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MDD Resolution No. 338A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR, BEGINNING OCTOBER 1, 2018, AND ENDING SEPTEMBER 30, 2019; 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, 2018, and ending September 30, 2019, 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, 2018, and ending September 30, 2019. 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 affirma06 vote of the Board of Directors of the Baytown Municipal Development District this the 2nd diK of August, 2018. DONCARLOS, ATTEST: ,y�tltil 1tf t1►P/i�. LET CIA BRYSCH, Assistant Secretary�'�� APPROVED AS TO FORM: ACID RAMIREZ, SR., General Counsel R:\Karen\Files\City Council\Municipal Development District\Resolutions\2018\August\MDD Resolution - Adopt Budget.doc Exhibit "A" BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROPOSED PROJECTS BUDGET 2018-19 BAYTOWN BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT (MDD) DIRECTORS STEPHEN H. DONCARLOS, President CHRIS PRESLEY, Vice President LAURA ALVARADO, Secretary CITY CLERK, Assistant Secretary SUHEY RIOS-ALVAREZ, Director HEATHER BETANCOURTH, Director GARY ENGLERT, Director MARY HERNANDEZ, Director DAVID HIMSEL, Director ROBERT C. HOSKINS, Director DAVID P. JIRRELS, Director CHARLES JOHNSON, Director BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT MAJOR BUDGET ISSUES FISCAL YEAR 2018-19 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 $6,862,000, which is consistent with the 2017- 18 estimated collections. Along with other miscellaneous revenues, the total revenues for 2018- 19 are projected at $6,916,744. 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. FY19 NEW PROJECTS: Dredain2 — Bayland Marina & Channels $760,000 This allocation provides funding for Dredging — Bayland Marina & Channels. Due to the impacts of Hurricane Harvey the need to dredge Bayland Marina has become an urgent priority. Typical dredging takes place every 10 years, therefore FEMA will only pay for dredge materials above and beyond the typical silting that occurs. With this dredging and no extreme events this will give our marina life for another 10 years. Annual Operating Impact. Operating and maintenance costs have no impact. Ward Road Walking Loop Trail $145,000 This allocation provides funding for the Ward Road Walking Loop Trail. Residents in the Plumwood and Eva Maude neighborhoods near Ward Road Park presented the Mayor a petition requesting a loop walking trail within the park. The residents used to use the Bowie School Park trails, but when the new school was constructed the walking trail went away. The plan is to provide a trail around the outer edges of the park and tie into the sidewalk system along Ward Road. Many of the smaller parks within the city have had walking trails added in recent years due to the increase in walking for exercise and increased emphasis on healthy lifestyles. This trail would be of reinforced concrete, 6 inches thick, so that it would stand up to maintenance vehicles that move across and along the bank on which it will be constructed. The loop trail would avoid conflicts with the little league practice fields and provide a new use for the park. Annual Operating Impact: Operating and maintenance costs are projected at $2,600 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT MAJOR BUDGET ISSUES FISCAL YEAR 2018-19 EPA Tree Planting Proi ect $100,000 This allocation provides funding for the EPA Tree Planting Project. Starting in the fall of 2018, the city will be receiving 1 million dollars in trees from ExxonMobil that will be planted across the city over the next 3 years. Although most of the funding will come from ExxonMobil, staff is anticipating some cost that will not be covered. Those items include irrigation, additional plantings and damage due to construction. Annual Operating Impact: Operating and maintenance costs have no impact Goose Creek Trail Heads $50,000 This allocation provides funding for the Goose Creek Trail Heads. There is always two main factors as to why we hear residents not using or knowing about the Goose Creek Trail and that is they don't know where it is at. This request would start the initiative to a trail head system that would make residents have a way to identify entry points to the Goose Creek Trail. These trail heads could come in a variety of forms that would be selected at a later date. Signage will also provide attractive identification of the Goose Creek Trail to passersby Annual Operating Impact: Operating and maintenance costs are projected at $2,600 Jenkins Park Drainage and Water Line $100,000 This allocation provides funding for Jenkins Park Drainage and Water Line. Public Works installed a new 6 inch water line into the park in 2016. The line dead ends near the pavilion. This would continue the 6" waterline and loop it back into the main line provided a loop system and additional fire protection at Jenkins Park. This would also allow for the reduction of stagnant water at the end of the line. The original section was installed to make way for the new splash deck and restroom that was installed in 2017. Drainage issues that have plagued the park for years would also be addressed. Annual Operating Impact: Operating and maintenance costs have no impact Holloway Park Tennis Courts $13,000 This allocation provides funding for the Holloway Park Tennis Courts. The Holloway Park Tennis Courts are in high demand for a renovation to the courts. The courts were last renovated almost 20 years ago and with the heavy traffic are in need of a facelift. This request would go in and level any inconsistency and then go back with a new two tone paint. Annual Operating Impact: Operating and maintenance costs have no impact Central Heights Park Basketball Cover $76,000 This allocation provides funding for Central Heights Park Basketball Cover. This request would be to add a metal shade structure over the current basketball court. The newly renovated court was completed last year and the neighborhood is requesting this court to be covered similar to NC Foote and McElroy. The covered court would allow for basketball to be played more often and during hot or in climate weather. This is an annual request from the neighborhood. Annual Operating Impact. Operating and maintenance costs have no impact BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT MAJOR BUDGET ISSUES FISCAL YEAR 2018-19 City Wide Landscavina $100,000 Each year these funds are requested to enable the Parks and Recreation Department to address landscaping and irrigation needs in parks, on thoroughfares and at other public facilities as needed or requested. Annual Operating Impact: Operating and maintenance costs are projected at $6, 000 Lighting for Jenkins Dog Park $109,000 This allocation provides funding for Lighting for Jenkins Dog Park. The Jenkins Park Dog Park has been a large success since its construction. Since its initial install, staff has received request from residents to light this area to provide the use of the area after dark especially during the hot summer months. The lights would give residual light to the entire 5 acre dog park and may utilize a solar system LED to make the install possible. This would be a great amenity to Jenkins Park. Annual Operating Impact: Operating and maintenance costs are projected at $1,740 Parks Overations Center $1,500,000 This allocation provides funding for Parks Operations Center. The Parks and Recreation Department recently celebrated 50 years in existence and during the last 46 years the Parks Division called the Park Service Center located at 1210 Park Street home. Although several upgrades and additions of the facility over the years, the Division has outgrown the building and yard that was designed for one foreman and 15 employees. With four foremen and up to 45 full and part time employees along with additional equipment to maintain over 50 parks and 120 miles of right of way the facility is packed. This request would be to construct a new Service Center building to the east at 1106 Park Street. (The old Baytown Nursing Home site) The new service center would increase workflow by providing a more streamline exit and entry of equipment as well as address the need for updated restrooms and office. The parks division employees will get a new more secure parking lot for their personal cars and can be parked in an orderly fashion. The existing Park Service Center building will be gutted and will provide space for our Pesticide application equipment and storage locations for deliveries of new playground equipment and other valuable equipment that are not heavily used but needs to be stored out of the weather. This shop has been a long ways in the making and would drastically increase productivity and more importantly the moral of our workers. Annual Operating Impact: Operating and maintenance costs are projected at $3, 000 MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY for Fiscal Year 2018-19 Beginning working capital Revenues Sales Taxes Investment Interest Miscellaneous Loan Repayments Interest on Loans Total MDD Revenues Expenditures Economic Development Projects Development of New and Expansion of Existing Businesses and Industry Econ Development Foundation - Basic Economic Development Services Development Director Econ Development Foundation - Special Economic Development Projects Economic Development - Goose Creek Economic Development - 123 W. Defee Economc Incentive - San Jacinto Mall Economic Incentive - HEB Brunson Redevelopment Property Acquisition for Economic Development Subtotal Streets, Drainage, Sidewalks & Signalization Projects Land Acquisition for New Thoroughfares Land for San Jacinto Blvd Downtown Infrastructure Subtotal Utility Projects Economic Dev. Cost Share with Developers to Upsize New Utilities I-10 Lift Station Tri City Beach Road Sewer Subtotal Parks Projects Completed and closed projects Baytown Sports League Improvements Rent/Purchase of Ice Rink for Town Square Goose Creek Trail - Phase VI Land Acquisition - Future Parks Repair Fire Fighter Memorial Kayak Launch (Bayland & Roseland) Evergreen Park Bldg Rehab Evergreen Park Development Travis Park Special Needs Playground Goose Creek Stream Clean Up McElroy Park Improvements Median Improvements (Market/Main & Bayway) Eddie Huron Park Lighting Jenkins Park Batwing Mower Goose Creek Trail Improvements City Gateway Project III Park Operations Center Dredging - Bayland Marina & Channels Ward Road Walking Loop Trail EPA Tree Planting Project Goose Creek Trail Heads 6 Total Actual Total Allocation Estimated Allocation 2016-17 2017-18 2017-18 2018-19 $ 4,383,130 $ 5,451,334 $ 5,451,334 $ 4,725,631 6,526,875 6,727,450 7,131,097 6,862,000 31,441 15,235 40,005 40,941 56,000 - - - 10,980 10,871 10,871 11,200 2,820 2,932 2,932 2,603 6,628,116 6,756,488 7,184,905 6,916,744 8,972 358,218 5,888 352,330 250,000 250,000 250,000 250,000 91,914 138,795 138,795 144,000 90,000 128,411 90,696 137,715 - 160,000 160,000 - - 75,000 75,000 - 500,000 500,000 500,000 - - 300,000 300,000 150,000 12,445 1,487,555 1,237,555 400,000 - 592,113 - 592,113 953,331 3,990,092 2,757,934 2,026,158 - 161,710 - 161,710 225,120 124,880 100,000 24,880 - 600,000 300,000 300,000 225,120 886,590 400,000 486,590 49,285 205,250 - 205,250 220,000 251,439 100,000 151,439 - 70,000 - 70,000 269,285 526,689 100,000 426,689 1,116,566 79,917 50,000 17,703 82,297 49,873 56,358 56,358 125,000 268,039 42,348 17,888 24,460 (1,000) 172,839 - 172,839 5,378 61,872 - 61,872 - 70,000 70,000 - 119,729 1,261,427 914,485 346,942 115,167 52,400 52,400 - 78,950 40,340 40,340 - - 20,000 - 20,000 - 175,000 175,000 - - 130,653 130,653 - - 50,000 50,000 - - 50,000 50,000 - - 88,521 88,521 - - 107,246 107,246 - - 70,000 - 70,000 - - - 1,500,000 - - - 760,000 - - - 145,000 - - - 100,000 - - - 50,000 MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY for Fiscal Year 2018-19 Parks Projects Jenkins Park Drainage and Water Line Holloway Park Tennis Courts Central Heights Park Basketball Cover City Wide Landscaping Lighting for Jenkins Dog Park Champion Park Trail Subtotal Total MDD Projects Other Project Administration and Overhead Debt Service Transfers to CIPF Fund Unforeseen/New Initiatives Subtotal Total MDD Expenditures Revenues over (under) expenses Total Actual Total Allocation Estimated Allocation 2016-17 2017-18 2017-18 2018-19 100,000 - - - 13,000 - - 76,000 - 100,000 - - 109,000 - 118,098 118,098 - 1,832,619 2,617,102 1,888,692 3,856,410 3,280,355 8,020,473 5,146,626 6,795,847 300,000 300,000 300,000 300,000 1,554,557 - 2,038,982 2,957,790 425,000 - 425,000 425,000 - 231,400 - 1,000,000 2,279,557 531,400 2,763,982 4,682,790 5,559,912 8,551,873 7,910,608 11,478,637 1,068,204 (1,795,385) (725,703) (4,561,893) Ending working capital $ 5,451,334 $ 3,655,949 $ 4,725,631 $ 163,738 7 SUPPLEMENTAL INFORMATION INCLUDED FOR PLANNING PURPOSES MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY - PROJECTED WORKING CAPITAL Fiscal Year 2018-19 Estimated revenue growth for projected years: 2.0% timet ata Expenditures 2017-18 Allocation 2018-19 Projected 2019-20 Projected 2020-21 Projected 2021-22 Projected 2022-23 Projected 2023-24 Beginning working capital $ 5,451,334 $ 4,725,631 $ 163,738 $ 91,358 $ 287,627 $ 416,110 $ 719,792 Revenues Sales Taxes Investment Interest Contributions 8 Miscellaneous Total MDD Revenues 7,131,097 40,005 13,803 6,862,000 40,941 13,803 6,999,000 42,000 13,800 7,139,000 43,000 13,800 7,282,000 44,000 13,800 7,428,000 45,000 13,800 7,577,000 46,000 13,800 7,184,905 6,916,744 7,054,800 7,195,800 7,339,800 7,486,800 7,636,800 Expenditures Economic Development Projects Development of New and Expansion of Existing Businesses and Industry Econ Development Foundation - Basic Economic Development 5,888 352,330 300,000 300,000 300,000 300,000 300,000 Services Development Director Econ Development Foundation - Special Economic Development 250,000 138,795 250,000 144,000 250,000 146,000 250,000 149,000 250,000 152,000 250,000 155,000 250,000 158,000 Projects Economic Development - Goose Creek and 123 W.Defee 90,696 235,000 137,715 - 100,000 50,000 100,000 - 100,000 - 100,000 - 100,000 _ Economo Incentive - San Jacinto Mall 500,000 - - - _ _ _ Economic Incentive - HEB Brunson Redevelopment 300,000 1,237,555 150,000 400,000 150,000 - 150,000 - 150,000 _ 150,000 _ 150,000 _ Property Acquisition for Economic Development Subtotal - 592,113 100,000 100,000 300,000 300,000 300,000 2,757,934 2,026,156 1,096,000 1,049,000 1,252,000 1,255,000 1,258,000 Streets, Drainage, Sidewalks & Signalization Projects Land Acquisition for New Thoroughfares Land for San Jacinto Blvd - 100,000 161,710 24,880 100,000 - 100,000 - 100,000 _ 100,000 _ 100,000 _ Downtown Infrastructure 300,000 300,000 Subtotal 400,000 486,590 100,000 100,000 100,000 100,000 100,000 Utility Projects Economic Dev. Cost Share with Developers to Upsize New Utilities - 205,250 150,000 150,000 150,000 150,000 150,000 1-10 Lift Station 100,000 151,439 - - _ _ _ Tri City Beach Road Sewer 70,000 Subtotal 100,000 426,689 150,000 150,000 150,000 150,000 150,000 Parks Projects Baytown Sports League Improvements 17,703 82,297 50,000 50,000 50,000 50,000 50,000 Rent/Purchase of Ice Rink for Town Square 56,358 125,000 50,000 50,000 50,000 50,000 50,000 Park Projects Lend Acquisition - Future Parks Repair Fire Fighter Memorial 17,888 - _ 24,460 172,839 61,872 500,000 50,000 _ 500,000 50,000 _ 500,000 50,000 _ 500,000 50,000 _ 500,000 50,000 _ Kayak Launch (Bayland 8 Roseland) 70,000 - Evergreen Park Bldg Rehab 914,485 346,942 Evergreen Park Development 52,400 Travis Park Playground 40,340 - Goose Creek Stream Clean Up - 20,000 McElroy Park Improvements 175,000 - Median Improvements (Market/Main 8 Bayway) 130,653 Eddie Huron Park Lighting 50,000 Goose Creek Trail Improvements 107,246 Batwing Mower 88,521 Jenkins Park 50,000 - City Gateway Project III - 70,000 Park Operations Center 1,500,000 Dredging - Bayland Marina & Channels 760,000 Ward Road Walking Loop Trail 145,000 EPA Tree Planting Project 100,000 Goose Creek Trail Heads 50,000 Jenkins Park Drainage and Water Line 100,000 Holloway Park Tennis Courts 13,000 Central Heights Park Basketball Cover 76,000 City Wide Landscaping 100,000 Lighting for Jenkins Dog Park 109,000 Champion Park Trail 118,098 - - - - - - Future Projects 900,000 1,250,000 1,250,000 1,250,000 1,250,000 Subtotal 1,888,692 3,856,410 1,550,000 1,900,000 1,900,000 1,900,000 1,900,000 Total MDD Projects 5,146,626 6,795,847 2,896,000 3,199,000 3,402,000 3,405,000 3,408,000 Other Project Administration and Overhead 300,000 300,000 300,000 300,000 300,000 300,000 300,000 Debt Service 2,038,982 2,957,790 3,006,180 3,000,531 3,009,317 2,978,118 2,985,962 Transfers to CIPF Fund 425,000 425,000 425,000 - - - - UndoreseenlNew Initiatives 1,000,000 500,000 500,000 500,000 500,000 500,000 Subtotal 2,763,982 4,682,790 4,231,180 3,800,531 3,809,317 3,778,118 3,785,962 Total MDD Expenditures 7,910,608 11,478,637 7,127,180 6,999,531 7,211,317 7,183,118 7,193,962 (725,703) (4,561,893) (72,380) 196,269 128,483 303,682 442,838 Revenues over (under) expenditures Ending working capital $ 4,725,631 $ 163,738 $ 91,358 $ 287,627 $ 416,110 $ 719,792 $ 1,162,630 9 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 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 $ 15,509,642 $ 2,149,778 $ 1,827,039 $ 3,976,817 $ 19,486,459 10 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 - 50,126 365,126 $6,030,000 $ 1,351,188 $ 1,333,579 $2,684,767 $ 8,714,767 17,321 Call Option: Bonds maturing on 02/01/2020 to 02/01/2030 callable in whole or in part on any date beginning 02/01/19 @ par. 2031 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. 11 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 zu14 5.000% 3 - $ - $ 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 $ 1,770,131 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 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. 12 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES ►eries 2016 Date of Issue: July 19, 2016 $ 4,493,018 ieneral Obligation and Refunding Bonds: NIDD 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 M16 2017 2018 4.0% 4.0% $ - $ 113,441 386,455 - $ 117,158 114,889 7,811 114,889 107,160 $ 7,811 $ 232,047 222,049 7,811 $ 345,488 608,505 4,493,018 4,379,577 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 13 14