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MDD Resolution No. 395RESOLUTION NO. 395 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR, BEGINNING OCTOBER 1, 2020, AND ENDING SEPTEMBER 30, 2021; 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, 2020, and ending September 30, 2021, 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, 2020, and ending September 30, 2021. 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 4t1i day of June, 2020. �� rot. � .1, 4 ATT T: J LETICIA BRYSCH, Assistant Secretary ? APPROVED AS TO FORM: M KAREN L. HORNER, Interim General Counsel R:\Karen FileslCity Council\Municipal Development Dist6ct\Reso1utions\2020Vune 4\Resolution - Adopt Budget.doc EXHIBIT "A" BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT (MDD) ADOPTED PROJECTS BUDGET 2020-21 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 2 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT MAJOR BUDGET ISSUES FISCAL YEAR 2020-21 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 $5,396,600. Along with other miscellaneous revenues, the total revenues for 2020-21 are projected at $5,351,758. EXPENDITURES — Included in this year's program are ongoing economic development expenditures as well as improvements in the areas of utilities and parks. Generally, project costs may include functions such as services, construction or debt service on long-term construction projects. FY21 NEW PROJECTS: "Perfect Trail" Pilot Bundle — Jenkins Park $315,820 This allocation provides funding to create a "pilot trails packet" complete with signage, mile markers, lights, cameras, and 911 location markers along the trail system at Jenkins Park. This will provide an opportunity to create and refine a complete trail system with the overall goal of expanding the Goose Creek Trail System in the coming years. Annual Operating Impact: Operating and maintenance costs have no impact. Park Security $50,000 This allocation provides funding to purchase and enhance the park security to ensure a safe environment. Park safety is a priority in this budget's implementation plan. Annual Operating Impact: Operating and maintenance costs have no impact. Basketball Shelters $190,000 This allocation provides funding to add a metal shade structure over the current basketball courts at Lincoln Cedars and Umdad Parks. The covered court would allow for basketball to be played more often and during hot or inclement weather and to provide shade from the harmful UV from the sun. Annual Operating Impact: Operating and maintenance costs have no impact. Business Improvement Grant Program $50,000 This allocation provides funding for an economic development tool allowing the City to work with small business owners to improve the aesthetic appearance of their establishment. The 50-50 match program goal is to improve commercial/retail businesses along well -traveled City streets making the businesses welcoming to customers and making the properties more valuable. Annual Operating Impact: Operating and maintenance costs have no impact. BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT MAJOR BUDGET ISSUES FISCAL YEAR 2020-21 Baytown Revolving Loan Fund $100,000 This allocation provides funding to provide low -interest, supplemental financing to assist with business start-ups and the expansion of businesses for the purposes of creating jobs and enhancing private capital investment within the City. The goal is to assist businesses and entrepreneurs that cannot obtain 100% of economically feasible financing due to conventional interest rates and/or lending exposure limits applied by lending institutions. The BRLF supplements existing investment through the offer of low interest and subordinate financing that local lending institutions may view as "riskier" loans. Annual Operating Impact: Operating and maintenance costs have no impact. 4 MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY for Fiscal Year 2020-21 Beginning working capital Revenues Sales Taxes Rebates Investment Interest 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 Economic Development Manager Econ Development Foundation - Special Economic Development Projects Economic Development - 123 W. Defee Economic Incentive - HEB Brunson Redevelopment Convention Center Debt Service Property Acquisition for Economic Development Citizens Bank Building Texas Ave (Block 100) Development Business Improvement Grant Program Baytown Revolving Loan Fund Subtotal Actual Total Allocation Estimated Total Allocation 2018-19 2019-20 2019-20 2020-21 $ 5,464,674 $ 3,994,598 $ 3,994,598 $ 4,253,384 6,613,819 6,866,908 6,866,908 5,396,600 (87.818) (84,510) (84,510) (59,842) 93,752 43,603 43,603 15,000 11,201 11,090 11,090 - 2, 603 - - - 6,633,557 6,837,091 6,837,091 5,351,758 87,959 203,966 57,108 375,250 250,000 250,000 250,000 250,000 79,675 143,857 150,696 156,544 94,680 177,715 40,000 150,000 - 75,000 75,000 - 300,000 300,000 300,000 150,000 1,260,110 - 984 - 1,154,975 1,154, 975 1,154,975 1,600,000 418,777 421,431 - 400,000 - 1,200,000 300,000 1,400,000 25,323 270,000 - - - - - 50,000 - - - 100,000 3,671,499 4,196,944 2,328,763 4,631,794 Streets, Drainage, Sidewalks & Signalization Projects Land Acquisition for New Thoroughfares - 161,710 - - Downtown Infrastructure 425,009 360,000 - - Subtotal 425,009 521,710 - Utility Projects Economic Dev. Cost Share with Developers to Upsize New Utilities 1-10 Lift Station NE WW Treatment Plant Debt Service (60% 2014, 2015 & 2016 GO's Refunding) Year 7 of 21 Tri City Beach Road Sewer Subtotal Parks Projects Aquatics Master Plan Phase 1 & 2 Construction (Debt Svc on $6mm) Year 2 of 12 Pirates Bay Waterpark Expansion (Debt Service on $5.5mm) Year 8 of 20 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 - 55,250 - - 251,439 251,439 991,723 996,144 996,144 953,813 70,000 - - 991,723 1,372,833 996,144 1,205,252 437,538 373,554 54,094 101,208 8,500 6,615 425,000 625,465 5 419,238 367,221 50,000 100,000 210,000 61,872 419,238 367,221 50,000 98,397 210,000 15,000 394,850 362,387 50,000 100,000 MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY for Fiscal Year 2020-21 Beginning working capital Revenues Sales Taxes Rebates Investment Interest 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 Economic Development Manager Econ Development Foundation - Special Economic Development Projects Economic Development - 123 W. Defee Economic Incentive - HEB Brunson Redevelopment Convention Center Debt Service Property Acquisition for Economic Development Citizens Bank Building Texas Ave (Block 100) Development Business Improvement Grant Program Baytown Revolving Loan Fund Subtotal Actual Total Allocation Estimated Total Allocation 2018-19 2019-20 2019-20 2020-21 $ 5,464,674 $ 3,994,598 $ 3,994,598 $ 4,253,384 6,613,819 6,866,908 6,866,908 5,396,600 (87,818) (84,510) (84,510) (59,842) 93,752 43,603 43,603 15,000 11,201 11,090 11,090 - 2,603 - - - 6,633,557 6,837,091 6,837,091 5,351,758 87,959 203,966 57,108 375,250 250,000 250,000 250,000 250,000 79,675 143,857 150,696 156,544 94,680 177,715 40,000 150,000 - 75,000 75,000 - 300,000 300,000 300,000 150,000 1,260,110 - 984 - 1,154,975 1,154,975 1,154,975 1,600,000 418,777 421,431 - 400,000 - 1,200,000 300,000 1,400,000 25,323 270,000 - - - - - 50,000 - - - 100,000 3,671,499 4,196,944 2,328,763 4,631,794 Streets, Drainage, Sidewalks & Signalization Projects Land Acquisition for New Thoroughfares - 161,710 - Downtown Infrastructure 425,009 360,000 - - Subtotal 425,009 521,710 - - Utility Projects Economic Dev. Cost Share with Developers to Upsize New Utilities 1-10 Lift Station NE WW Treatment Plant Debt Service (60% 2014, 2015 & 2016 GO's Refunding) Year 7 of 21 Tri City Beach Road Sewer Subtotal Parks Projects Aquatics Master Plan Phase 1 & 2 Construction (Debt Svc on $6mm) Year 2 of 12 Pirates Bay Waterpark Expansion (Debt Service on $5.5mm) Year 8 of 20 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 55,250 251,439 251,439 991,723 996,144 996,144 953,813 70,000 - - 991,723 1,372,833 996,144 1,205,252 437,538 419,238 419,238 394,850 373,554 367,221 367,221 362,387 54,094 50,000 50,000 50,000 101,208 100,000 98,397 100,000 8,500 - - - 6,615 210,000 210,000 - - 61,872 15,000 - 425,000 - - - MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY for Fiscal Year 2020-21 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 Holloway Park Tennis Courts Central Heights Park Basketball Cover Median Beautification Lighting for Jenkins Dog Park Crocket & Baybrook Connect Trail JC Holloway Parking Lot Improvements Park Development (Russell Park) Goose Creek Trail Phase VI & VII "Perfect Trail" Pilot Bundle - Jenkins Park (lighting, signage & security cameras) Park Security Basketball Shelters 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 I 2018-19 2019-20 2019-20 2020-21 625,465 - 20,000 - 5,893 - - - 8,405 38,079 38,079 - 109,037 1,040,782 190,639 850,143 7,300 460,000 1,330,747 - 129,640 15,360 4,727 - 100,000 100,000 49,965 - - 13,000 - - - 85,083 - - - 16,355 49,048 49,048 50,000 101,743 37,053 - - 6, 000 - - 151, 008 125,000 - - - 300,000 - 300,000 - 150,000 75,000 75,000 - - - 350,000 - - - 50,000 - - - 190,000 2,715,403 3,543,653 2,948,097 2,772,380 7,803,634 9,635,140 6,273,004 8,609,426 300,000 425,000 300,000 300,000 - 5,301 5,301 695,716 300,000 430,301 305,301 995,716 8,103,634 10,065,441 6,578,305 9,605,142 (1,470,077) (3,228,350) 258,786 (4,253,384) Ending working capital $ 3,994,598 $ 766,247 $ 4,253,384 $ - MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY - PROJECTED WORKING CAPITAL Fiscal Year 2020-21 Estimated revenue growth for projected years: 2.0 Estimated Total Expenditures Allocation Projected Projected Projected Projected Projected 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Revenues Sales Taxes 6,866,908 5,396,600 5,505,000 5,621,054 5,826,823 5,943,000 6,062,000 Rebates (84,510) (59,842) (61,000) (62,000) (63,000) (64,000) (65,000) Investment Interest 43,603 15,000 15,000 15,000 15,000 15,000 15,000 Loan Repayments 11.090 - - - - - - Total MDD Revenues Expenditures Economic Development Projects Development of New and Expansion of Existing Businesses and Industry Econ Development Foundation - Basic Economic Development Services Economic Development Manager Econ Development Foundation - Special Economic Development Projects Economic Development- 123 W. Defee Economic Incentive - HEB Brunson Redevelopment Convention Center Debt Service Property Acquisition for Economic Development Citizens Bank Building Business Improvement Grant Program Baytown Revolving Loan Fund 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 1-10 Lift Station NE W W Treatment Plant Debt Service (60% 2014, 2015 & 2016 GO's Refunding) Year 7 of 21 Tri City Beach Road Sewer Subtotal Parks Projects Aquatics Master Plan Phase 1 & 2 Construction (Debt Svc on $6mm) Year 2 of 12 Pirates Bay Waterpark Expansion (Debt Service on $5.5mm) Year 8 of 20 Baytown Sports League Improvements Rent/Purchase of Ice Rink for Town Square Land Acquisition - Future Parks (Ginger Creek) Repair Fire Fighter Memorial City Gateway Project III Park Operations Center Dredging - Bayland Marina & Channels Ward Road Walking Loop Trail EPA Tree Planting Project Median Beautification Park Development (Russell Park) Goose Creek Trail Phase VI & VII "Perfect Trail" Pilot Bundle - Jenkins Park (lighting, Park Security Basketball Shelters 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 57,108 375,250 300,000 300,000 300,000 300,000 300,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 150,696 156.544 149,000 152,000 155,000 158,000 161,000 40,000 150,000 100,000 100,000 100,000 100,000 100,000 75,000 - - - - - - 300,000 150,000 150,000 150.000 150,000 150,000 150,000 984 - - - - - - 1,154, 975 1,600, 000 1,600.000 1,600,000 1,600, 000 1,600, 000 1,600,000 - 400,000 100,000 100,000 300,000 300,000 300,000 300,000 1,400,000 - - - - - - 50,000 - - - - - 100,000 2.328,763 4.631,794 2.649.000 2.652.000 2.855.000 2.858.000 2.861.000 - - 100,000 100,000 100,000 100,000 100.000 100,000 100,000 100,000 100,000 100,000 - - 150,000 150,000 150,000 150,000 150,000 - 251,439 - - - - - 996,144 953,813 958,750 962,725 968,718 973,066 871,663 996,144 1,205, 252 1,108, 750 1,112, 725 1,118, 718 1,123, 066 1,021,663 419,238 394,850 389,050 396,575 392,350 397,825 386,450 367,221 362,387 360,900 362,754 362,754 365,704 364,396 50,000 50,000 50,000 50,000 50,000 50,000 50,000 98,397 100,000 100,000 100,000 100,000 100,000 - 210,000 - - - - - - 15,000 - - - - - - 38,079 - - - - - - 190,639 850,143 - - - - - 1,330,747 - - - - - - 4,727 - - - - - - 100,000 - - - - - - 49,048 50,000 - - - - - - 300,000 - - - - - 75,000 75,000 - - - - - - 350,000 - - - - - - 50,000 - - - - - - 190,000 - - - - - 326,300 99,405 428,491 2,948,097 2,772,385 1126,250 909,329 905,104 1,012,934 1,229,337 300,000 5,301 300,000 695.716 300,000 75,000 300,000 600,000 300,000 500,000 300,000 500,000 300,000 500,000 305,301 995,716 375,000 800,000 800,000 800,000 800,000 6,578,305 9,605,142 5,459,000 5,574,054 5,778,823 5,894,000 6,012,000 258,786 (4,253,384) - - - - - 4,253,384 _ _ _ SUPPLEMENTAL INFORMATION INCLUDED FOR PLANNING PURPOSES MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROGRAM FUND BUDGET SUMMARY - PROJECTED WORKING CAPITAL Fiscal Year 2020-21 Estimated revenue growth for projected years: 2.0% Estimated Total Expenditures Allocation Projected Projected Projected Projected Projected 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Revenues Sales Taxes 6,866,908 5,396,600 5,505,000 5,621,054 5,826,823 5,943,000 6,062,000 Rebates (84,510) (59,842) (61,000) (62,000) (63,000) (64,000) (65,000) Investment Interest 43,603 15,000 15,000 15,000 15,000 15,000 15,000 Loan Repayments 11.090 - - - - - - Total MDD Revenues Expenditures Economic Development Projects Development of New and Expansion of Existing Businesses and Industry Econ Development Foundation - Basic Economic Development Services Economic Development Manager Econ Development Foundation - Special Economic Development Projects Economic Development - 123 W. Defee Economic Incentive - HEB Brunson Redevelopment Convention Center Debt Service Property Acquisition for Economic Development Citizens Bank Building Business Improvement Grant Program Baytown Revolving Loan Fund 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 1-10 Lift Station NE WW Treatment Plant Debt Service (60 % 2014, 2015 & 2016 GO's Refunding' Year 7 of 21 Tri City Beach Road Sewer Subtotal Parks Projects Aquatics Master Plan Phase 1 & 2 Construction (Debt Svc on $6mm) Year 2 of 12 Pirates Bay Waterpark Expans,on (Debt Service on $5.5mm) Year 8 of 20 Baytown Sports League Improvements Rent/Purchase of Ice Rink for Town Square Land Acquisition - Future Parks (Ginger Creek) Repair Fire Fighter Memorial City Gateway Project III Park Operations Center Dredging - Bayland Marina & Channels Ward Road Walking Loop Trail EPA Tree Planting Project City Wide Landscaping Park Development (Russell Park) Goose Creek Trail Phase VI & VII "Perfect Trail" Pilot Bundle - Jenkins Park (lighting, Park Security Basketball Shelters 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 57,108 375,250 300,000 300,000 300,000 300,000 300,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 150.696 156,544 149,000 152,000 155,000 158,000 161,000 40,000 150,000 100,000 100,000 100,000 100,000 100,000 75,000 - - - - - - 300,000 150,000 150,000 150,000 150,000 150,000 150,000 984 - - - - - - 1,154,975 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 1,600,000 - 400,000 100,000 100,000 300,000 300,000 300,000 300,000 1,400,000 - - - - - - 50,000 - - - - - 100,000 2.328.763 4.631%2.649.000 2.652.000 2.855.000 2.858.000 2.861.000 - - 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 - - 150,000 150,000 150,000 150,000 150,000 - 251,439 - - - - - 996,144 953,813 958,750 962,725 968,718 973,066 871,663 419,238 394,850 389,050 396,575 392,350 397,825 386,450 367,221 362,387 360,900 362,754 362,754 365,704 364,396 50,000 50,000 50,000 50,000 50,000 50,000 50,000 98,397 100,000 100,000 100,000 100,000 100,000 - 210,000 - - - - - - 15,000 - - - - - - 38,079 - - - - - - 190,639 850,143 - - - - - 1,330,747 - - - - - - 4,727 - - - - - - 100,000 - - - - - - 49,048 50,000 - - - - - - 300,000 - - - - - 75,000 75,000 - - - - - - 350,000 - - - - - - 50,000 - - - - - 190,000 - - 326,300 99,405 428,491 2,948,097 2,772,385 1,226,250 909,329 905,104 1,012,934 1,229,337 300.000 300,000 300,000 300,000 300,000 300,000 300,000 5,301 695.716 75,000 500,000 500,000 500,000 500,000 305.301 995,716 375,000 800,000 800,000 800,000 800,000 6,578,305 9,605,142 5,459,000 5,574,054 5,778,823 5,894,000 6,012,000 258,786 (4,253,384) - - - - - 4,253,384 a 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 2021 1,254,780 240,699 215,572 456,271 1,711,051 2022 1,301,885 215,572 191,242 406,814 1,708,699 2023 1,366,686 191,242 164,126 355,368 1,722,054 2024 1,423,952 164,126 135,744 299,871 1,723,822 2025 1,492,225 135,744 108,626 244,370 1,736,595 2026 1,432,957 108,626 80,925 189,551 1,622,508 2027 788,435 80,925 66,294 147,219 935,654 2028 746,159 66,294 52,974 119,268 865,427 2029 784,030 52,974 38,894 91,869 875,899 2030 802,619 38,894 26,190 65,084 867,702 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 $ 12,900,625 $ 1,355,814 $ 1,115,115 $ 2,470,930 $ 15,371,555 9 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 10 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 2020 0 5.000% 5.000% 5.000% 5.000% $ 21,331 $ 101,060 107,705 114,349 121,692 47,057 41,308 38,781 36,089 33,230 41,-M 38,781 36,089 33,230 30,188 Zb ns,in 3 80,089 74,870 69,319 63,418 iuv,ovo a 181,150 182,575 183,667 185,110 1,/' O,bVV 1,647,739 1,540,035 1,425,686 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 $ - $ - $ 7,811 $ /,2511 s /,2511 1, 4,4y3,V16 2017 4.000% 113,441 117,158 114,889 232,047 345,488 4,379,577 2018 4.000% 386,455 114,889 107,160 222,049 608,505 3,993,122 2019 5.000% 407,631 107,160 96,969 204,129 611,761 3,585,490 2020 5.000% 431,076 83,825 73,048 156,874 587,949 3,154,415 2021 5.000% 456,789 73,048 61,629 134,677 591,466 2,697,626 2022 5.000% 484,015 61,629 49,528 111,157 595,172 2,213,611 2023 5.000% 510,484 49,528 36,766 86,295 596,779 1,703,127 2024 5.000% 540,735 36,766 23,248 60,014 600,749 1,162,392 2025 4.000% 567,961 23,248 11,889 35,136 603,097 594,431 2026 4.000% 594,431 11,889 - 11,889 606,319 - $4,493,018 $ 679,141 $ 582,938 $1,262,078 $ 5,755,096 11 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES aeries 2019 Date of Issue: May 2, 2019 $ 3,595,000 ieneral 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 2020 3.5% $ - $ 280,000 - $ 58,075 48,046 53,875 $ 48,046 $ 111,950 48,046 $ 391,950 3,595,000 3,315,000 2021 3.5% 290,000 53,875 50,975 104,850 394,850 3,025,000 2022 3.6% 290,000 50,975 48,075 99,050 389,050 2,735,000 2023 3.8% 305,000 48,075 43,500 91,575 396,575 2,430,000 2024 4.0% 310,000 43,500 38,850 82,350 392,350 2,120,000 2025 4.0% 325,000 38,850 33,975 72,825 397,825 1,795,000 2026 4.1% 325,000 33,975 27,475 61,450 386,450 1,470,000 2027 4.3% 350,000 27,475 20,475 47,950 397,950 1,120,000 2028 4.3% 355,000 20,475 13,375 33,850 388,850 765,000 2029 4.4% 380,000 13,375 5,775 19,150 399,150 385,000 2030 4.4% 385,000 5,775 - 5,775 390,775 - $ 3,595,000 $ 394,425 $ 384,396 $ 778,821 $ 4,373,821 12 AYTOWN S 13