MDD Resolution No. 309RESOLUTION NO. 309
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE
ENSUING FISCAL YEAR, BEGINNING OCTOBER 1, 2017, AND ENDING
SEPTEMBER 30, 2018; 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, 2017, and ending September 30, 2018, 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, 2017, and ending
September 30, 2018. 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 aflin
of the Baytown Municipal Development District this the 3`d
ATTE�S.T:
ItTiCIA BRYSCH, Assibtdrit Secretary
APPROVED AS TO FORM:
NACIO RAMIREZ, SR., eral Counsel
vote of the Board of Directors
August, 2017.
H. DONCARLOS,
RAKarenTiles City CoundhMunicipal Development District\Resolutions\20 I 7\Adoptl 7-18Budget.doc
Exhibit A
BAYTOWN
MUNICIPAL
DEVELOPMENT DISTRICT
(NIDD)
PROPOSED PROJECTS BUDGET
2017-18
BAYTOWN
S
BAYTOWN
MUNICIPAL DEVELOPMENT
DISTRICT (MDD)
DIRECTORS
STEPHEN H. DONCARLOS, President
CHRIS PRESLEY, Vice President
REGGIE BREWER, Secretary
LETICIA BRYSCH, Assistant Secretary
LAURA ALVARADO, Director
GARY ENGLERT, Director
MARY HERNANDEZ, Director
ROBERT C. HOSKINS, Director
DAVID P. JIRRELS, Director
CHARLES JOHNSON, Director
DAVID MCCARTNEY, Director
TERRY SAIN, Director
z
BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT
MAJOR BUDGET ISSUES
FISCAL YEAR 2017-18
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 and parks projects that provide economic benefit, diversify the economic base of
the community and improve our quality of life. The board is composed of the Mayor, six council
members and four at -large resident members.
REVENUES — Sales tax revenue is budgeted at $6,727,450, which is consistent with the 2016-
17 estimated collections. Along with other miscellaneous revenues, the total revenues for 2017-
18 are projected at $6,756,488.
EXPENDITURES — Included in this year's program are ongoing economic development
expenditures as well as improvements in the areas of streets, sidewalks, signalization, utilities
and parks. Generally, project costs may include functions such as services, construction or debt
service on long-term construction projects.
FY18 NEW PROJECTS:
Brunson Redevelopment $1,300,000
This allocation provides funding for the redevelopment of the historic Brunson Theatre.
Annual Operating Impact: Operating and maintenance costs are projected at $20, 000.
Downtown Infrastructure $600,000
This allocation provides funding for the infrastructure necessary to support the redevelopment of
the Brunson Theatre to include the parking surrounding the Citizens Bank Building and on South
Jones Street.
Annual Operating Impact. No significant operating costs are anticipated.
McElroy Park Improvements $175,000
A new restroom facility is planned to be installed at McElroy Park near the Splash Deck. The
restroom will be open to park users year round. The facility will provide a restroom for the
splash deck and park guests. This would take the place of the current Port -a -Can.
Annual Operating Impact. Operating and maintenance costs are projected at $19,138.
Median Improvements $130,000
The traffic islands at the intersections of Market Street and Main Street and Market Street and
Bayway Drive are large concrete traffic diverters at this time. With landscaping and irrigation
those small areas can be enhanced to make attractive spots along major corridors.
Annual Operating Impact: Operating and maintenance costs are projected at $3,120.
BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT
MAJOR BUDGET ISSUES
FISCAL YEAR 2017-18
Eddie Huron Park Lighting $50,000
The park at Bush road was constructed without lighting due to neighbors concern of overspray
from park lighting into backyards. With the new innovation of LED lighting we do not anticipate
any overspray issues you might have with typical lighting. The funds will be used to install LED
lighting in the parking lot, fitness area, playground and volleyball court.
Annual Operating Impact: Operating and maintenance costs are projected at $1,740.
Goose Creek Trail Improvements $111,500
The budgeted funds will replace and widen a normal street -side sidewalk to accommodate
bicyclists and pedestrians in the only remaining segment of the Goose Creek Trail that is not at
trail width or marked as a trail. It will connect the 40 Acre Woods with Goose Creek Park and
Busch Terrace Park.
Annual Operating Impact: Operating and maintenance costs are projected at $1,560.
Champion Park Trail $135,000
Residents in neighborhoods near Champions Little League Park (formerly East Little League
Park) have requested a walking trail within the park. The plan is to provide a trail upon the
maintenance area at the top of the detention pond. Due to the increase in walking for exercise
and increased emphasis on healthy lifestyles, many of the smaller parks within the city have had
walking trails added in recent years. This trail would be of reinforced concrete, six inches thick,
in order to withstand the weight of maintenance vehicles that need to travel in the area.
Annual Operating Impact. Operating and maintenance costs are projected at $1,560.
Convention Center/Hotel $1,350,000
This allocation provides funding for the debt service associated with the development of a
conference center and hotel to be located on Bayland Island.
4
MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND
FY2018 BUDGET SUMMARY
Actual Total Allocation Estimated Total Allocation
2015-16 2016-17 2016-17 2017-18
Working Capital - Beginning $ 5,017,721 $ 4,383,130 $ 4,383,130 $ 4,501,093
Revenues
Sales Taxes
Miscellaneous
6,358,732 6,602,660 6,727,450 6,727,450
24,605 22,300 28,184 29,038
Total MDD Revenues 6,383,337 6,624,960 6,755,634 6,756,488
Expenditures
Economic Development Projects
Development of New & Expanding Businesses
Economic Development Foundation Services
Development Director
Econ Development Foundation - Special Projects
Economic Incentive - San Jacinto Mall
10,674
292,190
6,299
360,891
250,000
250,000
250,000
250,000
-
180,000
89,140
138,795
144,057
218,411
-
453,411
500,000
500,000
500,000
500,000
Economic Incentive - HEB
-
150,000
150,000
150,000
Brunson Redevelopment
-
200,000
200,000
1,300,000
Property Acquisition for Economic Development
32,940
492,113
-
592,113
Total Economic Development
937,671
2,282,714
1,195,439
3,745,210
Streets, Drainage, Sidewalks & Signalization Projects
225,125
50,000
50,000
50,000
Land Acquisition for New Thoroughfares
-
261,710
-
261,710
Land for San Jacinto Blvd
-
250,000
225,120
24,880
Hunt Road Extension East of Garth
101,796
31,204
31,204
-
Downtown Infrastructure
-
-
-
600,000
Total Streets, Drainage, Sidewalks
101,796
542,914
256,324
886,590
Utility Projects
38,584
12,079
12,079
-
Cost Share with Developers to Upsize New Utilities
-
254,535
49,285
205,250
I-10 Lift Station
28,561
471,439
270,000
-
Tri City Beach Road Sewer
-
70,000
-
70,000
Total Utilities
28,561
795,974
319,285
275,250
Parks Projects
-
-
-
130,000
Aqua Loop at Pirates Bay
-
700,000
700,000
-
Baytown Sports League Improvements
37,614
79,917
79,917
50,000
Rent/Purchase of Ice Rink for Town Square
225,125
50,000
50,000
50,000
Goose Creek Trail - Phase VI
187,491
310,387
310,387
-
Land Acquisition - Future Parks
-
171,839
(1,000)
172,839
Jenkins/Holloway Park Improvements
9,463
13,353
13,353
-
Goose Creek Park Improvements
9,483
3,154
3,154
-
Completed and closed projects
3,060,611
-
-
-
Westwood Park Fence Enclosure
38,584
12,079
12,079
-
Repair Fire Fighter Memorial
-
67,250
25,378
41,872
Paint Bridge Overpasses
22,202
27,798
27,798
-
Kayak Launch (Bayland & Roseland)
-
70,000
-
70,000
Evergreen Park Bldg. Rehab
-
800,000
800,000
300,000
Evergreen Park Development
-
165,000
165,000
-
Travis Park Special Needs Playground
-
51,000
51,000
-
Jenkins Park & Wayne Gray Restrooms
-
330,000
330,000
-
Goose Creek Stream Clean Up
-
20,000
20,000
-
McElroy Park Improvements
-
-
-
175,000
Median Improvements (Market/Main & Bayway)
-
-
-
130,000
Eddie Huron Park Lighting
-
-
-
50,000
Goose Creek Trail Improvements
-
-
-
111,500
Champion Park Trail
-
-
-
135,000
Total Parks
3,590,573
2,871,777
2,587,066
1,286,211
Other
Project Administration and Overhead
300,000
300,000
300,000
300,000
Debt Service
2,059,327
1,554,557
1,554,557
3,138,982
Transfers to CIPF Fund
-
425,000
425,000
425,000
Unforeseen/New Initiatives
-
1,445,396
-
700,000
Total Other
2,359,327
3,724,953
2,279,557
4,563,982
Total MDD Expenditures
7,017,928
10,218,332
6,637,671
10,757,243
Excess (Deficit) Revenues Over Expenditures
(634,591)
(3,593,372)
117,963
(4,000,755)
Working Capital - Ending $
4,383,130 $
789,758 $
4,501,093 $
500,338
L
SUPPLEMENTAL INFORMATION
INCLUDED FOR PLANNING
PURPOSES
MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND
FY2018 BUDGET SUMMARY - PROJECTED WORKING CAPITAL
nv■-r'a P.--ucsuauwg
Revenues
Sales Taxes
Contributions & Miscellaneous
Total MDD Revenue!
Expenditures
Economic Development Projects
Development of New & Expanding Businesses
Economic Development Foundation Services
Development Director
Econ Development Foundation - Special Projects
Economic Incentive - San Jacinto Mall
Economic Incentive - HEB
Brunson Redevelopment
Property Acquisition for Economic Development
Total Economic Development
Streets, Drainage, Sidewalks & Signalization Projects
Land Acquisition for New Thoroughfares
Land for San Jacinto Blvd
Hunt Road Extension East of Garth
Downtown Infrastructure
Total Streets, Drainage, Sidewalks
Utility Projects
Cost Share with Developers to Upsize New Utilities
I-10 Lift Station
Tri City Beach Road Sewer
Total Utilities
Parks Projects
Aqua Loop at Pirates Bay
Baytown Sports League Improvements
Rent/Purchase of Ice Rick for Town Square
Park Projects
Land Acquisition - Future Parks
Sports Complex (Parking, Fields & Lighting)
Jenkins Holloway Park Improvements
Goose Creek Park Improvements
Westwood Park Fence Enclosure
Repair Fire Fighter Memorial
Paint Bridge Overpasses
Kayak Launch (Bayland & Roseland)
Evergreen Park Bldg. Rehab
Evergreen Park Development
Travis Park Playground
Jenkins Park Restrooms
Goose Creek Stream Clean Up
McElroy Park Improvements
Median Improvements (Market/Mam & Bayway)
Eddie Huron Park Lighting
Goose Creek Trail Improvements
Champion Park Trail
Future Projects
Total Parks
Other
Project Administration and Overhead
Debt Service
Transfers to CIPF Fund
Unforeseen/New Initiatives
6,299
360,891
Estimated revenue
growth for projected ears:
2.0%
Estimated
Total
250,000
250,000
250,000
250,000
250,000
Expenditures
Allocation
Projected
Projected
Projected
Projected
Projected
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
2022-23
$ 4,383,130
$ 4,501,093
$ 500,338
$ 2,356
$ 68,541
$ 237,438
S 577,012
6,727,450
6,727,450
6,862,000
6,999,000
7,139,000
7,282,000
7,428,000
28,184
29,038
1 29,800
29,800
29,800
29,800
29,800
6,755,634
6,756,488
1 6.891.800
7.028.800
7.168.800
7.311.800
7.457.800
6,299
360,891
300,000
300,000
300,000
300,000
300,000
250,000
250,000
250,000
250,000
250,000
250,000
250,000
89,140
138,795
143,000
146,000
149,000
152,000
155,000
-
453,411
150,000
100,000
100,000
100,000
100,000
500,000
500,000
150,000
150,000
150,000
150,000
150,000
150,000
150,000
150,000
150,000
150,000
150,000
150,000
200,000
1,300,000
-
-
-
-
-
-
592,113
100,000
100,000
300,000
300,000
300,000
1,195,439
3,745,210
1,243,000
1,196,000
1,399,000
1,402,000
1,405,000
-
261,710
100,000
100,000
100,000
100,000
100,000
225,120
24,880
-
-
-
-
-
31,204
-
-
-
-
-
_
-
600,000
-
-
_
-
-
256,324
886,590
100,000
100,000
100,000
100,000
100,000
49,285
205,250
150,000
150,000
150,000
150,000
150,000
270,000
-
-
-
-
-
-
-
70,000
-
-
-
-
-
319,285
275,250
150,000
150,000
150,000
150,000
150.000
700,000
79,917
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
310,387
-
500,000
500,000
500,000
500,000
500,000
(1,000)
172,839
50,000
50,000
50,000
50,000
50,000
-
-
125,000
-
-
-
-
13,353
-
-
-
-
-
_
3,154
-
-
-
_
-
12,079
-
-
-
-
_
-
25,378
41,872
-
-
-
-
-
27,798
-
-
-
_
_
-
-
70,000
-
-
-
-
-
800,000
300,000
-
-
-
-
_
165,000
-
-
-
_
_
-
51,000
-
-
-
-
-
_
330,000
-
-
-
-
-
-
20,000
-
-
-
-
-
-
-
175,000
-
-
-
-
-
-
130,000
-
-
-
-
-
-
50,000
-
-
-
-
-
-
111,500
-
-
-
-
-
-
135,000
-
-
-
-
_
-
-
1,000,000
750,000
1,000,000
1,000,000
1,000,000
587,066
1,2 86,211
1,775,000
1,400,000
1,650,000
1,650,000
1,650,000
300,000
1,554,557
425,000
Total Other 2,279,557
Total MDD Expenditures 6,637,671
Excess (Deficit) Revenues Over Expenditures 117,963
Working Capital - Ending $ 4,501,093
300,000 300,000 300,000
3,138,982 2,896,782 2,891,615
425,000 425,000 425,000
700,000 500,000 500,000
4,563.982 4.121.782 4.116.615
7
F,389,782 6,962,615
(497,982) 66,185
300,000
300,000
300,000
2,900,903
2,870,226
2,878,612
500,000
500,000
500,000
3,700,903
3,670,226
3,678,612
168,897 339,574 474,188
237.438 $ 577.012 $ 1.051.200
CITY OF BAYTOWN
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
ANNUAL REQUIREMENT TO AMORTIZE BONDED DEBT
Fiscal Principal Interest Interest Total Annual
Year Due 02/01 Due 02/01 Due 08/01 Interest Requirement
2018
1,124,216
342,025
322,740
664,765
1,788,981
2019
1,182,188
322,740
297,887
620,627
1,802,815
2020
1,221,829
297,887
271,386
569,273
1,791,102
2021
1,259,780
271,386
243,997
515,383
1,775,163
2022
1,311,885
243,997
217,129
461,126
1,773,011
2023
1,381,686
217,129
188,589
405,718
1,787,405
2024
1,438,952
188,589
158,356
346,946
1,785,898
2025
1,512,225
158,356
129,214
287,570
1,799,795
2026
1,457,957
129,214
87,650
216,864
1,674,821
2027
813,435
87,650
72,050
159,700
973,135
2028
771,159
72,050
57,755
129,805
900,964
2029
814,030
57,755
42,307
100,063
914,093
2030
837,619
42,307
26,190
68,497
906,115
2031
432,874
26,190
18,944
45,133
478,007
2032
449,796
18,944
11,297
30,241
480,037
2033
463,384
11,297
3,217
14,514
477,898
2034
107,340
3,217
1,070
4,287
111,627
2035
53,503
1,070
-
1,070
54,573
$ 16,633,858 $
2,491,803
$ 2,149,778
$ 4,641,581 $
21,275,440
8
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
Series 2010 Date of Issue: February 1, 2010 $ 6,030,000
Certificates of Obligation - Combined Tax & Revenue: MDD Allocation Only Term: 20 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 02/01 Due 02/01 Due 08/01 Interest Requirement Outstanding
2010 1.00% $ - $ - $ 84.635 $ 84.635 $ 84.635 $ 6.030.000
2011
1.00%
235,000
102,244
101,069
203,313
438,313
5,795,000
2012
1.00%
225,000
101,069
99,944
201,013
426,013
5,570,000
2013
2.00%
240,000
99,944
97,544
197,488
437,488
5,330,000
2014
2.00%
235,000
97,544
95,194
192,738
427,738
5,095,000
2015
2.00%
250,000
95,194
92,694
187,888
437,888
4,845,000
2016
3.00%
245,000
92,694
89,019
181,713
426,713
4,600,000
2017
3.00%
260,000
89,019
85,119
174,138
434,138
4,340,000
2018
3.00%
260,000
85,119
81,219
166,338
426,338
4,080,000
2019
3.50%
280,000
81,219
76,319
157,538
437,538
3,800,000
2020
3.50%
280,000
76,319
71,418
147,737
427,737
3,520,000
2021
3.50%
295,000
71,418
66,256
137,674
432,674
3,225,000
2022
3.63%
300,000
66,256
60,818
127,074
427,074
2,925,000
2023
3.75%
320,000
60,818
54,819
115,637
435,637
2,605,000
2024
4.00%
325,000
54,819
48,318
103,137
428,137
2,280,000
2025
4.00%
345,000
48,318
41,419
89,737
434,737
1,935,000
2026
4.13%
350,000
41,419
34,200
75,619
425,619
1,585,000
2027
4.25%
375,000
34,200
26,231
60,431
435,431
1,210,000
2028
4.25%
380,000
26,231
18,156
44,387
424,387
830,000
2029
4.38%
410,000
18,156
9,188
27,344
437,344
420,000
2030
4.38%
420,000
9,188
-
9,188
429,188
-
$ 6,030,000 $
1,351,188 $
1,333,579
$ 2,684,767 $
8,714,767
Call Option:
Bonds maturing on 02'0 1 2020
to 0201/2030 callable in whole or in part on any date beginning 02/01/19 @ par.
Series 2013 Date of Issue: May 26, 2013 $ 5,500,000
Tax & Revenue Certificate of Obligation: MDD Allocation Only Term: 20 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 02/01 Due 02/01 Due 08/01 Interest Requirement Outstanding
2013 $ - $ - $ 44,117 $ 44,117 $ 44,117 $ 5,500,000
2014
2.000%
216,667
81,031
78,865
159,896
376,563
5,283,333
2015
2.000%
220,000
78,865
76,665
155,529
375,529
5,063,333
2016
2.000%
225,000
76,665
74,415
151,079
376,079
4,838,333
2017
2.000%
230,000
74,415
72,115
146,529
376,529
4,608,333
2018
2.500%
235,000
72,115
69,177
141,292
376,292
4,373,333
2019
4.000%
240,000
69,177
64,377
133,554
373,554
4,133,333
2020
4.000%
243,333
64,377
59,510
123,888
367,221
3,890,000
2021
4.000%
248,333
59,510
54,544
114,054
362,388
3,641,667
2022
2.500%
255,000
54,544
51,356
105,900
360,900
3,386,667
2023
2.500%
263,333
51,356
48,065
99,421
362,754
3,123,333
2024
2.500%
270,000
48,065
44,690
92,754
362,754
2,853,333
2025
2.625%
280,000
44,690
41,015
85,704
365,704
2,573,333
2026
3.000%
286,667
41,015
36,715
77,729
364,396
2,286,667
2027
3.000%
295,000
36,715
32,290
69,004
364,004
1,991,667
2028
3.125%
305,000
32,290
27,524
59,814
364,814
1,686,667
2029
3.125%
315,000
27,524
22,602
50,126
365,126
1,371,667
2030
3.250%
325,000
22,602
17,321
39,923
364,923
1,046,667
2031
3.250%
336,667
17,321
11,850
29,171
365,838
710,000
2032
3.300%
350,000
11,850
6,075
17,925
367,925
360,000
2033
3.375%
360,000
6,075
-
6,075
366,075
-
$ 5,500,000 $
970,199 $
933,285
$1,903,484 $
7,403,484
Call Option:
Bonds maturing on 02/01/2023 to 02/01/2033 callable
in whole or in part on any date beginning 02/01/22 @ par.
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
Series 2014 Date of Issue: April 1, 2014 $ 2,100,283
General Obligation and Refunding Bonds: MDD Allocation Only Term: 20 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 02/01 Due 02/01 Due 08/01 Interest Requirement Outstanding
2014
5.000%
$ - $
- $
21,885
$ 21,885 $
21,885 $
2,100,283
2015
2.000%
115,291
37,163
36,023
73,186
188,477
1,984,992
2016
3.000%
174,064
36,023
33,412
69,434
243,498
1,810,928
2017
3.000%
152,720
33,412
31,121
64,532
217,252
1,658,208
2018
3.000%
135,056
31,121
29,095
60,216
195,272
1,523,152
2019
3.000%
140,208
29,095
26,992
56,087
196,295
1,382,944
2020
4.000%
145,728
26,992
24,077
51,069
196,797
1,237,216
2021
4.000%
130,272
24,077
21,472
45,549
175,821
1,106,944
2022
4.000%
135,792
21,472
18,756
40,228
176,020
971,152
2023
4.000%
142,048
18,756
15,915
34,671
176,719
829,104
2024
4.000%
148,304
15,915
12,949
28,864
177,168
680,800
2025
4.000%
154,560
12,949
9,858
22,807
177,367
526,240
2026
4.000%
131,744
9,858
7,223
17,081
148,825
394,496
2027
3.250%
43,424
7,223
6,517
13,740
57,164
351,072
2028
3.375%
44,896
6,517
5,760
12,277
57,173
306,176
2029
3.500%
46,368
5,760
4,948
10,708
57,076
259,808
2030
3.500%
48,208
4,948
4,105
9,053
57,261
211,600
2031
3.750%
50,048
4,105
3,166
7,271
57,319
161,552
2032
3.750%
51,888
3,166
2,193
5,359
57,247
109,664
2033
4.000%
53,728
2,193
1,119
3,312
57,040
55,936
2034
4.000%
55,936
1,119
-
1,119
57,055
-
$ 2,100,283 $
331,863 $
316,585
$ 648,448 $
2,748,731
Call Option: Bonds maturing on 02/01/2025 to 02/01/2034 callable in whole or in part on any date beginning 02/01/24 @ par
Series 2015 Date of Issue: July 7, 2015 $ 1,770,131
General Obligation and Refunding Bonds: MMD Allocation Only Term - 20 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 02/01 Due 02/01 Due 08/01 Interest Requirement Outstanding
2016 2.000% $ 21,331 $ 47,057 $ 41.308 $ 88.365 $ 109.696 $ 1.748.800
2017
5.000%
101,060
41,308
38,781
80,089
181,150
1,647,739
2018
5.000%
107,705
38,781
36,089
74,870
182,575
1,540,035
2019
5.000%
114,349
36,089
33,230
69,319
183,667
1,425,686
2020
5.000%
121,692
33,230
30,188
63,418
185,110
1,303,994
2021
5.000%
129,385
30,188
26,953
57,141
186,526
1,174,609
2022
5.000%
137,079
26,953
23,526
50,479
187,558
1,037,530
2023
5.000%
145,821
23,526
19,881
43,407
189,227
891,709
2024
5.000%
154,913
19,881
16,008
35,888
190,801
736,797
2025
5.000%
164,704
16,008
11,890
27,898
192,602
572,093
2026
5.000%
95,116
11,890
9,512
21,402
116,518
476,977
2027
5.000%
100,011
9,512
7,012
16,524
116,536
376,965
2028
3.375%
41,263
7,012
6,316
13,328
54,591
335,702
2029
3.500%
42,662
6,316
5,569
11,885
54,547
293,040
2030
3.625%
44,411
5,569
4,764
10,333
54,744
248,629
2031
3.625%
46,159
4,764
3,927
8,692
54,851
202,470
2032
3.750%
47,908
3,927
3,029
6,957
54,864
154,563
2033
3.750%
49,656
3,029
2,098
5,127
54,783
104,907
2034
4.000%
51,404
2,098
1,070
3,168
54,573
53,502
2035
4.000%
53,503
1,070
-
1,070
54,573
-
$1,770,131 $
368,208 $
321,151
$ 689,359 $
2,459,490
Call Option:
Bonds maturing on 02/01/2026
to 02/01/2035 callable in whole or in part on any date beginning 02/01/25 @ par.
10
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
aeries 2016 Date of Issue: July 19, 2016
$ 4,493,018
.eneral Obligation and Refunding Bonds: MDD Allocation Only
Term: 12 Years
Fiscal Interest Principal Interest Interest
Total Annual Principal
Year Rate Due 02/01 Due 02/01 Due 08/01
Interest Requirement Outstanding
2016
2017
$
4.0%
- $
113,441
- $
117,158
7,811
114,889
$ 7,811 $
232,047
7,811 $
345,488
4,493,018
4,379,577
2018
4.0%
386,455
114,889
107,160
222,049
608,505
3,993,122
2019
5.0%
407,631
107,160
96,969
204,129
611,761
3,585,490
2020
5.0%
431,076
96,969
86,192
183,162
614,237
3,154,415
2021
5.0%
456,789
86,192
74,773
160,965
617,754
2,697,626
2022
5.0%
484,015
74,773
62,672
137,445
621,460
2,213,611
2023
5.0%
510,484
62,672
49,910
112,583
623,067
1,703,127
2024
5.0%
540,735
49,910
36,392
86,302
627,037
1,162,392
2025
4.0%
567,961
36,392
25,033
61,424
629,386
594,431
2026
4.0%
594,431
25,033
-
25,033
619,463
0
$
4,493,018 $
771,149 $
661,802
$ 1,432,950 $
5,925,968
BAYTOWN
S
12