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MDD Resolution No. 373RESOLUTION NO. 373 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT AUTHORIZING THE PRESIDENT TO EXECUTE THE THIRD AMENDMENT TO THE INTERLOCAL AGREEMENT WITH THE CITY OF BAYTOWN FOR FUNDING THE BRUNSON THEATER REDEVELOPMENT PROJECT; AUTHORIZING PAYMENT OF AN ADDITIONAL AMOUNT NOT TO EXCEED ONE HUNDRED TWENTY-SIX THOUSAND EIGHT AND 81/100 DOLLARS ($126,008.81); MAKING OTHER PROVISIONS RELATED THERETO; 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 Board of Directors of the Baytown Municipal Development District hereby finds that the expenditures authorized herein are for improvements, which satisfy the purposes for which the funds can be expended pursuant to Chapter 377 of the Texas Local Government Code and/or Section 3888.102 of the Special District Local Laws Code. All required findings pursuant thereto are hereby declared to have been made and adopted as findings of the Board of Directors. Section 2: That the Board of Directors of the Baytown Municipal Development District hereby authorizes the President to execute the Third Amendment to the Interlocal Agreement with the City of Baytown for funding the Brunson Theater Redevelopment Project. A copy of said amendment is attached hereto as Exhibit "A," and incorporated herein for all intents and purposes. Section 3: That the Board of Directors of the Baytown Municipal Development District hereby authorizes the payment of an additional amount not to exceed ONE HUNDRED TWENTY-SIX THOUSAND EIGHT AND 811100 DOLLARS ($126,008.81) to the City of Baytown in accordance with the agreement referenced in Section 2 hereof. Section 4: 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 11"h day of April, 2019. BRANDON CAPETILLO, President A EST: r � DEvrE`OA ETICIA BRYSCH, Ass' nt Secretary APPROVED AS TO FORM: �rrnmlN� ,AM ACIO RAMIREZ, SR., &ral Counsel '.-cob&01,legal''•.Karen\Files%City CounciMunicipal Development District\Resolutions\2019\Febtuary Brunson2ndAmendment21nterlocalResolution.doc Exhibit "A" THIRD AMENDMENT TO THE AGREEMENT FOR FUNDING THE BRUNSON REDEVELOPMENT PROJECT STATE OF TEXAS § COUNTY OF HARRIS § This Third Amendment ("Third Amendment") to that certain Interlocal Agreement for Funding of the Brunson Redevelopment Project (the "Agreement") effective on July 6, 2018, by and between the BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT, a political subdivision of the State of Texas, hereinafter called "District," and the CITY OF BAYTOWN, a home -rule municipal corporation located in Harris and Chambers Counties, Texas, hereinafter called the "City," is made by and between the same parties on the date hereinafter last specified. WHEREAS, the District desires to promote new or expanded business development within its boundaries; and WHEREAS, District and City entered into the Agreement for Funding the Brunson Redevelopment Project; however, additional funding is necessary for the completion of the Project; and WHEREAS, on December 7, 2018, the District and the City amended the Agreement to increase funding for the Project by an amount not to exceed THIRTY-SEVEN THOUSAND EIGHT HUNDRED FIFTY-SEVEN AND 60/100 DOLLARS ($37,857.60) (the "First Amendment"); and WHEREAS, on February 20, 2019, the District and the City amended the Agreement to increase funding (i) to add additional bracing at the roof deck, (ii) to frame, sheath, insulate, and paint the outer wall in offices 2 and 3, and (iii) to furnish and install conduit riser for incoming phone/data in an amount not to exceed TWENTY-FOUR THOUSAND THIRTY-TWO AND 80/100 DOLLARS ($24,032.80); WHEREAS, the District and the City desire to amend the Agreement for additional funds for moisture mitigation in an amount not to exceed ONE HUNDRED TWENTY-SIX THOUSAND EIGHT AND 81/100 DOLLARS ($126,008.81); NOW THEREFORE, for and in consideration of the premises and mutual covenants herein contained, it is agreed as follows: 1. Definitions. Unless a different meaning clearly appears from the context, words and phrases as used in this Third Amendment shall have the same meanings as in the Second Amendment, the First Amendment and the Agreement. 2. Amendments. Section 5 "Funds to be provided by the District" of the Agreement is hereby amended as follows: Section 5. Funds to be provided by the District. For and in consideration of the services to be provided by the City in furtherance of this Agreement, the District shall tender funds to the City in an amount not to exceed ONE MILLION FIVE HUNDRED ELEVEN THOUSAND EIGHT HUNDRED NINETY-NINE AND 21/100 DOLLARS ($1,511,899.21). Third Amendment to the Agreement for Funding the Brunson Theater Redevelopment Project, Page 1 3. Entire Agreement. The provisions of this Third Amendment and the provisions of the Second Amendment, the First Amendment and the Agreement should be read together and construed as one agreement provided that, in the event of any conflict or inconsistency between the provisions of this Third Amendment and the provisions of the Second Amendment, the First Amendment or the Agreement, the provisions of this Third Amendment shall control. IN WITNESS WHEREOF, the parties have made and executed this Third Amendment in multiple copies, each of which shall be an original and effective on the __._day of April, 2019. CITY OF BAYTOWN RICHARD L. DAVIS City Manager LETICIA BRYSCH City Clerk U90:1611FA0 1103 0) 3 kriI IGNACIO RAMIREZ, SR. City Attorney BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT BRANDON CAPETILLO President ATTEST: LETICIA BRYSCH Assistant Secretary APPROVED AS TO FORM: IGNACIO RAMIREZ, SR. General Counsel COBFS01 Legal\Karen Files City Council\Municipal Development District Contracts Contracts 2019 ThirdAmendment2BrunsonRedevelopmentProject.doc Third Amendment to the Agreement for Funding the Brunson Theater Redevelopment Project, Page 2