2016 04 26 MDD Minutes, SpecialMINUTES OF THE SPECIAL MEETING OF THE BOARD OF DIRECTORS
OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
April 26, 2016
The Board of Directors of the Baytown Municipal Development District (MDD) met in a
Special Meeting on Tuesday, April 26, 2016, at 4:36 P.M., in the Council Chamber of the
Baytown City Hall, 2401 Market Street, Baytown, Texas with the following in attendance:
Stephen DonCarlos
Chris Presley
Brandon Capetillo
Robert Hoskins
Dave Jirrels
David McCartney
Terry Sain
Rick Davis
Ignacio Ramirez, Sr.
Leticia Bryscb
President
Vice President
Director
Director
Director
Director
Director
General Manager
General Counsel
Assistant Secretary
President DonCarlos convened the April 26, 2016, Municipal Development District (MDD)
Board Special Meeting with a quorum present at 4:36 P.M., all members were present with the
exception of Directors Brewer, Englert, Hernandez, and Renteria who were all absent.
1. MINUTES
a. Consider approving the minutes of the Municipal Development District Board
Special Meeting held on January 28, 2016.
A motion was made by Director Terry Sain and seconded by Director Robert C. Hoskins
approving the January 28, 2016, MDD Board Special Meeting minutes. The vote was as follows:
Ayes: Director Brandon Capetillo, President Stephen H. DonCarlos, Director
Robert C. Hoskins, Director David P. Jirrels, Director David McCartney,
Vice - President Chris Presley, Director Terry Sain
Nays: None
Other: Secretary Reggie Brewer (Absent), Director Gary Englert (Absent),
Director Mary Hernandez (Absent), Director Mercedes Renteria III
(Absent)
Approved
MDD Board Special Meeting Minutes
April 26, 2016
Page 2 of 5
2. EXECUTIVE SESSION
a. Recess into and conduct an executive session pursuant to Section 551.087 of the
Texas Government Code to deliberate the offer of a financial or other incentive to a
business prospect.
At 4:36 P.M., President DonCarlos recessed into and conducted an executive session pursuant to
Section 551.087 of the Texas Government Code to deliberate the offer of a financial or other
incentive to a business prospect.
At 4:53 P.M., President DonCarlos reconvened the Open Meeting of the MDD Special Meeting
and announced that in accordance with Section 551.102 of the Texas Open Meetings Act, no
action was taken in the Executive Session.
3. PROPOSED RESOLUTIONS
a. Consider a resolution authorizing an interlocal agreement with the City of Baytown
to fund a development project.
General Counselor, Ignacio Ramirez stated that agenda item 3.a. was not ready for consideration.
b. Consider a resolution approving the Baytown Municipal Development
District's Investment Policy and Strategy Statement in accordance with the Public Funds
Investment Act.
Finance Director, Wade Nickerson presented the agenda item and stated that Resolution No.
279 approves the Baytown Municipal Development District's (MDD) Investment Policy and
Strategy Statement in accordance with the Public Funds Investment Act, Section 2256.005(e)
to include the following changes: 1) update Investment Officers, and 2) amend authorized
broker /dealers.
A motion was made by Director David McCartney and seconded by Director Robert C. Hoskins
approving Resolution No. 279. The vote was as follows:
Ayes: Director Brandon Capetillo, President Stephen H. DonCarlos, Director
Robert C. Hoskins, Director David P. Jirrels, Director David McCartney,
Vice - President Chris Presley, Director Terry Sain
Nays: None
Other: Secretary Reggie Brewer (Absent), Director Gary Englert (Absent),
Director Mary Hernandez (Absent), Director Mercedes Renteria III
(Absent)
Approved
MDD Board Special Meeting Minutes
April 26, 2016
Page 3 of 5
RESOLUTION NO. 279
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT ADOPTING THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT'S INVESTMENT POLICY IN
ACCORDANCE WITH THE PUBLIC FUNDS INVESTMENT ACT; AND
PROVIDING FOR THE EFFECTIVE DATE THEREOF.
C. Consider a resolution authorizing an interlocal agreement with the City of
Baytown for funding the engineering and professional services for the extension of Hunt
Road east of Garth Road.
General Manager Davis presented the agenda item and stated that Resolution No. 280 authorizes
an interlocal agreement with the City of Baytown for funding the engineering and professional
services for the extension of Hunt Road east of Garth Road (the "Project ").
A motion was made by Director Terry Sain and seconded by Director Robert C. Hoskins
approving Resolution No. 280. The vote was as follows:
Ayes: Director Brandon Capetillo, President Stephen H. DonCarlos, Director
Robert C. Hoskins, Director David P. Jirrels, Director David McCartney,
Vice - President Chris Presley, Director Terry Sain
Nays: None
Other: Secretary Reggie Brewer (Absent), Director Gary Englert (Absent),
Director Mary Hernandez (Absent), Director Mercedes Renteria III
(Absent)
Approved
RESOLUTION NO. 280
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT AUTHORIZING THE PRESIDENT
TO EXECUTE AND THE ASSISTANT SECRETARY TO ATTEST TO AN
AGREEMENT FOR FUNDING THE ENGINEERING AND PROFESSIONAL
SERVICES FOR THE HUNT ROAD EXTENSION EAST OF GARTH ROAD
PROJECT WITH THE CITY OF BAYTOWN; AUTHORIZING PAYMENT IN
THE AMOUNT NOT TO EXCEED ONE HUNDRED THIRTY -TWO
THOUSAND ONE HUNDRED SEVENTY AND NO /100 DOLLARS
($132,170.00); AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
MDD Board Special Meeting Minutes
April 26, 2016
Page 4 of 5
d. Consider a resolution authorizing an interlocal agreement with the City of Baytown
for the funding of the 1 -10 Lift Station Upsizing Project.
General Manager Davis presented the agenda item and stated that Resolution No. 281 authorizes
an interlocal agreement with the City of Baytown for the funding of the I -10 Lift Station
Upsizing Project assist with the capacity of the future growth along Garth Road.
A motion was made by Director Robert C. Hoskins and seconded by Vice - President Chris
Presley approving Resolution No. 281. The vote was as follows:
Ayes: Director Brandon Capetillo, President Stephen H. DonCarlos, Director
Robert C. Hoskins, Director David P. Jirrels, Director David McCartney,
Vice - President Chris Presley, Director Terry Sain
Nays: None
Other: Secretary Reggie Brewer (Absent), Director Gary Englert (Absent),
Director Mary Hernandez (Absent), Director Mercedes Renteria III
(Absent)
Approved
RESOLUTION NO. 281
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT AUTHORIZING THE PRESIDENT
TO EXECUTE AND THE ASSISTANT SECRETARY TO ATTEST TO AN
AGREEMENT FOR FUNDING THE I -10 LIFT STATION UPSIZING
PROJECT WITH THE CITY OF BAYTOWN; AUTHORIZING PAYMENT IN
THE AMOUNT NOT TO EXCEED FIVE HUNDRED THOUSAND AND
NO /100 DOLLARS ($500,000.00); AND PROVIDING FOR THE EFFECTIVE
DATE THEREOF.
4. REPORTS
a. Receive the Baytown Municipal Development District's Revenues and Expenditures
Report for the Quarter Ending March 31, 2016.
Mr. Nickerson presented the Baytown Municipal Development District's Revenues and
Expenditures Report for the Quarter Ending March 31, 2016. He stated that the sales tax
revenues came in 6% over what was brought in this time last year and that the expenditures were
at 52 %.
MDD Board Special Meeting Minutes
April 26, 2016
Page 5 of 5
b. Receive the Baytown Municipal Development District's Quarterly Investment
Report for the Quarter Ending March 31, 2016.
Mr. Nickerson presented the Baytown Municipal Development District's Quarterly Investment
Report for the Quarter Ending March 31, 2016, and stated that there was approximately $3
million dollars in the MDD portfolio with an interest rate earning of about .34 %.
5. MANAGER'S REPORT
a. Reminder that the next regularly scheduled Baytown Municipal Development
District meeting is Thursday, June 02, 2016, at 4:30 P.M., in the City Council Chamber,
2401 Market Street, Baytown, Texas, 77520.
General Manager Davis stated that MDD has a Special Meeting scheduled for May 12, 2016, at
4:30 P.M., in the City Council Chamber.
6. ADJOURN
A motion was made by Vice - President Chris Presley and seconded by Director Brandon
Capetillo adjourning the April 26, 2016, MDD Board Special Meeting. The vote was as follows:
Ayes: Director Brandon Capetillo, President Stephen H. DonCarlos, Director
Robert C. Hoskins, Director David P. Jirrels, Director David McCartney,
Vice - President Chris Presley, Director Terry Sain
Nays: None
Other: Secretary Reggie Brewer (Absent), Director Gary Englert (Absent),
Director Mary Hernandez (Absent), Director Mercedes Renteria III
(Absent)
Approved
With there being no further business to discuss, President DonCarlos adjourned the April 26,
2016, Municipal Development District (MDD) Board Special Meeting at 4:59 P.M.
AY
Leticia Brysch, AssistAd Secretary ? CO T
City of Baytown =�
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