978,968 N. Main / 1 -10 Utility 2ND Baptist Church 225,000. 225,000 150,000 75,000 75,000 West District Plant Expansion Design 123,718 541,3981 541,398 - 541,398 541,398 Subtotal $ 2,604,517 $ 1,887,621 1 $ 2,543,676 S - $ 4431,297 2,883,384 1,547913 2,547,185 4,095,098 Parks Projects Aquatic Master Plan Implementation: Engineering, Desi n and Construction 436,401 48,599 48,599 48,599 Aquatics Master Plan Phase 1 & 2 Construction Debt Svc on $6mm 110,000 110,000 110,000 349,600 459,600 AR and Cultural Center 120,475 - - - - lBaytown Sports League Improvements 13,346 86,654 100,000 186,654 186,654 25,000 25,000 Baytown Nature Center Entryway and Misc. Improvements 151,543 50,000 201,543 201,543 201,543 East Harris County Soccer Sports Complex Water 389,016 - East Little League Land Acquisition & Im ry 1,555 1,555 Goose Creek Stream, Phase IV (80% Match CMAQ = $1,089,535 ) 15,491 283,903 283,903 283,903 - Goose Creek Stream - Trails, Docks and Picnic Shelters 125,000 125,ODD 125,000 125,000 Gray Center Renovations: Girls and Adult Softball Complex 3,655 3,655 3,655 Jenkins Park Bridges 2 71,900 71,900 71,900 86,1001 158,000 Jenkins Park Parkin Lot I 215,743 215,743 Land Acquisition - Future Parks 6,489 21,584 50,ODD 1,555 73,139 73,139 50,000 123,139 Land Acquisition Jenkins Park Expansion 405,109 - - Parks Master Plan Update 100,000 100.000 100,000 100,000 Roseland & Central Little League Parking Lot Construction Roseland Park Lighting and Other Improvements Skate Park Construction - Jenkins Park Skate Park Construction - Unidad Park 368,136 6,864 1 6,864 IS ports Complex (Parking. Fields and Lighting) - 125,000 1 125,000 125.000 125,0001 125,000 S ra rounds not specific) 125,000 125,000 - 125,000 1 125,000 Unidad Park Trail 1 49,000 49,000 49,000 49,000 Wetlands Center Improvements add ACtHeaflrvg 9,898 15,258 I 15,258 Subtotal $ 1,764,361 $ 619,615 S 635.0001$ 270,900 S 1,525,515 647,811 855,582 851,443 1,707,025 Total MDD Projects $ 5,335,898 S 5,712,865 $ 5,130 154 $ 117,700 $ 10,960,719 5,954.2941 4,913,6071 4,865,106 9,778,713 MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY for Fiscal Year 2009 -10 Actual Carry- forward Adopted Adjustments Total Allocation Estimated Carry- forward New Allocation Total Allocation I 2007 -08 2007.08 2008 -09 2008 -09 2008.09 2008 -09 2008-09 2009 -10 2009 -10 I TI- Other Project Administration and Overhead I 150,000 - 250,000 250,000 250,000 250,000 250,000 Unforeseen/New Initiatives 530,631 200,000 170,900 559,731 559,731 150,000 709,731 Subtotal $ 150,000 S 530,631 S 450,000 $ 170,900 $ 809,731 250,000 559,731 400,000 959,731 Total MOD Expenditures $ 5,485,898 $ 6,243,496 S 5,580,154 $ (53,200)1 S 11,770,450 1 6,204,294 5,473,338 5,265,106 1 10,738,444 I Revenues over under expenses 681,097 6,243,496 1,085,154 $ 7,328,650 1,677,494 5,473,338 890,106 6,363,444 I Ending working capital $ 8,279,928 S 2,036,432 I S 951,278 S $ 951,278 $ 6,602,434 $ 1,129,096 $ 238,980 $ 238,990 DEBT SERVICE PAYMENT RECAP Area Development-City Hall Expansion Debi Svc 100,000 100,000 Aquatics Master Plan Phase 1 & 2 Construction Debt Svc on $6mm 110,000 110,000 110,000 349,600 459,600 State Infrastructure Bank Loan Repayment Decker Drive Main Lanes 377,478 377,478 - 377,478 1 377,478 377,478 377,478 Decker Drive to 146 South flyover (Debt Svc on $1mm ) - 1 151.0001 149,000 300,000 149,000 151,000 149,000 300,000 NE WW Treatment Plant Debt Service (60% - 2005 & 2006 TWDB & 2006 CO's) 1,161,300 - 1,164,210 1,164,210 1,164,210 1,166,168 1,166,168 N. MairVI -10 Utility W &S Debt Service - (S4.5mm - 2007 00's ) 356,037 354,680 354,680 354,680 352,049 352,049 West District Plant Expansion Debt Service - 50% - 2008 CO's 262,640 - 1 974,786 974,786 974,786 978,968 978,968 Total Debt Service Paymentsl S 2157,455 I $ 151,000 1 $ 3,230,154 S 100,000 S 3,281,154 S 3,020,154 S 261.000 I $ 3,373,263 $ 3,&U.263;1 12 SUPPLEMENTAL INFORMATION INCLUDED FOR PLANNING PURPOSES 13 MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY • PROJECTED WORKING CAPITAL Fiscal Year 2009.10 Estimated revenue growth for p ected years: 1.5% Actual Expenditures Ca rry' forward Add Allocation I o1a Allocation Estimated arry- forward Allocation Allocation Pro ected Projected Projected Projected Projected through 9 CI= 2007-08 2008-09 I 2008.09 2009 -09 2008.09 2009 -10 2009.10 2010.11 2011 -12 2012 -13 2013 -14 2014 -15 ' Beginning warldng capital $ $ 8,279.928 S 2.036.432 $ 8279,928 $ 8279.928 $ 6,602.434 $ 1,129,096 $ 6,602.434 S 238.9901$ 59,508 $ 176,683 $ 68,494 $ 68,494 Revenues I Sales Taxes 24,856,784 1 4.275.0001 4275,000 4,500,000 4,300,000 4,300.000 4,365,0001 4.430.000 4.496.0001 4,563,0001 4,631,000 Interest on Invostrnonts 1,255,182 1 220.0001 220,000 I 80.000 75,000 75,000 76.000 77,000 78,0001 79.0001 80.000 Contributions & Miscellaneous 612.711 I (532W )l 53200 53200 - I Total MOD Revenues 26,724,677 1 1 4.441.8001 4.441.8001 4,526.800 1 4,375.000 4.375,000 4.441.0001 4,507 000 4,574,000 1 4.642.0001 4,711,000 I I I I Expenditures I I Economic Deve I I Developmenl of New and Expansion of Existing Businesses and Industry 500 987250 I 100.000 1,087250 913,020 174.230 100,000 274230 100,0DO 100,000 100,000 100.000 100,000 Econ Development Foundation - Basic Economic Development Services I 700,0001 200.000 200,0DO 200.000 200,000 200.000 200.000 200.000 200,000 200,000 200.000 Econ Development Foundation - Special Economic Development Projects 245,028 38,171 1 82,500 120,671 71,590 49,081 75,000 124,081 100,000 100,000 100,000 100,000 100,000 Econ Development Foundation - Special Economic Development P 'acts -SBRLF 100,000 110,000 17.5001 127,500 110,000 110,000 Property AcqLdsition for Economic Development _ 500,000 500,000 55,168 444,832 300,000 744,832 100,000 100,000 100,000 300,000 300,650 Area Developn*nt-City Development-City Hall Expansion Debt Svc Unified Land Development Code 37,500 15,000 15.000 Subtotal 1,083,028 1,135,421 900,000 2,035,421 1,239 778 778,143 690,000 1,468,143 500.000 500,000, 600,000 700,000 700,000 Scree DrWtwgA Sidewalks 6 Si nalizatlon Pro "s _ 58,500 Baker Road Extension - Land Acquisition I 60,319 - 58,500 58,500 Garth Road Median Removal Project 136,593 63,407 63,407 63,407 Garth Roadnndependonce Signal 50% pd by Kohls 37,266 262,734 53,200 209,534 156,338 Garth Road Si nalization Synchronization 464,651 Land Acquisition for New Thoro hfares I 546,500 41,500 588.065 588.000 100,000 688.000 100,000 100,000 100,000 100.000 100,000' North MainiAlexander Signal Synchronization 360 ,105 521,277 521277 120,000 401277 401.277 Sidewalk - Raccoon Drive 108,3631 28.879 28,879 28,879 Sidewalk Projects for Parks 62,7581 I State Infrastructure Bank Loan Repayment Decker Drive Main Lanes 2.264,868 - I 377.478 I 377.478 377,478 - I 377,478 377.478 State Infrastructure Bank loan Repayment Decker Drive to 146 South over Debt Svc on $1 mm 151,000 149,000 300,000 149,000 151,000 149,000 300,000 149,000 149,000 149,000 149,000 149,000 Texas Avenue -Scree Project 73,308 416,692 250,000 666,692 I 225,000 441,692 1 150,000 1 591,692 150.000 150.000 150,000 150,000 1 150,000 Texas Avenue Restriping I 39,505 - 1 - I Land Acquisition - John Martin Road Realignment 1 26.7001 1 1 1 Land uisition - Meadows 25,000 I I I Market / Wisconsin Intersection - 1 4,719 j 1 4.7191 4,719 - I - I i I I I Transportation Master Plan - I 75,000 1 75,0001 150,0001 150.0001 150,000 - I - I - I Subtotal 3,659,4361 2,0702081 898278 1 2,9684861 1,183.321 1,731,9691 776.4781 2,508.447 399,0001 399.000 399,0001 399.0001 399.000 UB I I Baker RoadlNorth Main Sanitary Sewer Study 8 Construction 1,014,326 139.7081 139,708 139,708 Economic Dev. Cost Share with Developers to Upsize Now Utilities - 981.515 50,000 1,031,515 100,000 931,515 50.0001 981, 515 50,000 50,000 50.000 50.000 50.000 NE WIN Treatment Plant Debt Service (60% - 2005 82006TWDB&2006CO's ) 2,645,074 - I 1,164210 1,164210 1,164,210 1,166,168 1,166,168 1,192,128 1,195,193 11199,080 1,201,581 1,208,315 N. MaiM -10 Ublity-Design 12,093 N. Main/1.10 Utility W&S Debt Service - ($4.5mm - 2007CO's ) 356, 037 354, 680 354,680 354, 680 352, 049 352, 049 349 ,003 345,542 341,665 340252 338,631 UPS UBt Station Upsizing 16213 West District Plant Expansion Debt Service - (50% - 2008CO's ) 262,640 974,786 974,786 974,786 978,968 978,968 985,751 990,491 1 997,8441 1.002,966 1,009,356 N. Main/ 1 -10 Utility 2ND Bapflit Church 225,0001 225,000 150,000 75,000 75,000 West District Plant Expansion Desl n 658. 602 541,398 541,398 541,398 541,398 Subtotal 4,864,985 1,887,621 1 2,543,676 4,431,297 1 2,883.384 1 1,547 913 21547.186 41095,098 1 2.576,882 2,581,2261 2,5M,689 1 2,594,799 2,606,303 1 m d w CUT w°�Frz4imm rngagga$ac�ga In MUM �+� ++ c�ci�c,ci^im��- ��DOa v _ IM a 2 m pis n y cc°'°' � a. 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O O• I� N G BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES State Infrastructure Loan - Decker Drive portion-60%) Issue 1 of 2 $ 3,516,310 $ 2,500,000 Date of Issue - March 1, 2005 Date of Issue - July 3, 2003 Fiscal Term - 8 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 7103 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 - 153,855 78,456 $ 2.500,000 $ 519.824 $ 3.019.824 2.75% 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 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 $ 1,224,226 $ 4,740,536 16 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES Certificate of Obligation - MDD portion-60%) Issue 2 of 2 $ 10,370,133 $ 3,925,511 Series 2006A Date of Issue - February 9, 2006 Term - 20 Years 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 $ 10,370,133 $ 3,321,586 $ 1,748,516 $ 5,070,102 Certificate of Obligation - TWDB MDD portion-60%) Issue 2 of 2 $ 10,370,133 Series 2006B Date of Issue - May 1, 2006 Term - 20 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 2101 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 17 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 2/1 Interest for Fiscal Yr Principal 2008 5.875% $ 55,385 $ 300,653 $ 356,038 $ 4,444,615 2009 5.875% 155,769 198,911 354,680 4,288,846 2010 5.875% 162,692 189,357 352,049 4,126,154 2011 5.875% 169,615 179,388 349,003 3,956,539 2012 5.875% 176,538 169,003 345,541 3,780,001 2013 5.875% 183,462 158,203 341,665 3,596,539 2014 4.375% 192,115 148,137 340,252 3,404,424 2015 3.875% 199,038 139,593 338,631 3,205,386 2016 3.875% 209,423 131,424 340,847 2,995,963 2017 4.000% 218,077 122,874 340,951 2,777,886 2018 4.000% 228,462 113,943 342,405 2,549,424 2019 4.100% 237,115 104,483 341,598 2,312,309 2020 4.125% 247,500 94,488 341,988 2,064,809 2021 4.200% 257,885 83,903 341,788 1,806,924 2022 4.250% 268,270 72,723 340,993 1,538,654 2023 4.300% 280,385 61,064 341,449 1,258,269 2024 4.350% 292,500 48,890 341,390 965,769 2025 4.400% 306,346 35,973 342,319 659,423 2026 4.400% 321,923 22,230 344,153 337,500 2027 4.450% 337,500 7,594 345,094 - 2028 4.500% $ 4,500,000 $ 2,382,832 $ 6,882,832 - Certificate of Obligation - MDD Portion $ 13,860,814 Series 2008 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 $ 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% 458,112 527,640 985,752 12,554,608 2012 3.500% 479,255 511,236 990,491 12,075,353 2013 4.000% 505,097 492,747 997,844 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 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 8,626,595 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 1,061,649 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% 967,908 115,172 1,083,080 2,086,170 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 - $ 13,860,814 $ 7,052,483 $ 20,913,297 18 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES Texas State Infrastructure Bank Loan Series 2008 Date of Issue - September 13, 2007 Term - 8 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 211 Interest for Fiscal Yr Principal 2008 4.07% $ 108,257 $ 40,700 $ 148,957 891,743 2009 4.07% 112,664 36,294 148,957 779,079 2010 4.07% 117,249 31,709 148,957 661,830 2011 4.07% 122,021 26,936 148,957 539,809 2012 4.07% 126,987 21,970 148,957 412,822 2013 4.07% 132,156 16,802 148,957 280,666 2014 4.07% 137,534 11,423 148,957 143,132 2015 4.07% 143,132 5,825 148,957 - $ 1,000,000 $ 191,660 $ 1,191,659 19 RESOLUTION NO. 134 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR, BEGINNING OCTOBER 1, 2009, AND ENDING SEPTEMBER 30, 2010; 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, 2009, and ending September 30, 2010, 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, 2009, and ending September 30, 2010. 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 vote of the Board of Directors of the Baytown Municipal Development District this the 6h day ',0T August, 2009. ,, F -Mn ,,iT•s , ' zC r r. EPHEN H. DONCARLOS, President ATTEST: r' LETfCTX�G`ARZAj1terirn Assistant Secretary APPROVED AS TO FORM: 4AaCTO RAMIREZ, SR., Ge al Counsel 20