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2013 05 02 MDD MinutesMINUTES OF THE REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT May 02, 2013 The Board of Directors of the Baytown Municipal Development District (MDD) met in a Regular Meeting on Thursday, May 02, 2013, at 4:32 P.M., in the Hullum Conference Room of the Baytown City Hall, 2401 Market Street, Baytown, Texas with the following in attendance: Stephen DonCarlos Scott Sheley Brandon Capetillo Gary Englert Mary Hernandez Robert Hoskins Dave Jirrels David McCartney Mercedes Renteria Terry Sain President Vice President Director Director Director Director Director Director Director Director Robert D. Leiper General Manager Ignacio Ramirez, Sr. General Counsel Jason Cozza Deputy Assistant Secretary President DonCarlos convened the May 02, 2013, Municipal Development District (MDD) Board Regular Meeting with a quorum present at 4:32 P.M., all members were present with the exception of Director Reggie Brewer who was absent. 1. MINUTES a. Consider approving the minutes of the Baytown Municipal Development District (MDD) Board Regular Meeting held on March 07, 2013. A motion was made by Director Terry Sain and seconded by Director Mercedes Renteria III approving the March 07, 2013, MDD Board Regular Meeting minutes. The vote was as follows: Ayes: Director Brandon Capetillo, President Stephen H. DonCarlos, Director Gary Englert, Director Mary Hernandez, Director Robert C. Hoskins, Director David P. Jirrels, Director David McCartney, Director Mercedes Renteria III, Director Terry Sain, Vice President Scott Sheley Nays: None Other: Secretary Reggie Brewer (Absent) MDD Board Regular Meeting Minutes May 02, 2013 Page 2 of 5 Approved 2. PROPOSED RESOLUTIONS a. Consider a resolution authorizing the First Amendment to the Development Project Contract with The Baytown Little Theater Incorporated. General Manager Leiper presented the agenda item and stated that in 2012 the District and Baytown Little Theater (BLT) entered into an agreement for a development project consisting of the construction of a new 37,000 square foot theater within the District's boundaries and near the intersection of N. Main Street and Texas Avenue (the "2012 Property "). He stated that since such time, the BLT has acquired by donation additional property near the intersection of S. Main Street and Texas Avenue (the "2013 Property ") and instead of constructing a theater on the 2012 Property, the BLT desires to renovate the building on the 2013 Property. He stated that the building at that location is approximately 28,466 square feet, and the intent is to convert it into a theater and construct and maintain a parking facility for the theater on the 2012 Property. General Manager Leiper stated that the $500,000 contribution and the percentage of completion would remain the same, but some of the description in the contract needed to be changed. A representative from BLT presented a visual presentation of the preliminary drawings for the proposed new design layout. He stated that the BLT has been around since 1961, but was moved from its' primary location due to an incident involving a vehicle crashing into the building. For clarification purposes, he stated that everything that was going into the new building will go into the redeveloped building with the exception of storage. A motion was made by Vice President Scott Sheley and seconded by Director Mary Hernandez approving Resolution No. 207. The vote was as follows: Ayes: Director Brandon Capetillo, President Stephen H. DonCarlos, Director Gary Englert, Director Mary Hernandez, Director Robert C. Hoskins, Director David P. Jirrels, Director David McCartney, Director Mercedes Renteria III, Director Terry Sain, Vice President Scott Sheley Nays: None Other: Secretary Reggie Brewer (Absent) Approved RESOLUTION NO. 207 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT AUTHORIZING THE GENERAL MANAGER TO EXECUTE AND THE ASSISTANT SECRETARY TO ATTEST TO THE FIRST AMENDMENT TO THE DEVELOPMENT PROJECT CONTRACT BETWEEN THE BAYTOWN LITTLE THEATRE MDD Board Regular Meeting Minutes May 02, 2013 Page 3 of 5 INCORPORATED AND THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT REGARDING FUNDING OF A THEATRE TO BE LOCATED ON PROPERTY AT THE INTERSECTION OF S. MAIN STREET AND TEXAS AVENUE TO PROMOTE NEW OR EXPANDED BUSINESS DEVELOPMENT WITHIN THE AREA; MAKING OTHER PROVISIONS RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. 3. REPORTS a. Receive the Baytown Municipal Development District's Revenues and Expenditures Report for the Quarter Ending March 31, 2013. Finance Director, Louise Richman presented the Baytown Municipal Development District's Revenues and Expenditures Report for the Quarter Ending March 31, 2013 and stated that the sales tax revenue was 11.26% higher than the same period last year. She stated that the large project expenditures were for $190,000 to KIWI Golf and $55,000 to the Baker Road Extension Project. She stated that through March, the Parks department spent approximately 77% of its budget which includes funding for major projects such as Pirates Bay, the Hutto Road Greenway Project, Eddie Huron Phase II1, Roseland Park Improvements, and Median beautification. Ms. Richman stated that other major expenditures included the transfer of administrative costs and debt services. b. Receive the Baytown Municipal Development District's Quarterly Investment Report for the Quarter Ending March 31, 2013. Ms. Richman stated that the MDD portfolio was right at $6 million and the average interest rate was .1005 %. 4. LAND ACQUISITION a. Recess into and conduct an executive session pursuant to Texas Government Code, Section 551.072 to deliberate the potential purchase of real property for an economic development project. At 5:01 P.M., Mayor DonCarlos recessed into and conducted an executive session pursuant to Texas Government Code, Section 551.072 to deliberate the potential purchase of real property for an economic development project. At 5:01 P.M., Mayor DonCarlos reconvened the Open Meeting of the City Council Regular Meeting and announced that in accordance with Section 551.102 of the Texas Open Meetings Act, no action was taken in the Executive Session. MDD Board Regular Meeting Minutes May 02, 2013 Page 4 of 5 b. Consider a resolution authorizing an interlocal agreement with the City of Baytown for funding land acquisition for a development project. A motion was made by Director Terry Sain and seconded by Director Robert C. Hoskins approving Resolution No. 208. The vote was as follows: Ayes: Director Brandon Capetillo, President Stephen H. DonCarlos, Director Gary Englert, Director Mary Hernandez, Director Robert C. Hoskins, Director David P. Jirrels, Director David McCartney, Director Mercedes Renteria III, Director Terry Sain, Vice President Scott Sheley Nays: None Other: Secretary Reggie Brewer (Absent) Approved RESOLUTION NO. 208 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT AUTHORIZING THE PRESIDENT TO EXECUTE AN INTERLOCAL AGREEMENT WITH THE CITY OF BAYTOWN FOR FUNDING LAND ACQUISITION FOR A DEVELOPMENT PROJECT; AUTHORIZING PAYMENT OF AN AMOUNT NOT TO EXCEED TWO HUNDRED THOUSAND AND NO /100 DOLLARS ($200,000.00); MAKING OTHER PROVISIONS RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. 5. MANAGER'S REPORT There was no report. 6. ADJOURN A motion was made by Director Robert C. Hoskins and seconded by Director Terry Sain adjourning the May 02, 2013, MDD Board Regular Meeting. The vote was as follows: Ayes: Director Brandon Capetillo, President Stephen H. DonCarlos, Director Gary Englert, Director Mary Hernandez, Director Robert C. Hoskins, Director David P. Jirrels, Director David McCartney, Director Mercedes Renteria III, Director Terry Sain, Vice President Scott Sheley Nays: None Other: Secretary Reggie Brewer (Absent) MDD Board Regular Meeting Minutes May 02, 2013 Page 5 of 5 Approved With there being no further business to discuss, President DonCarlos adjourned the May 02, 2013, Municipal Development District (MDD) Board Regular Meeting at 5:02 P.M.