2011 04 07 MDD MinutesMINUTES OF THE REGULAR MEETING OF THE BOARD OF DIRECTORS
OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
April 07, 2011
The Board of Directors of the Baytown Municipal Development District (MDD) met in a
Regular Meeting on Thursday, April 07, 2011, at 4:30 P.M. which began with a tour of
an MDD funded project at 700 West Texas Avenue and reconvened in the Council
Chamber of the Baytown City Hall, 2401 Market Street, Baytown, Texas with the
following in attendance:
Stephen DonCarlos
David McCartney
Brandon Capetillo
Dee Anne Navarre
Mercedes Renteria
Terry Sain
Kevin Troller
Ignacio Ramirez, Sr
Jason Cozza
President
Secretary
Director
Director
Director
Director
Assistant General Manager
General Counsel
Deputy Assistant Secretary
President DonCarlos convened the April 07, 2011, Municipal Development District
(MDD) Board Regular Meeting with a quorum present at 4:30 P.M., all members were
present with the exception of Vice President Linares and Directors Brewer, Caskey,
Hernandez, and Sheley who were absent.
The members of the MDD Board participated in a facility tour of an MDD funded project
located at 700 West Texas Avenue, Baytown, Texas 77520.
President DonCarlos reconvened the meeting at 5:30 P.M. with a quorum present and all
members were present with the exception of the same members that were absent from the
facility tour.
1. MINUTES
a. Consider Approving Minutes of the Municipal Development District (MDD)
Board Meeting held on March 03, 2011 - Secretary.
A motion was made by Director Terry Sain and seconded by Director Brandon Capetillo
approving the March 03, 2011, Municipal Development District Board Meeting. The vote
was as follows:
Ayes: President Stephen H. DonCarlos, Secretary David McCartney,
Director Brandon Capetillo, Director Dee Anne Navarre, Director
Terry Sain
Nays: None
Other: Director Mercedes Renteria (Abstain)
Approved
2. PROPOSED RESOLUTIONS
a. Consider Baytown Municipal Development District's Investment Policy and
Strategy - Finance.
Assistant General Manager Troller presented the agenda item and stated that Resolution
No. 163 revised the Baytown Municipal Development District's Investment Policy and
Investment Strategy to update authorized investment officers, and name of the regulatory
agency certifying broker dealers and financial institutions. The changes to the policy are
as follows:
EXHIBIT A - Authorized Investment Officials:
• Mike A. Lester, City of Baytown Interim Director of Finance
• Louise Richman, City of Baytown Assistant Director of Finance
• Carl C. Currie, City of Baytown Controller
• Genie Ginzel, City of Baytown Treasurer
EXHIBIT B — Statement of Ethics and Conflicts of Interest with the names of the new
authorized investment officials:
• Mike A. Lester, City of Baytown Interim Director of Finance
• Louise Richman, City of Baytown Assistant Director of Finance
• Carl C. Currie, City of Baytown Controller
• Genie Ginzel, City of Baytown Treasurer
A motion was made by Director Terry Sain and seconded by Director Mercedes Renteria
approving Resolution No. 163.The vote was as follows:
Ayes: President Stephen H. DonCarlos, Secretary David McCartney,
Director Brandon Capetillo, Director Dee Anne Navarre, Director
Mercedes Renteria, Director Terry Sain
Nays: None
Approved
RESOLUTION NO. 163
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ADOPTING
THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT'S
INVESTMENT POLICY AND INVESTMENT STRATEGY IN
ACCORDANCE WITH THE PUBLIC FUNDS INVESTMENT ACT;
AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
3. REPORTS
a. Receive MDD Revenue and Expenditure Report for the Quarter Ending
March 31, 2011- Finance.
b. Receive MDD Quarterly Investment Report for Period Ending March 31,
2011- Finance.
Assistant General Manager Troller presented the agenda item and stated that Assistant
Finance Director Louise Richman will present the reports for agenda items 3.a. and 3.b.
Ms. Richman stated that the reports are in a more time efficient format and that the
revenues and expenditures are on target. Director Navarre requested a break down in the
administrative cost. Ms. Richman stated that the investment reports ending balance is
right at $5.4 million.
4. MANAGER'S REPORT
Assistant General Manager Troller stated that the election information can be viewed on
the City of Baytown's website.
5. ADJOURN
A motion was made by Director Terry Sain and seconded by Director Mercedes Renteria
adjourning the April 07, 2011, Municipal Development District Board Regular Meeting.
The vote was as follows:
Ayes: President Stephen H. DonCarlos, Secretary David McCartney,
Director Brandon Capetillo, Director Dee Anne Navarre, Director
Mercedes Renteria, Director Terry Sain
Nays: Nonc
Approved
With there being no flil-010- bUsiness to discuss, President Don('.'arlos adjourned the April
07, 2011, Municipal Development District (NIDD) Board Regular N/lecting at 5-37 P.M.
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