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MDD Resolution No. 377RESOLUTION NO. 377 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR, BEGINNING OCTOBER 1, 2019, AND ENDING SEPTEMBER 30, 2020; 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, 2019, and ending September 30, 2020, as finally submitted to the Board of Directors by the General Manager of said District is hereby 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, 2019, and ending September 30, 2020. 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 affirmative vote of the Board of Directors of the Baytown Municipal Development District this the 1" day of August, 2019. NDON CAPETILLO, President ZA EST: LETICIA BRYSC , Assistant Secretary APPROVED AS TO FORM: NACIO RAMIREZ, SR. neral Counsel `.COBFS01 •l-egal•.Karen'•.F'iles.City CounciWunicipal Development District Resolutions\20191August\MDD Resolution -Adopt Budget.doc EXHIBIT "A" MUNICIPAL DEVELOPMENT DISTRICT 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 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 projects that provide economic benefit and diversify the economic base of the community. BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROPOSED PROJECTS BUDGET 2019-20 BAYTOWN S BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT (MDD) DIRECTORS BRANDON CAPETILLO, 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 3 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT MAJOR BUDGET ISSUES FISCAL YEAR 2019-20 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 $6,866,908, which is consistent with the 2018- 19 estimated collections. Along with other miscellaneous revenues, the total revenues for 2019- 20 are projected at $6,837,091. 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. FY20 NEW PROJECTS: Citizens Bank Building $1,200,000 This allocation provides funding for renovation of Citizens Bank. The building will be renovated in a manner that will allow for adaptable space. The Citizens Bank building will contribute to the success of the Texas Avenue development. The building renovation will strengthen the current structure using a modern design so the space could be used for events or office space. Annual Operating Impact: Operating and maintenance costs have no impact. Park Development (Russell Park) $300,000 This allocation will put funds aside for future development of Gene and Loretta Russell Park, consisting of 17 acres on Wallisville Road east of North Main Street. Annual Operating Impact: Operating and maintenance costs have no impact. Goose Creek Trail Phase VI & VII $150,000 The Goose Creek Trail currently runs from Bayland Island at the South end to the Hutto Parkway and Baker Road. The proposed 1.47 additional miles will extend the Goose Creek trail north to intersect with the Santavy Trail and connections to the San Jacinto Blvd. Trail. The first or Phase VII of the two sections would connect the Goose Creek Stream Trail to Cedar Bayou Lynchburg road using the CenterPoint transmission corridor. This request would also tie sidewalks to the trail from Country Club Manor neighborhood and to Garth Road. The trail would connect to the Eddie Huron park trail and to the Home Depot Parking Lot. The second or Phase VIII will take the trail from Cedar Bayou Lynchburg north to the Santavy street 10 foot wide trail near the new Krogers. Both sections will follow the CenterPoint transmission corridor and will have to gain permission to do so. CenterPoint is currently under construction along the corridor and will not be completed until after the start of 2020. This request will allow for the surveys and construction drawing needed for the CenterPoint easement and permit. The consultants will be tasked with crossing Cedar Bayou Lynchburg as well. Construction will be BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT MAJOR BUDGET ISSUES FISCAL YEAR 2019-20 during FY 2021. When complete, the Goose Creek Trail will stretch 7.35 miles from Bayland Park to the San Jacinto Mall. Annual Operating Impact: Operating and maintenance costs have no impact. MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY for Fiscal Year 2019-20 Beginning working capital Revenues Sales Taxes Rebates 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 - 123 W. Defee Economc Incentive - San Jacinto Mall Economic Incentive - HEB Brunson Redevelopment Convention Center Debt Service Property Acquisition for Economic Development Citizens Bank Building Texas Ave (Block 100) Development Subtotal Actual Total Allocation Estimated Total Allocation 2017-18 2018-19 2018-19 2019-20 $ 5,451,334 $ 5,464,674 $ 5,464,674 $ 3,228,350 7,214,578 6,946,455 6,699,423 6,866,908 - (84,456) (84.456) (84,510) 83,259 40,941 86,731 43,603 11,090 11,200 11,200 11,090 2,714 2,603 - - 7,311,641 6,916,743 6,712,898 6,837,091 Streets, Drainage, Sidewalks & Signalization Projects 95,357 262,861 58,895 203,966 250,000 250,000 250,000 250,000 101,760 144,000 98,467 143,857 15,696 212,715 35,000 177,715 - 75,000 - 75,000 500,000 - - - - 450,000 300,000 300,000 404,896 1,232, 659 1,665, 547 - 1,350,000 1,154,975 1,154,975 1,154,975 592,113 315,989 421,431 - - - 1.200,000 - - 5,000 270,000 2,717,709 4,374,323 3,883,873 4,196,944 Land Acquisition for New Thoroughfares - 161,710 161,710 Land for San Jacinto Blvd 100,000 24,880 - Downtown Infrastructure 10,702 589,298 245,706 360,000 Subtotal 110,702 775,888 245.706 521,710 Utility Projects Economic Dev. Cost Share with Developers to Upsize New Utilities 1-10 Lift Station NE WW Treatment Plant Debt Service (60% 2010 & 2013 CO's & 2014, 2015 & 2016 GO's Refunding) Tri City Beach Road Sewer Subtotal Parks Projects Aquatics Master Plan Phase 1 & 2 Construction (Debt Svc on $6mm) Pirates Bay Waterpark Expansion (Debt Service on $5.5mm) 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 (Ginger Creek) 205,250 55,250 - 251,439 251,439 986,352 991,723 991,723 996,144 70,000 70,000 986,352 1,518,412 991,723 1,372,833 426,338 437,538 437,538 419,238 376,292 373.554 373,554 367.221 986,520 - - 20,594 79,406 67,572 50,000 52,279 125,000 99,128 100,000 11,038 31,310 8,500 - - 397,839 210,000 MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY for Fiscal Year 2019-20 Repair Fire Fighter Memorial Evergreen Park Land Evergreen Park Bldg Rehab Goose Creek Stream Clean Up Jenkins Park City Gateway Project III Park Operations Center Dredging - Bayland Marina & Channels Ward Road Walking Loop Trail EPA Tree Planting Project Goose Creek Trail Heads Jenkins Park Drainage and Water Line Holloway Park Tennis Courts Central Heights Park Basketball Cover City Wide Landscaping Lighting for Jenkins Dog Park Crocket & Baybrook Connect Trail JC Holloway Parking Lot Improvements Park Development (Russell Park) Goose Creek Trail Phase VI & VI Subtotal Total MDD Projects Other Project Administration and Overhead Unforeseen/New Initiatives Subtotal Total MDD Expenditures Revenues over(under)expenses Actual Total Allocation Estimated Total Allocation 2017-18 2018-19 2018-19 2019-20 - 61,872 61,872 425,000 425,000 425,000 - 835,694 425,733 600,733 - - 20,000 20,000 43,455 6,545 6,545 - 6,328 63,672 25,593 38,079 - 1,500,000 459,218 1,040,782 - 760,000 300,000 460,000 - 145,000 129,640 15,360 - 100,000 100,000 100,000 - 50,000 50,000 - - 100,000 100,000 - - 13,000 13,000 - - 76,000 76,000 - - 100,000 50,952 49,048 - 109,000 71,947 37,053 - 158,000 158,000 - - 225,000 100,000 125,000 - - - 300,000 - - - 150,000 3,183,538 5,783,469 3,652,920 3,543,653 6,998,301 12,452,092 8,774,222 9,635,140 300,000 300,000 175,000 425,000 - 392,000 - 5,301 300,000 692,000 175,000 430,301 7,298,301 13,144,092 8,949,222 10,065,441 13,340 (6,227,349) (2,236,324) (3,228,350) Ending working capital $ 5,464,674 $ (762,675) $ 3,228,350 $ - SUPPLEMENTAL INFORMATION INCLUDED FOR PLANNING PURPOSES MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY - PROJECTED WORKING CAPITAL Fiscal Year 2019-20 Estimated revenue growth for projected years: 2.0% Estimated Total Expenditures Allocation I Projected Projected Projected Projected Projected Revenues Sales Taxes Rebates 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 -123 W. Defee Economc Incentive - San Jacinto Mall Economic Incentive - HEB Brunson Redevelopment Convention Center Debt Service Property Acquisition for Economic Development Citizens Bank Building Texas Ave (Block 100) Development Subtotal Streets, Drainage, Sidewalks & Slgnalization 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 1-10 Lift Station NE W W Treatment Plant Debt Service (60% 2010 & 2013 CO's & 2014, 2015 & 2016 GO's Refunding Tri City Beach Road Sewer Subtotal Parks Projects Aquatics Master Plan Phase 1 & 2 Construction (Debt Svc on $6mm) Pirates Bay Walerpark Expansion (Debt Service on $5.5mm) Completed and closed projects Baytown Sports League Improvements RentlPurchase of Ice Rink for Town Square Goose Creek Trail - Phase VI Land Acquisition - Future Parks (Ginger Creek) Repair Fire Fighter Memorial Evergreen Park Land Evergreen Park Bldg Rehab Goose Creek Stream Clean Up Jenkins Park City Gateway Project III Park Operations Center Dredging - Bayland Marina & Channels Ward Road Walking Loop Trail EPA Tree Planting Project Goose Creek Trail Heads Jenkins Park Drainage and Water Line Holloway Park Tennis Courts Central Heights Park Basketball Cover City Wide Landscaping Lighting for Jenkins Dog Park Crocket & Baybrook Connect Trail JC Holloway Parking Lot Improvements Goose Creek Trail Phase VI & VII Future Projects Subtotal Total MDD Projects Other Project Administration and Overhead Unforeseen/New Initiatives Subtotal Total MDD Expenditures Revenues over (under) expenditures Ending working capital 6,699,423 6,866,908 7,004,000 1,144,000 7.281,000 7,433,000 7,582,000 (84.456) (84,510) (86,000) (88,000) (90.000) (92,000) (94,000) 86,731 43,603 44,000 45,000 46,000 47,000 48,000 11,200 11,090 11.000 11,000 11,000 11,000 11.000 58,895 203,966 300.000 300,000 300.000 300.000 300,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 98,467 143,857 149.000 152,000 155,000 158,000 161,000 35,000 177,715 100,000 100,000 100,000 100,000 100,000 - 75.000 - - - - - 300,000 300,000 150,000 150.000 150,000 150,000 150.000 1,665,547 - - - - - - 1,154,975 1,154,975 1,209,862 1.209,398 1,208,916 1.208,414 1.207.892 315,989 421,431 100,000 100,000 300,000 300.000 300.000 - 1.200,000 - - - - 5,000 270.000 3,883,873 4,196,944 2,258,862 2,261,398 2,463,916 2,466,414 2,468,892 - 161,710 100,000 100,000 100,000 100,000 100,000 245,706 360,000 245,706 521.710 100,000 100,000 100,000 100,000 100,000 - 55,250 150,000 150.000 150,000 150,000 150,000 - 251,439 - - - - - 991,723 996,144 980,101 985,037 989,013 995,006 999,354 - 70.000 - - - - - 437,538 419,238 419,263 408,931 412,956 406,038 408,338 373,554 367,221 362,388 360.900 362,754 362,754 365,704 67,572 50,000 50,000 50,000 50,000 50,000 50.000 99,128 100,000 50.000 50,000 50,000 50.000 50.000 8,500 500,000 500,000 500.000 500,000 500,000 - 210,000 50,000 50,000 50,000 50,000 50,000 - 61.872 - - - - - 425,000 425,000 - - - - 600,733 - - - - - - 20,000 - - - - - 6,545 - - - - - 25,593 38.079 - - - - - 459,218 1,040,782 - - - - - 300,000 460,000 - - - - - 129,640 15,360 - - - - - 100,000 100,000 - - - - - 50,000 - - - - - 100,000 - - - - - 13,000 - - - - - 76,000 - - - - - 50,952 49,048 - - - - - 71,947 37,053 - - - - - 158,000 - - - - - 100,000 125,000 - - - - - - 150,000 - - - - - 11,250,000 1 250,000 1 250 000 t 250 000 1 250 000 3,652,920 3,243,653 3,106,651 2,669,831 2,675.710 2.668,792 2,674,042 8,774,222 9,335,140 6,595,614 61166,267 6,378,640 6,380,212 6,392,288 175,000 425.000 300,000 300,000 300,000 300,000 300,000 5,301 75,000 500,000 500,000 500,000 500,000 175,000 430,301 375,000 800,000 800,000 800.000 800,000 8,949.222 9.765.441 1 6,970,614 6,966,267 7,178,640 7,180,212 7,192,288 (2,236,324) (2,928,350) 2,386 145,733 75,360 218,788 354,712 MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY - PROJECTED WORKING CAPITAL Fiscal Year 2019.20 Estimated revenue growth for projected years: 2.0% Estimated Total Expenditures Allocation I Projected Projected Projected Projected Projected Revenues Sales Taxes Rebates Investment Interest Miscellaneous Loan Repayments Interest on Loans Total MOD Revenues Expenditures Economk 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- 123 W. Defee Economc Incentive - San Jacinto Mall Economic Incentive - HEB Brunson Redevelopment Convention Center Debt Service Property Acquisition for Economic Development Citizens Bank Building Texas Ave (Block 100) Development Subtotal Streets, Drainage, Sidewalks & Signalizadon 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 1-10 Lift Station NE W W Treatment Plant Debt Service (601. 2010 & 2013 CO's & 2014, 2015 & 2016 GO's Refunding Td City Beach Road Sewer Subtotal Parks Projects Aquatics Master Plan Phase 1 & 2 Construction (Debt Svc on $6mm) Pirates Bay Waterpark Expansion (Debt Sery ce on $5.5mm) 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 (Ginger Creek) Repair Fire Fighter Memorial Evergreen Park Land Evergreen Park Bldg Rehab Goose Creek Stream Clean Up Jenkins Park City Gateway Project III Park Operations Center Dredging - Bayland Marina & Channels Ward Road Walking Loop Trail EPA Tree Planting Project Goose Creek Trail Heads Jenkins Park Drainage and Water Line Holloway Park Tennis Courts Central Heights Park Basketball Cover City Wide Landscaping Lighting for Jenkins Dog Park Crocket & Baybrook Connect Trail JC Holloway Parking Lot Improvements Goose Creek Trail Phase VI & VII Future Projects Subtotal Total MOD Projects Other Project Administration and Overhead Unforeseen/New Initiatives Subtotal Total MOD Expenditures Revenues over (under) expenditures Ending working capital 6.699,423 6.866.9081 7.004.000 7,144,000 7,287,000 7,433,000 7,582,000 (84,456) (84,510) (86.000) (88,000) (90,000) (92.000) (94,000) 86,731 43,603 44,000 45,000 46,000 47,000 48,000 11,200 11,090 11,000 11.000 11,000 11,000 11,000 58,895 203,966 300.000 300,000 300,000 300,000 300.000 250.000 250,000 250,000 250,000 250.000 250,000 250,000 98,467 143,857 149,000 152,000 155,000 158,000 161,000 35,000 177,715 100,000 100,000 100,000 100,000 100,000 - 75.000 - - - - - 300,000 300,000 150,000 150.000 150,000 150,000 150,000 1,665,547 - - - - - 1,154,975 1,154,975 1,209,862 1,209.398 1,208,916 1,208,414 1,207,892 315,989 421,431 100,000 100.000 300,000 300,000 300.000 - 1,200,000 - - - - 5.000 270,000 3,883,873 4,196,944 2,258,862 2,261,398 2,463,916 2,466,414 2,468,892 - 161.710 100,000 100,000 100.000 100,000 100,000 245,706 360,000 245,706 521,710 100.000 100.000 100,000 100.000 100,000 - 55.250 150,000 150,000 150,000 150.000 150,000 - 251.439 - - - - - 991,723 996,144 980,101 985,037 989,013 995,006 999,354 70,000 991,723 1,372,833 1,130,101 11135,037 1,139,013 1,145,006 1,149,354 437,538 419,238 419,263 408,931 412,956 406,038 408.338 373,554 367.221 362.388 360,900 362,754 362,754 365,704 67,572 50,000 50,000 50,000 50,000 50,000 50,000 99,128 100,000 50.000 50.000 50,000 50,000 50,000 8.500 500.000 500.000 500,000 500.000 500,000 - 210,000 50.000 50,000 50,000 50.000 50,000 - 61.872 - - - - - 425,000 - 425,000 - - - - 600,733 - - - - - - - 20,000 - - - - - 6,545 - - - - - - 25,593 38,079 - - - - - 459,218 1,040,782 - - - - - 300,000 460,000 - - - - - 129,640 15,360 - - - - - 100,000 100,000 - - - - - 50,000 - - - - - 100,000 - - - - - 13,000 - - - - - 76,000 - - - - - - 50,952 49,048 - - - - - 71,947 37,053 - - - - - 158,000 - - - - - 100,000 125,000 - - - - - - 150.000 - - - - - 1 250 000 11,250,001 1,250,000 1,250,000 1,250,000 3,652,920 3,243,653 3,106,651 2,669,831 2,675.710 2,668,792 2,674,042 175,000 425,000 5,301 300,000 75,000 300,000 500,000 300.000 500,000 300,000 500,000 300,000 500,000 175,000 430,301 375,000 800.000 800,000 800,000 800,000 8.949,222 9,765.441 6,970,614 6,966,267 7,178,640 7,180.212 7.192,288 (2,236,324) (2,928,350) 2.386 145,733 75,360 218,788 354,712 BAYTOWN BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ANNUAL REQUIREMENT TO AMORTIZE BONDED DEBT Fiscal Principal Interest Interest Total Annual Year Due 02/01 Due 02/O1 Due 08/01 Interest Requirement 2020 1,776,829 570,304 588,037 1,158,340 2,935,169 2021 1,834,780 588,037 549,135 1,137,172 2,971,951 2022 1,906,885 549,135 510,348 1,059,483 2,966,369 2023 1,991,686 510,348 469,589 979,937 2,971,624 2024 2,073,952 469,589 426,657 896,246 2,970,198 2025 2,172,225 426,657 384,314 810,971 2,983,196 2026 2,137,957 384,314 329,165 713,479 2,851,436 2027 1,523,435 329,165 299,397 628,562 2,151,998 2028 1,511,159 299,397 270,334 569,731 2,080,890 2029 1,579,030 270,334 239,641 509,975 2,089,005 2030 1,627,619 239,641 207,790 447,431 2,075,049 2031 1,292,874 207,790 183,344 391,133 1,684,007 2032 1,344,796 183,344 157,797 341,141 1,685,937 2033 1,393,384 157,797 131,117 288,914 1,682,298 2034 1,072,340 131,117 109,670 240,787 1,313,127 2035 1,053,503 109,670 88,600 198,270 1,251,773 2036 1,045,000 88,600 67,700 156,300 1,201,300 2037 1,085,000 67,700 46,000 113,700 1,198,700 2038 1,130,000 46,000 23,400 69,400 1,199,400 2039 1,170,000 23,400 - 23,400 1,193,400 $ 30,722,454 $ 5,652,338 $ 5,082,035 $ 10,734,373 $ 41,456,827 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES 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 4.000% $ - $ 69,177 $ 64,377 $ 133,554 $ 133,554 $ 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 $ 1,039,376 $ 953,545 $ 1,992,921 $ 7,492,921 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 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 $ - $ - $ 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. BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES Series 2015 Date of Issue: July 7, 2015 $ 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 2017 2018 2019 0 5.000% 5.000% 5.000% $ 21,331 $ 101,060 107,705 114,349 47,057 $ 41,308 38,781 36,089 41,308 38,781 36,089 33,230 $ 88,365 $ 80,089 74,870 69,319 109,696 $ 181,150 182,575 183,667 1,748,800 1,647,739 1,540,035 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. Series 2016 Date of Issue: July 19, 2016 $ 4,493,018 General 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 2018 2019 4.000% 4.000% 5.000% $ - $ 113,441 386,455 407,631 - $ 117,158 114,889 107,160 7,811 114,889 107,160 96,969 $ 7,811 $ 232,047 222,049 204,129 7,811 $ 345,488 608,505 611,761 4,493,018 4,379,577 3,993,122 3,585,490 2020 5.000% 431,076 96,969 86,192 183,162 614,237 3,154,415 2021 5.000% 456,789 86,192 74,773 160,965 617,754 2,697,626 2022 5.000% 484,015 74,773 62,672 137,445 621,460 2,213,611 2023 5.000% 510,484 62,672 49,910 112,583 623,067 1,703,127 2024 5.000% 540,735 49,910 36,392 86,302 627,037 1,162,392 2025 4.000% 567,961 36,392 25,033 61,424 629,386 594,431 2026 4.000% 594,431 25,033 - 25,033 619,463 - $4,493,018 $ 771,149 $ 661,802 $1,432,950 $ 5,925,968 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES Series 2019 Date of Issue: May 2, 2019 $ 3,595,000 General 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 2019 $ - $ - $ 48,046 $ 48,046 $ 48,046 $ 3,595,000 2020 3.5% 280,000 72,069 67,169 139,238 419,238 3,315,000 2021 3.5% 290,000 67,169 62,094 129,263 419,263 3,025,000 2022 3.6% 290,000 62,094 56,838 118,931 408,931 2,735,000 2023 3.8% 305,000 56,838 51,119 107,956 412,956 2,430,000 2024 4.0% 310,000 51,119 44,919 96,038 406,038 2,120,000 2025 4.0% 325,000 44,919 38,419 83,338 408,338 1,795,000 2026 4.1% 325,000 38,419 31,716 70,134 395,134 1,470,000 2027 4.3% 350,000 31,716 24,278 55,994 405,994 1,120,000 2028 4.3% 355,000 24,278 16,734 41,013 396,013 765,000 2029 4.4% 380,000 16,734 8,422 25,156 405,156 385,000 2030 4.4% 385,000 8,422 - 8,422 393,422 - $ 3,595,000 $ 473,775 $ 449,752 $ 923,527 $ 4,518,527 Series 2020 Date of Issue: 9/1/2019 $ 16,600,000 General Obligation: Convention Center 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 2020 4.00% 555,000 276,667 320,900 597,567 1,152,567 16,045,000 2021 4.00% 580,000 320,900 309,300 630,200 1,210,200 15,465,000 2022 4.00% 605,000 309,300 297,200 606,500 1,211,500 14,860,000 2023 4.00% 625,000 297,200 284,700 581,900 1,206,900 14,235,000 2024 4.00% 650,000 284,700 271,700 556,400 1,206,400 13,585,000 2025 4.00% 680,000 271,700 258,100 529,800 1,209,800 12,905,000 2026 4.00% 705,000 258,100 244,000 502,100 1,207,100 12,200,000 2027 4.00% 735,000 244,000 229,300 473,300 1,208,300 11,465,000 2028 4.00% 765,000 229,300 214,000 443,300 1,208,300 10,700,000 2029 4.00% 795,000 214,000 198,100 412,100 1,207,100 9,905,000 2030 4.00% 825,000 198,100 181,600 379,700 1,204,700 9,080,000 2031 4.00% 860,000 181,600 164,400 346,000 1,206,000 8,220,000 2032 4.00% 895,000 164,400 146,500 310,900 1,205,900 7,325,000 2033 4.00% 930,000 146,500 127,900 274,400 1,204,400 6,395,000 2034 4.00% 965,000 127,900 108,600 236,500 1,201,500 5,430,000 2035 4.00% 1,000,000 108,600 88,600 197,200 1,197,200 4,430,000 2036 4.00% 1,045,000 88,600 67,700 156,300 1,201,300 3,385,000 2037 4.00% 1,085,000 67,700 46,000 113,700 1,198,700 2,300,000 2038 4.00% 1,130,000 46,000 23,400 69,400 1,199,400 1,170,000 2039 4.00% 1,170,000 23,400 - 23,400 1,193,400 - 16,600,000 3,858,667 3,582,000 7,440,667 24,040,667