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MDD Resolution No. 211 RESOLUTION NO, 211 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR, BEGINNING OCTOBE'R 1, 2013, AND ENDING SEPTEMBER 30, 2014; 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, 2013, and ending September 30, 2014, 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, 2013, and ending September 30, 2014. 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 o of the Board of Directors of the Baytown Municipal Development District this the Is` day of ugust, 2013. 'it e h S -PI-ILN 1-1. DONCARLOS, President Is Ja LETICI j A BRYS014, 1s*a'ru retary APPROVED AS TO FORM: 4GAMIO RAMIREL, SR., Gen ral unsel R NKajen\Files\City C0111161\Municipal Development Distrie1liZesoluti(iiis\2013\Atigtist\Adt)1)113-14Btid,,,e4 doe Exhibit "A" BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT (MDD) 201344 PROPOSED PROJECTS BUDGET BAYTOWN FISCAL YEAR ENDING SEPTEMBER 30, 2014 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT (MDD) PROPOSED PROJECTS BUDGET FISCAL YEAR ENDING BAYTOWN Robert D. Lelper General Manager Ignacio Ramirez General Counsel Louise Richman Finance Officer Leticia Brysch Assistant Secretary 7 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DIRECTORS STEP HEN H. DONCARLOS, President SC OTT SHELEY, Vice President ident REGGIE BREWER, Secretary BRANDON CAPETILLO, Director ( AI Y" EN LER`T", Director for ARY HERNANDEZ, Director COEERT C. HOSKINS, Director A IID P. JIRREL , Director DAVID MC ARTI EY, Director MERCEDES RENTERIA III, Director TERRY SAID, Director BAYTOWN 3 JJ TOWNMUNICIPAL DEVELOPMENT DISTRICT •R- July 5, 2013 President and Directors of the Municipal Development District Board I am pleased to present the proposed 2013-14 budget for the Baytown Municipal Development District (MDD). The 2013-14 budget year promises to be another outstanding year for growth and economic development in the Baytown area. Home sales are improving, commercial development is continuing and recently announced industrial expansion projects will keep Baytown moving forward. We look forward to reviewing this budget with you in the coming months. Listed below are the highlights of revenues and expenditures. Revenues -- Based on current year sales tax receipts we anticipate revenues to increase in the next fiscal year. Sales tax revenue for 2013-14 is projected at $5,441,000 which is a 2% increase over current year estimated collections. Along with interest income and loan repayments total revenues for 2013-14 are projected at $5,500,950. Expenditures - The MDD projects for funding all play a significant role in the economic development and quality of life in our City. The allocations for projects in 2013-2014 are classified in one of the following three (3) priorities: • Priority: Projects or expenditures designed to promote new or expanded business activity that create or retain pri ary jobs: Development of New and Expansion of Existing Businesses and Industry Economic Development Foundation — Basic Service Economic Development Foundation --Special Projects Property Acquisition for Economic Development p priority: Projects which provide infrastructure for economic development: Land Acquisition for New Thoroughfares City Gateway Project (new) State Infrastructure Bank Loan repayment— Decker Dr to SH 146 S Flyover Texas Avenue Streetscape Project Downtown Quiet Zone (new) Cost Share with Developers for Upsizing Utilities Northeast Wastewater Treatment Plant— Debt Service to fund 60% of design and construction West District Plant Expansion — Debt Service to fund 60% of design; 50% of construction o Priority: Projects that improve a community's quality of life, including parks, athletic facilities, etc: Aquatics Facility— Support for Capital Projects Pirates Bay Waterpark Expansion Debt Service Baytown Sports League Improvements Goose Creek Trail Phases V and VI (new) Land Acquisition — Future Parks Sports Complex Improvements — Parking, Fields and Lighting Polly and Central Little League Parks (new) Tabbs Bay Cleanup (new) Median Beautification Crew Community Service Supervisor (new) Roseland Park Improvements (new) Roseland Park Locomotive (new) Jenkins / Holloway Park Improvements (new) Goose Creek Park Improvements (new) > Allenbrook Park (new) > Kayak Launch (new) Additional narrative on each of the foregoing projects is included in the "Major Budget Issues" section of the budget packet. Project administration costs of$300,000 are included to reimburse the General Fund for administrative, engineering and financial support of the MDD. There is no allocation for unforeseen/new initiatives this year. However, there are previously allocated funds to this account that are still available. These funds provide flexibility to allow the Board to utilize MDD funds to secure federal, state and local grant funds when available and to enhance and expand the impact that the MDD has on the economic development of the community as opportunities arise. It will also allow funding for unexpected or inflationary increases on project costs, if needed. We are excited about the economic development accomplishments in Baytown and look forward to continuing our growth and development into the future. Sincerely, e"Ll IWbert D. Leiper General Manager 5 MUNICIPAL DEVELOPMENT DISTRICT MAJOR BUDGET ISSUES Fiscal Year 2013-14 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 — Based on current year sales tax receipts we anticipate revenues to increase in the next fiscal year. Sales tax revenue for 2013-14 is projected at$5,441,000 which is a 2% increase over current year estimated collections. Along with interest income and loan repayments total revenues for 2013-14 are projected at $5,500,950. EXPENDITURES — Included in this year's program are economic development projects and improvements;in the areas of streets, drainage, sidewalks, signalization, utilities and parks. Generally, project costs may include functions such as services, construction or debt service on long-term construction projects. Project administration costs of$300,000 are included to reimburse the General Fund for administrative, engineering and financial support of the MDD. PROJECTS Development of New and Expansion of Existing Businesses and Industry A significant function of this budget allocation is the development of new and expansion of existing businesses. These projects are critically important in light of the State Implementation Plan's potential impact on the petro-chemical industry and underscore our need to diversify our economic foundation. $300,000 Economic Development Foundation — Basic Economic Development Services This provides continued funding for the basic economic development services contract with the Baytown AreaNVest Chambers County Economic Development Foundation (EDF). $200,000 Economic Development Foundation —Special Economic Development Proiects The current MDD budget includes continued funding for a special projects contract with the EDF. The provisions of this contract are requested and approved on an annual basis. $100,000 Property Acquisition for Economic Development This allocation provides funding to purchase property that may become available to be used for future economic development purposes. $100,000 6 Land Acquisition for new Thoroughfares Funds to purchase rights-of-way for roadway development or expansion. $100,000 City Gatewav Monument Second gateway project at either the Hartman Bridge or at 1-10 and Highway 146. $350,000 State Infrastructure Bank Loan Repavment-- Decker Drive to Hiahwav 146 S. Flyover The MDD financed a $1,000,000 loan from the Texas State Infrastructure Bank(SIB) for a Decker Drive to Highway 146 South flyover project. This funding, combined with matching funds from the November 2007 bond election, allowed for completion of the Decker Drive to Highway 146 South flyover. The current project funding eliminates the "braided" on and off ramps. The postponement of the construction of these ramps would have impaired mobility in the area. The State matched our $2 million contribution to provide the $4 million necessary to complete all elements of this flyover. Eligible projects must be on the state highway system and be included in the Statewide Transportation Improvement Plan. $148,957 Texas Avenue Streetscape Proiect The budget includes continued funding for either direct expenditures or match for grants in subsequent years to enhance streets and sidewalks for economic redevelopment, community identity and beautification in the public rights-of-way of Texas Avenue. The expenditures may include roadway improvements, utilities, streetlights, trees, crosswalks, street furniture, landscape plantings, etc. $150,000 Downtown Quiet Zone This project will establish a Train Quiet Zone in the downtown area; the driving force behind creating the Quiet Zone is the new Baytown Little Theatre that is planned at North Main and Texas Avenue. The train horn rule requires that all crossings located within %mile of the Quiet Zone must be included. This means that the Quiet Zone could start at Gulf(Pruett is more than a '/ mile away) and end at Fayle (Ward is more than a % mile away). This will accomplish the goal of eliminating the train horn noise in the vicinity of the new theater. Fifty percent of this project is budgeted to be funded by the General Fund. $350,000 Economic Development Cost Share with Developers This funding allows the City to have the ability to upsize utility lines installed by developers to meet future water and sewer needs for undeveloped areas serviced by the same lines. $100,000 Northeast Wastewater Treatment Plant— Debt Service The confirmed growth and development within the City necessitated the design and construction of the Northeast Wastewater Treatment facility. The project is estimated at $28,500,000 with 60% ($17,100,000) of the funding from the MDD. The remaining 40% ($11,400,000) is funded from the Water and Sewer Fund. This allocation includes the current year principal and interest payment on multiple debt issuances by the Texas Water Development Board (lWD6) loan and Certificates of Obligation. $1,201,581 7 West District Plant Expansion — Debt Service The construction to expand the facility with a new 4.0 million gallon per day (MGD) treatment facility is complete. This expansion increased the facility to 8 MGD. MDD has reimbursed the City for 60%, or $1.2 million, of the design costs of approximately $2,000,000, which was authorized in the 2005-06 and 2006-07 budgets. The City issued Series 2008 Certificates of Obligation to finance the total construction costs of the project which is estimated at $27,600,000, MDD will provide 50% funding for the 20 year debt service. This allocation funds the current year debt service requirement. $1,002,966 AAuatic Facility— Debt Service The Aquatic Needs Analysis has been completed and a Master Plan has been produced to further define the development in this recreational area. The final report provided information on utilization, feasibility of construction, and project cost estimates for aquatic facilities. The 2007-08 budget funded the Engineering and Design. Pirate's Bay Waterpark opened in 2010 and was funded with $4 million authorized in the November 2007 bond election and the issuance of $6 million in Certificates of Obligation in early 2010. MDD will fund the debt service on the $6 million in CO's. $427,738 Pirates Bav Waterpark Expansion Attendance and popularity continue to be greater than anticipated with the waterpark's capacity limiting tickets sales on a regular basis. The development of a multi-phased Pirates Bay Expansion Master Plan is in progress. MDD funding of the North Main water and sewer project debt service has been shifted to the Water and Sewer Fund to provide $5.5 million in MDD debt capacity to help fund the expansion. Construction on this project has started. $376,563 Baytown Sports League Improvements The City's four little league associations combined into one association prior to the 2013 season and consolidated league play across the city. The league no longer uses Westwood Park for games and has requested the third field at Central Little League (CLL) be lighted. Staff plans to salvage the existing MUSCO system used at Westwood Park and move to light the third field at CLL. Park crews also plan to replace all the bleacher boards at North Little League Park as well as having the metal frames re- galvanized to extend the life of the bleachers. $113,186 Goose Creek Trail Phases V and VI The goal of the Goose Creek Trail Phase V and VI is to connect Hutto Parkway to the Goose Creek Trail that currently ends at Goose Creek and Busch Terrace Parks. The project is divided into two phases. Phase V will connect the Hutto Parkway trail to the Animal Shelter and to Park Street. The project will include the actual construction of over 7,000 feet of 8 foot wide concrete trail. Phase VI will require engineering and possibly corps of engineers permits and will be included in a future budget request. The oversight and project management of this project including a bridge over Goose Creek will be handled by Parks and recreation staff. $500,000 8 Land Acquisition— Future Parks This project provides funding to acquire future park land. This is a continued set-aside of funds to provide an allocation that would be used as land becomes available. $50,000 Sports Complex Parking Fields and Lighting) ting) This project provides for continued funding to be used as needed for park lighting, trails, parking and field improvements at the Sports Complex. $50,000 Peliy Park and Central Little League Park Family Picnic Shelters A large 4 table picnic shelter with large family size grill will be constructed at Pelly Park. A large 8 table picnic shelter with large family size grill will be constructed on the Memorial Drive side of Central Little League Park. Both shelters will be constructed by Parks and Recreation Department employees. $25,000 Tabbs Bay_Cleanug This will continue the cleanup of Tabbs Bay of derelict abandoned piling. Over 700 piles were removed in 2013 with the aid of two General Land Office Coastal Management Program grants. However, in 2014 no funding is anticipated from GLO. MDD funding will continue the efforts to clean the bay. Staff plans to apply for a new grant in 2013, however, this grant will not be available until 2015. $100,000 Median Beautification Crew Initiated in 2013, this project continues funding of the Median Beautification Crew. The crew is responsible for the trimming and mowing maintenance of landscaping on Spur 330, Highway 146 and will be involved with the landscaping of Highway 146 between North Main and Garth Road scheduled for the fall of 2013. The crew also assists with maintenance of medians on Hutto, Baker and Alexander Drive. A new six foot out front mower is included in this budget. $128,800 Community Service Supervisor With the addition of the new Community Service Supervisor the court assigned community service worker crew can be "split" into two crews which will allow for additional litter abatement along the major roadways as well as additional mowing of City owned properties. This additional litter abatement will enhance the City's efforts of beautification and economic development by improving the visual perspective of the City. $82,100 Roseland Park Improvements This request will continue several park improvements at Roseland Park that were constructed in 2013. The improvement project will include the construction of a metal roof over the existing basketball court at Roseland. The project will also include a picnic shelter adjacent to the sand volleyball court and will provide lighting for the popular facility making it the city's first lighted sand volleyball court. $100,250 Roseland Park Locomotive The Roseland Park Southern Pacific Locomotive #895 was placed at Roseland Park in 1957. The 100 year old locomotive was refurbished in 1993 with a volunteer group headed by Miles, Inc. (now Bayer Corporation), The Roseland Park landmark has guarded the entrance to Roseland Park for over 56 years. The age of the locomotive and the saltwater environment has led to the deterioration of the locomotive which is now in need of major renovation work. The project includes the sand blasting, minor welding repairs along with high quality paint and sealer to protect the landmark. $59,825 Jenkins l Holloway Park Improvements The project will include_several park improvements for the two connected parks including: • Holloway Park Tennis Court Upgrade will include replacing the court lighting that will include resetting of light poles and replacement of the fixtures. The tennis court will also receive new black vinyl fencing. • Additional concrete ribbon around the basketball court and new post, backboard and rims. • Cary Bayou Trail improvements including an inch of decomposed granite and replacement of the decking of the two pedestrian bridges to 2 x 6 lumber. • Jenkins Dog Park Improvements including trash cans and new dog park equipment. • Redevelop the park restroom into a shelter. $98,632 Goose Creek Park Improvements This project will replace 585 feet of rusting guard rail with TOOT quality pedestrian rail. The rail will match the existing Goose Creek trail rail located along the TOOT constructed portions of the trail. The rusting guard rail is located on both sides of the handicap accessible trail near the Goose Creek Texas Avenue Bridge including the handrail along the bridge. The project will also include a concrete beam around the playground to keep playground mulch from washing over the trail during heavy rain events. $52,715 Allenbrook-Park Allenbrook Park was developed in 1989. The park has suffered from a combination of poor soil conditions, the drought and major drainage issues. The project will replace several sections of the existing 5 foot wide trail, remove and replace the basketball court, post, backboards and goals and will include a new playground and recycled rubber fall surface. The Public Works Department will grade and redirect the existing drainage. $111,960 Kayak Launch Install ADA Accessible Kayak Launch at the Gray Wetlands Center boat ramp. $25 000 Proiect Administration & Overhead $300,000 10 MUNICIPAL DEVELOPMENT DISTRICT(PADR)PROf,RAM FUND i __ .._.. .. BURDET SUMMARY for Fiscal Year 209344 1 - Tend f Tarat ... .. Actual ;Carry-forvardi Adopted Assatmontai Allocation,�_Eadmatad_ Carey-fo--d..:Plioesaonw_'Attoca11M 2011.12 2011.18 - 2092.13 2011-99 2012.93 2691•i3 261243 2W3.14 1 201&t4 Bg}1MIa9 wnrkl_rt0 aeplW _ , ;$ 55d8473.is 6A87486 $ 1714096:§_ S_6487 d@e i$ 6487488 $,.5.595378 r$ _1,254565 S 5,595,378 I ROSMe.Tuxes ... .� 5A2S,396�.. 48000W) _4808 W0 533S tr60 _ 5,441 W0� 5,d41� ilMnmstminvasmmma 8,244 ,... 5.0001 -} 5000 1 6,668 S 000, _5.000 �LssmR fmm TWO@Bonds for Oabl Sorvko 653,23t :._ '.� . _ __ . .. _Loan Rapaymfnta 53,2IXs,._. 44,9013: -r 44900 ,___A3,516 _ 1 48,950, 46.950 :inovenon Loans 8198 3900:. _-_ 39tm 3.516 - 8000' .B.�tt .. . TOW S90DRavnnuas 5774.272 - 4.852.91M/ - 48S29W' S384/22 -' 3,500950: 5.500:950 Ezpantliturac Econamtc DavotopmanlProjeeds i,. ( 1Dovolepmont of Now and Expansion ar Fxislmg Basmnasaaendtndasty 6,668- 338,683. 390,00D {275000} 363,683- 23324 __2d0,359, 300.E 540358 -Emn Dovolopmont Eoundalron-¢esic Emnomiel Dom:apmaM.fiorvicos 200.000; '..___ 200,000... '. 200000 _..... 20D,000 -i 200,000 200,000 Egon Davelopmant Foundalion-Special Econank DavatapmantPmpcts_ - - 332,145 100.000,., 432,145 W. 294,000 _._ t39,945. . .. 100,0� 238,t45_ EmaDoveldpmam Foundation-Spacial _..__ - .. ,.(Eccnemic Dowl9pmant Projed"BRLP 1 -_i_ 1i0,000 -i _ ._ _.__ 110.060 - _._t10.W0.�.. 110,000 .i ( 53,327 A23,9T8 i-_ 100600- 523.978 Froperty AcgwsaBon for Economic DavolopmoniI f,500: 377.303 100,000• 4773031 _ _ .. Oa tfwn Rodovdapmenl Assistance- Beytown LitiloThoafor - 500:0oo.... _. - - S00,000 - 50 '. _..`5=00 _... 15000• ..... - D.�15000 - 1S,000 _.Unified Land DovolopmontCode 15.000 Subtotal 208,068 1.673,131 700.E f275DOs 2098,13i 670,651 1.427A80' 700.000 2127,460 Searle,Drainage,SWaWalks&Signat/saGon Projects _ Y _ 4 _ _ _ _ _...i5502f _ - - 1Lmut Acquisition for New ihota Maros _ 763,0001� 100,006 { 50000}, 76573 7130001 t00060 813,900 Y 9n Yr ,.� i 7t3000 __. �Bekar Road Exrnnaion-Lend Acqu.sitrnn 5027 t500� t55027 - iog000 813,E Acq ug o GMaiW Pro od NOMtMarNAtaxantlarSi Signal varion i4,03t _._ 95573 {10,000 30264 AG 309 W. _ 46,303 Surf lafrasinrturo Bank Loan Rcpsymont Docker Otto 14SSwrittfiyavbr{$tmm}___ 748,957 _ 14a_357 -„ 149957__ 148.95F f46957148,957 ToxasAvenue-Stmaiscapo Prolific 18,717_.. 464.9S7,. t50, _ _ (350."}m 264,957 264,967, 150,000 . 414,967 -.�Doxnimm Quilt Zone - ;:_ 35Q 00�_ 350000 __ 350000 ___ 350,0ss iSB Park A_ mnanf t2500D; ..'. - _ 27b bOD�,___275000 _�SI nai-146 North and 1-10 West i 275 W0 -_ Pnng .Signal-Dutto and Rollingbrook I, _ -�: 10000 10000 _,_ t0,000 _.Tow Avonuo-Grant Pr*.t 17,94a: - � -� _.._ _ '......._ __.._..._..'. Thoroughfare Nestor Plan t6F,SSS Boas - 9089' 90@9 - - - Subroral 492,218 1.328.656 395,957 275000 2.002.613 628.337 1,374,276. 748.957 2,123,233 U08typrojects__-.. Economic Dov.Cost Share with Developers to _tlpsizo Now utilities .- 782,655: t00,000�_... (200.0 _ � _..... -. _.__682655 __._1�00A� _782.&Ss -ia-r - obt Smica(SK INEWW TmsimoM Pit b -. 12005&2006TWD¢&2006 CO's) __ ! 1,195_.193_( 1599,0731 -� it99,079 ti99079 __ 1,201 Sal^ 1,201,581 -N MeiNi-10 W&SDeblSmvico- _{64.5mm-2007 CO'J _..__. 345,541 :.._ '.. ------ 'West DisVkX Plain Expansion Debt Sorvim- -(5D% 2008 CO's) _ 9W.491 ___ __.. 997,&I4;. 9g7,844___99T844 _......._ -_t__1,002 966 y 1_002_956 Upstrot0lgore Padaray Waterline _. . 2@9,613 ,�Hulia tdtS�tation ._ ... _� 2W, i 975500 24,50W _jWast Distract Plant Evanston t004Q0 - -I Subtotal -I 2920238! 7826551 2,296923I -1 3079578I 372.423 7071551 30d,5471 3,011 702 ......... wm, _ Parks L Aquatics Master Plan Phase t&2 Cortntru Lion I(DaBi Svc on S6mm i 426013. -i, 437408 437488 437 SS '- 427738 427,73E _iPiraos _ - __...._)_ i land Smm�f E s+on DobiSmvka I...- 4�.tX>0 i 4W�0' _ 4000W 376S63t 376,563 y arpark van - .-... �._ - . .. _i¢o v«ns rtsLoaguar rovwnamaaaIo, 26,145{_ 50,aB9�.,_ 76t45 s659t -- 15,55�i �ta1s6 iza:7ap (¢aytown Nature Center Entryway arrd Misr. 1 it mvemanta 319al 381741 - 38174 L 27361 -1 MUNICIPAL DEVELOPMENT DISTRICT(MDD)PROGRAM FUND I_ BUOGETSUMMARY far Fiscal Year 2013-44 ....� -i- - '-. - Tdat j._ _ Clary_ 4wwasd All=on Tow 1 -_ _I Actual Carty forwaMl Adopted Adjustments; Atlocadan EeNloatod — Allocation .. .. _. 2093 94 ' 2411.12 ?0H•i2 2092•t3 2042.93 ---49f2.43 { -2092 4d 2042•13 2011.94 I �Gm"Crook Stream-Trails.Daaw end Punic Stbltots_.. .__. Pharos _t65.239 ' - 135239, _ •t .t35.239 JaN s Park eridgos(2) :( f608D1_1.- i Sma060 i .. __ - _-Goaso Crook Tred Phas V and VI • 'Navicesfb Fwk lmprnvomonta „ - 1.arufAcquisitwn Future Parks 123139! 50400 t73139 1T3934 _500QO 223_139 Spans Comp7ox(_Pa19ut1g Fields and Li0Mm9) 47,_3 77670_ 126000 - 202 t�.fi70 _t623 5 647 50�0, 55,94E _iBddui Huron Park Phasol 4950,_, _ .. 1 25000( 25� _ Polly and Central Ludo Loaguo parks j j_ - GLDt CMP Grant Mp atoh(TabbaB oy) . —. 10m Tobb Bay Cioenu -..900000, i�,000 Baakatbeil Court Cover-NC Fdota&McElroy 73.560_ 75,00D, »Etlda Huron Park Phase li&Iii 92.689 175,000.._.. t75.000_ t75.W0 _Duke Hdi OuiGc Succor _... ..... 8030_._ •i_. ;City Hall Cau11YOM Impmvomon�s Phase 1811 _.. 6t,283 •,._ d2,OW - 42000 1 __420W _ I .Mbdim BoaWfication Crow 120.0001. -. 120000» UR r _1268 ,--1 _'126,800. Comnunny Service Suprvi esor _ - _ _ 82100 ___82,tOD - -___ . Rowland Park lmpravomonts _ .. 100.000 _.. 900000' ... 9000W - .100,250 iW.250 Ratelantl Looamotrve improvamants _ 3enkinsMWWwaYPantlmprovamenta _ _._.... . i ,__�._ _ _ .. _52.�.1 Goose Crook Park lmprovamonia ... :.._ _ .. !_. -i. __ _.. __, _62,715j 52,715 ..Hullo Groamvay Mcdian .. _ 500.88P, .. 500,9W_ 506066 Jenkins Park Disc GaB.. __. - _.-. 25.WO,, . . 25000. _ 25.000 - Atimarook Park Irtyxovomants 1111960.. 11f,980 - , _doannon mfor Soaar F;oltls - 40,000� '- - -_ 25000i 2500D Kayak Launch _ -.. ".. 40000- 40.00D . Subtotal ( 914,735„ d86.925- 2 193,488 _ � `' 3 Wadandx Comer tmprov_mnams� -- - 2558 - - 2558 2558 - ..._ »_ - 2.660A93,_ 2 309.82t 329 T79; 2,301 769, 2,637.548 tJ Twal MDD Projects 4,535,259 4,271367 5589.368 - - 9860735 -5.98i.232 3 690 6,055,273 9,893.963 Other -. F"ropU Atlminlsirefmn Bnd Dvomaatl l 3tI0000� 300.000 300.0t%9� - 300000 J�"_ 300 MOW 300006 UrdoresoormMinnatives 502.021 502021 502021 - 502,029 ._ Subtotal _- _300,0W 502.02t 300.000 �2.0�t 300,000 50Z021 ! 300,000: _ _.,BO?R2i ToIM taDD Expenditures _ 4835259 47733381 5889,368 -' 10 fi62756 628t.232 4,30.07H 6.355273. 10,895989 Rovanuas ovar(undarl expanses ,_i 939,83t (4773,388)i (1,036d681 _ _ —_ (5809;� _ _.(eez�tid) (4,30.0711F�, 5654323N [?.195,ou _.____:._.._ . . Ending working capital - -S 6487.466 S 1,714098 S 677.630 $ __._..S 677,630 S 5.595,378 S 1.254.665!S 400,342 'S 400.342 'DEBT SERVICE PAYMENT RECAP — �Aquaucs Master Plan Phase 1&2 Conshruction _tDebt Svc on$6mmt 426,913 d3_.__. _;__ . 7488 .-027738: 427,738 Pirataa Bay.,. ansion(Debt_Svc on S5,Sinrn) . . 4W.000 400.000 4W, i 376563� 376.583 :State Infrastructure Bank Lean Repayment IpaGsor Dr to 146 South 0yorerr(Simm} 148 95P -1_ 148,957 148957 1 _-148.� __ 148.957 _ 148.957 1NE W W Troetmont Plant Debt Service(60%--~ -'� __.. . r .. 2005&200STWDB&2DOSCl7s( 1195193 1,199,079' 3 ,_i199079 1159079 __ 4,20f5Bi 1,201.581 iNMauJIGOUtility W&&Debt Service- 1. -_ IWast District Plant Expansion Debt Sorvlco- I(50% 2008 CGS ;. 990491 997.8441... 997.Sdd_[___ Total Debt Sorvieo PHymoma!$ 3 W 6 946 i S - S 3183168 ii -(& 3183 99 I S 3183 & •I S 3157805 $ 15T 8G$ 13 84UNECIRAL DEtfELOPA4ENT DISTRICT(A5DDj,PROGRAM FUND Es9matad revenue growth for mjeatatl Yesrs:1 Elaaat Year2073-94 Rov thru FY12 Carry Aajustod Total Es9maead t Now Tatai j Curront torwaeo _y, Aliocattam Aitaaatian Expantlitum_s,. CsnY•tomudI Allocation Aitoaa0on, _Pm acted„_ Projectod_ Pro}acted _ Projected : Ptjected 2@92.93 2092-18 2013.14 2013-id 2Q7+1-{6 2016-16 2058-17 201748 2Q7@-78 I3e91nnln8 working capital. .._ '� _-' S 8 487.486,.S 1 714 W.#B;.S 6 487 d86 1_S 6 4874&6 S 5595.376 i$1.254.665(5 5 595 376 S 4Q0 342�S 245528�3 548890 i S 961 335�'S 7 440 T27 Revenues _... .. — .. _ _. — 48000W : 5335 WO _ I 644i 0tlQ 54d700D 55230QD. . 56060W:�. 569Q �: 57750IX7�_ 5882� (Interest on lovestments 1352.40@ I i 4 S WO i,_ 56D8 SQL. 5900.; 1 1— I 4 interosttrom TWOS for Debt Service 30 d4000.) L - _ --i— ' �.- -_. .. ._. 6 __ _. a-_. Cor_Mbulmns&Miscallaneaus___.__. _ __ 24d410 • ! 3.900: B7.8QD: 47.516 - 54950i 5d,954 2Q WOI 28 QQ0 2Q.000-1 20060, 200QQ. Tatai MDD Rovenuoa 3984S,653 . 4652900: 4.852,90Q 5.359,122 5500.950; 5.560950 5,548,OOD1 5631,000� 5,715000 : 5,e0d0� 5,887,006 I Ecan_omlc Daveto ntpro acts 'LDevetopmom of New Expansion of Enabng — _ 26,000,{ 363,683 123.324.. _ 240.359 I _300,ODO 54Q359. _. 30QAOOi 300.000 j. 390,000 j 309.000. 3DO.ODD Businespaea emi lndusl 338683 200,000 200,000- 200,WQ 200,ODOI 20D,000 200 Q00 _ 20D000i 200 Df __ 2W,001) 200.OQ0 Eaon Development Foundation-Basic Ecanomlc ;Davato fianf Services _. _._ _ 'Evan Davatopment Faatdatton-SpeUal Econanuc . tDaveWpmam Projects ! 308,554, 332145! tW.000 432.145_� 294;Q00p _.... 138.745( _100000� 2388145_ ..., f000601.. 7000W 1000Q0 900.000, 700.000 - 110,000 Etaon�Develloopment Foundation-S ee9al Eaanamic - _ —_ Dmvmovm Redevonfor Economic Assistance-Baytown - 53,327 .423_976j tO0,00p1 _523,978 700�Oj t00000, 39P 906:_ 300 C%10; _ 300,000 Little Theater ._ — _ _ (Pro—rtyA u3sHian_fw Eaanamic Drove la ant 621.197 377303 : t00A00 477303 Development Prujeds-SBRLF 700,000 tf0000 _ ,.. 509 DOQ - 50Q06D 500,0DO _ . 500;OW 'Unified Land Development Code 37,SW0 15,009 15,fR79 - 45,0� -. 45,000 - - - - - -- — Subtatai -- 3,466,747 1,673131 : 425;000 2098,131 ; ofuM.. 1AVABO ! 700,000 1 2,127,48D 700,000 700,000 900,000 1 900,ODO 906000 _.... — , Land Road New Tharoughfama f 3, ._.. City Gffiewa Frojeat tf3;792 5027 150.Q6Q, i55027,,., 755,027 1 , ._+ -S80a ,Oratn� Stdewatks 85t ttallmdam Fm ec 763,660 (SO,QW0), 77300D 713,Wti01 tOW 90l� 8f3z000 1Q09Q6 , t040004_ t000D0i 500OWi 100000 Baker Raad Eonfor New7h-LanoA visilion -. _ - 350,0001 356000 3S0000t Noun MaiNAfexsnew Signal Syn6hrantzaibn 760.778, 86 573, (10, f). 76,573 30.264 46,309. •, 46,3D9. _. .:... •. - - -�. :StatetnfrasWctwe SB kLaan Repaymom Deckar _ Or to 746 South tiyavw(Siam) 446;914 148,957; 148,957__ 148,957 _-f 148,957, 148,957 149.000;. 149,000( _. - Taxes Avenuo-Smesumpe Project _ 3W5.243, 464.967-, (200.000). 264,967_- _ _ 264,967, 156;0DO 414,967 150,000_,., f50,090. 150,000 150,000.. 150.006 'Downdown Quiet Zone 359,000,.. - 35UX10 ... 350,W0_ . . ... .. Signal-146,N6dh and 1-10 West-- -_ _ 276,000 275.000 275.000 _ •, - - - _ _. . — Signal-Hutto and Roll egbrook 10,000 10,000 10,000 Texas Avenue-Grant Project _ 1,076,125 .._. - - .__ ' Thoroughfam Master Plan _.. M 346 9.089 %089: 9.089 -1 _ - Subtotal 2846,198 t 7,328,65b 323,957: 2,0D2,613 : 628337 1,374,2761 748,957 2.f23233 749 WO 399,000 250496 250090• 250006 Uetffty pro/acts Baker ROadlt4anh Main Sanitary Sower Study 8 1 �Constnlchm Economic Dew.Cost Sham with Developers to - ( •. .. I _ 682.655 100_.000 782,655 750000 150,003 i50ODd'_ 750000. 150,OtR} NMO MTjtOUtibtityW BS Debt Servica (S4.5mm. 6087,8b 782,655 1199.0079)1 1:990791 1,199,079 --- f2O7,5871 1,201.581. 12Q/567 i,208,375� 1214694 i_ f258 i23,j 1.225247 NE W W Treatment Plant Debt Service(60% 2D05 2007 CD'sj 1,491,769, .. West District Plant Expansion Debt Service (50% 3,262,t48 897.8dd{ 897 844 _ — '200@CO's) _ 997.844 1009,356� i,094.6191 1,021.055 1.026,271 i 10D2966I 1002966 t002966� , NMam t 110 U81dy(2ND Baptist Church) 143,230 jUpsiro Sexy Une•Cheddara 177,191 Water S Sewer Extensions-Chambers Co Opaize we Ltna-1223 East FreowaY :. 172,755 _.. Hutto Litt Station i _.. 20D.000 20000W. 775,5WD 24,500 1.. .._. Subtotal...._. 2296,923: 3079.576 2,372.423 101,155. 2,304547 3071702 2,3645471 2,367671I 2,379313: 09178: 2,401408 724067781 7826 I 1 23, MUNICIPALDEVELOPMEDICT(MDD)PROGRAM,FUND. _,. .....-. _....-- --.. BUDGET SUMMARY-PROJNTECTEDSTRI WORKING CAPITAL - -. .. Fiscal Year 2013-14_. - 1 __._-Eadmatod revanue raw0t tar ra acted yoara:, 4.6Yr ! Rev thru FYI Carry- Adjusted I Total j Estimated Naw Tarsi Gurtgnt l forward_...; AUocaOon AOacaOan.,.. Ex endtturea Carry-foraardi Allocation. A)ioca11 _Prolectad__ Projected_ .._ProJectaat_ Projaccom.. _Proj_ggted .... Expenditures 2044.12 2092•t3 2052.43 2012-Sa 2042-93 -- 2ot3-Is 2043-4d 2014-16 2US5.10 2048.47 201748 2018-i0 Parks �Ayuatic Maffiar Pian implementalksn: Engine0ring, 1 1 f � i i ! ! iDesignand Construdlon _..� 550.000.f: - Aquatics Master Plan Phase 1 9 2 Constrrm6on , (go Svq on S6mm} _ 522,948 437,488..._ 437.488 43T.d88 - 427.738 427�73B, - 427,73fl,_ 437.8881 ,426713._. 434.1138. ,426,338 ____. -__.. ! 1 - ! _.. - _ . __.__ __ i IPim1e8 Bayyea Watarperk Expansion•DeM Santico on+ ....�. 1 - i . - ...I.. 40D000 Improonments - 400,000�.- 400,000 378663 376,%3 ,. 375529�... 376,079 376.529 376,292 373,554 Goose Creek 5troem-TmBs,Docks arts Pwnio.... 25.000. fw-Nature SptLeague e gue Improvements m ay en Misc. 437,015. 38174� 50,000 36,174 , 2S7.391 15,5.54 113 986. 128,740 25000 25,IXm 25.000, 25.00D ; -. IL ,S 31,027 ISS.239 - 165,239 135,239_ 135,239Je a@sCreekTraigi Phases V and V1 as 37813 _. .... � i 500004 350000,__ 3000W� 3000W 3g6000 300.000 Jenkins Park Parking Lot 128 729 -- I -aAgqulsi8gn-Fuium Parks 34942 123134 173934 - 17393'0 50006; 223130 50000 50,000 $0� 50000� 50,009 ]Lend Acquisition.Wayne Gra Park_.. 9DD ODO... - 50,000 ;._ :. !Land Acquisition-Jenkins Park Expansion 405.104 - 'Psrks Master Plan Update •Skate Park Camanuction-Umtled Park _ 187,056_,. Sports Complex(Parking,Fields and Lighting) 374,367. 77,670 - 202,670'- 596;823 Saa7 50000' S5,847 925,000: 125000.--_ �Spray9rmmds(not specific) _ 249,259: 125,000� - - _ -; - _ _;-- 50,000, 5g,000 .. '- Eddie Humn Park Phase 1 104A50Petty and Central Liftle League Parks - - . -. 25,000. 25,000 'Bleacher Covers 142.433_;. - - ..-[. ... 7 r..._. -Unidad Park Trail _. 146,349 .GLOtCMP Grant Match.... --- . 54,000 _ 108,000 W 108, 0 54,000,- 59,900; 54,000 54,060 54,000.,. Tabby Say Cleanup _- - - 54,000.. _ ` 100,000. _100,000 -. ,Basketball Court Cover-NC Facts&_McElroy __. - 75,000 75,000 !Eddie Huron Perk Phase 116111 - - ;. - -, 75,000: 175,000 175,000 - DuBe MO Oux:k Soasr `. - . 175,OW - CRy Hall Courtyard Improvemerds Phase I8 it .. - -.._- ,. -, - _ 42 004_, 42,000- - - - MedianSeaWficattanCrew - 42,000- t20000. -?D. 0 - t26800; t28800 120000 _ 120,000 _ 9200Q0, t2Q,000;. 120,000, fCommundy Semoe Supervisor _.._. __. . .. _.120,00D i. - _ - - 82100 82100 _ 72000 720001 72000 72,000- .72,000. Roseland Park improvements _ - _ - iW000,: 100,001) 100250. 900280Roseland Locomotive improvements . ., •. 100,400 _ - _ _ 59825r 58.825 _ nkinafHoliaway Park Improvements 98 832 Jenkins Creek Park improvements iHuito Gmemmy Median 50D 500,OD0 - Jenktns Park Disc Goff 500000 25OW; 25,000- Alienbrook Park Improvemams _i_ - : 25000.1-- •� - 111,960 111460 _ 25 iKayok Launch 7 , 25 OQQ _Nation Systemfor Soccer Fields _ - _ - ._ 40040 .._. ._ 4000D .. _ '.. Wetlands Caner lmPr5u0{oteis 10.700 4,509.8851 486,925 2193,4�68 2680,473_1_ 2,309,821. __.329,779 ,2309,764.t „2631,546_ _ 7 595267 9559467 __Y ._ -_.-_ ,. !474 242 1,481,430 j 1.420.892 Twat MDD Projects 23 231.009 4 271,387 5 239 368 9,860,735 5 981 232 3,838 690 8 Q45 273 9 893 983. 5 402 814 5026 638 5,003.555 5,020 608 i 4,972 380 Other _ j! _i_ -_ ._ iProloct ion and Ovarhadd 178T,500 - 300000' 300000 3000� - 300,000.) _ 300000 300000 300,000�_ 3Q400o 300000' ^ '.m.00� IUmareseenMew{nPoatives 2270d ) 502021 ! - . 5020211 - 502,0211 -I 502021 -; !._ _ -.. _. i 30D000 ! B02021 "Wuuu 30Q,Q00 3xiuuu 3D0.000 30D.22 TotaiMOD Ex endlturos 25,0412731 47T33861 5.5393681. ID,682756 300000 502029 - Subtotal 1.810,204 502021 , 3000� 80202i P 1 6 m9 42 4,340,711 1 6,355,273. 10,695 084 5,702814 5,326,638 5,303 555 1 5,320 608 5,272 380 Revenues over(under)expenditures 94805440� {4773,3fl8}i. �6468j {5809856)1.,,_ (892116 (4,340>711} (854.323}3 {5195034}_{1548 41}_ 3R 362 _411a45__ a7439z._ 614,62t7 1 . ._:__ __.mom_. Ending working capital S 14.505440 S 9,714 098!$ 7.027 830 1 S 677630 1 S 5 545376 S 9254.865'S 400,342 S 400,342 S 245,528 $ 549,890 $ 969,3355 1,440.72J S 2.055347 AYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES NE WW Treatment-$13,370,000-W&S Issue Certificate of Obligation.-TWDB MDDportion-60% Issue 1 of 2 $ 3,516,310 Series 2006 Date of Issue- March 1, 2005 Term -20 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 2101 Interest for Fiscal Yr Principal 2006 1.35% $ 98,625 $ 99,219 $ 197,844 $ 3,417,685 2007 1,55% 105,200 97,738 202,938 3,312,485 2008 1.65% 110,460 73,009 183,469 3,202,026 2009 1.80% 117,035 71,088 188,123 3,084,990 2010 2.05% 123,610 68,927 192,537 2,961,380 2011 2.25% 130,185 88,995 219,180 2,831,195 2012 2.40% 138,075 85,873 223,948 2,693,120 2013 2.55°% 145,965 82,355 228,320 2,547,155 2014 2,65% 153,855 78,456 232,311 2,393,300 2015 2.75% 163,060 74,175 237,235 2,230,240 2016 2,90% 172,265 69,435 241,700 2,057,975 2017 2.95% 181,470 64,261 245,731 1,876,505 2018 3.00% 191,990 58,656 250,646 1,684,615 2019 3.10% 202,510 52,589 255,099 1,482,005 2020 3.15% 214,345 46,075 260,420 1,267,660 2021 2.00% 226,180 39,080 265,260 1,041,480 2022 3.30% 239,330 31,512 270,842 802,150 2023 3.35% 252,480 23,334 275,814 549,670 2024 3.45% 266,945 14;500 281,445 282,725 2026 3.50% 282,725 4,948 287,673 - $ 3,616;310 $ 1,224,226 $ 4,740,536 NE WW Treatment-$12,230,000 -W&S Issue Certificate ofObligation MDDportion-60% $ 3,321,586 Series 2006A Date of Issue - February 9 2006 Term -20 Years Fiscal interest Principal Total Total Debt Balance of Year Rate Due 2101 Interest for Fiscal Yr Prinoipal 2007 5,875% $ 51,603 $ 212,562 $ 264,164 $ 3,269,983 2008 5.875% 111,353 144,811 256,164 3,158,630 2009 6 875% 116,785 138,109 254,894 3;041,845 2010 5.875% 122,217 131,089 253,306 2,919,628 2011 5.875% 127,649 123,749 251,398 2,791,979 2012 5.875% 133,081 116,090 249,171 2,658,898 2013 4.375% 139.871 109,121 248,991 2,519,028 2014 3.876% 145,302 103,246 248,548 2,373,725 2015 3.875% 152,092 97,484 249,576 2,221,633 2016 4.000% 160,240 91,332 251,572 2,061,393 2017 4.000% 167,030 84,787 251,817 1,894,363 2018 4.100% 175,178 77,855 253,033 1,719,185 2019 4.126% 183,325 70,483 253,809 1,535,860 2020 4.200% 191,473 62,681 254,154 1,344,387 2021 4.250% 199,621 54,418 254,039 1,144,766 2022 4.300% 209,127 45,680 254,807 935,639 2023 4.350% 218,633 36,428 255,061 717,006 2024 4.400% 228,138 26,654 254,793 488,868 2025 4,400% 239,002 16,377 255,379 249,866 2026 4.450%n 249,866 6,560 255,426 - $ 3,321,586 $ 1,748,516 $ 5,070,102 16 B YTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES NE WW Treatment-$19,700,000 -W&S issue Certificate of Obligation.-TWDB MDDportion-60%o Issue 2 of 2 $ 10,370,133 Series 2006E Date of Issue- Ma 1, 2006 Term -20 Years Fiscat Interest Principal Total Total Debt Balance of Year Rate Due 2101 Interest for Fiscal Yr Principe! 2007 5.500% $ 313,210 $ 405,618 $ 718,828 $ 10,056,923 2008 5,500% 394,802 326,865 721,667 9,662,121 2009 5.500% 405,330 315863 721,193 9,256,791 2010 5.500% 415,858 304,468 720,326 8,840.933 2011 5.600% 429,018 292,532 721,550 8,411,915 2012 5,500% 442,178 279,896 722,074 7,969,737 2013 5.500%n 455,338 266,430 721,768 7,514,399 2014 5.500% 468,498 252,224 720,722 7,045,901 2015 5.600°l0 484,290 237,214 721,504 6,561,611 2016 5.500% 500,083 221,339 721,422 6,061,528 2017 5.500% 515,875 204,700 720,575 5,545,653 2018 5.500% 634,299 187,239 721,538 5,011,354 2019 5.500% 552,723 168,894 721,617 4,458,631 2020 5.500% 571,147 149,645 720,792 3,887,484 2021 5,500% 592,203 129,429 721,632 3,295,281 2022 5.500% 613,259 108,334 721,593 2,682,022 2023 5.500% 634,315 86,184 720,499 2,047,707 2024 5.500% 658,003 62,922 720,925 1,389,704 2025 5,500% 681,691 38,637 720,328 708,013 2026 5.500% 708,013 13,098 721,111 - $ 10,370.133 $ 4,051,531 $ 14,421,664 West District Plant Expansion-$29,600,000-W&S Issue Certificate of Obligation-flMDD Portion $ 13,860,814 Series 2008 Date of Issue- February 16, 2008 Term-20 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 2/1 Interest for Fiscal Yr Principal 2008 $ - S 262,640 $ 262,640 $ 13,860,814 2009 4.000% 413,475 561,311 974,786 13,447,339 2010 4.000% 434,619 544,349 978,968 13,012,720 2011 3.500% 458,112 527,640 985,752 12,554,608 2012 3.500%0 479,255 511,236 990,491 12,075,353 2013 4,000% 505,097 492,747 997,844 11,570,256 2014 4:000%0 530,940 472,026 1,002,966 11,039,316 2015 4,000% 559,131 460,225 1,009,356 10,480,185 2016 4.000% 587,323 427,296 1,014,619 9,892,862 2017 4.000% 617,863 403,192 1,021,055 9,274,999 2018 4.000% 648,404 377,867 1,026,271 8,626,595 2019 4M0% 681,294 351,273 1,032,567 7,945,301 2020 4.000% 716,534 323,316 1,039,850 7,228,767 2021 4.000% 764,122 293,903 1,048,025 6,474,645 2022 4.000%0 791,711 262,987 1,054,698 5,682,934 2023 4.125% 831,649 230,000 1,061,649 4,851,285 2024 4.250% 876,285 194,226 1,070,511 3,975,000 2025 4.250% 920,922 156,035 1,076,957 3,054,078 2026 4,400% 967,908 115,172 1,083,080 2,086,170 2027 4.500% 1,017,243 70,990 1,088,233 1,068,927 2028 4.500%a 1,068,927 24,051 1,092,978 - $ 13,860;814 $ 7,052,483 $ 20,913,297 EAYT4 N MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES Decker Dr to 146 Flyover-$1,000,000 -MDD Issue Texas State Infrastructure Bank Loan $ 11000,000 Series 2008 Date of Issue- September 13, 2007 Term-8 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 4116 Interest for Fiscal Yr Principal 2009 4.07% $- 108,257 $ 40,700 $ 148,957 $ 891,743 2010 4.07% 112,664 36,294 148,957 779,079 2011 4,07% 117,249 31,709 148,957 661,830 2012 4:07% 122,021 26,936 148,957 539,809 2013 4.07% 126,987 21,970 148,957 412,822 2014 4.07% 132,156 16,802 148,957 280,666 2015 4.07% 137,534 11,423 148,957 143,132 2016 4.07% 143,132 5,825 148,957 - $ 1,000,000 $ 191,660 $ 1,191,659 Aquatics Master Plan & Construction -$10,000,000-GOIS Certificates of Obligation -Combined Tax&Revenue-Aquatics Portion $ 6,030 000 Series 2010 Date of issue-February 1, 2010 Term -20 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 211 Interest for Fiscal Yr Principal 2010 $ - $ 84,635 $ 84,635 $ 6,030,000 2011 1.00% 235,000 203,313 438,313 5,795,000 2012 1.00% 225,000 201,013 426,013 5,570,000 2013 2.00% 240,000 197,488 437,488 5,330,000 2014 2.00% 235,000 192,738 427,738 5,095,000 2015 2,00% 250,000 187,888 437,888 4,845;000 2016 3.00% 245,000 181,713 426,713 4,600,000 2017 3.00% 260,000 174,138 434,138 4,340,000 2018 3.00% 260,000 166,338 426338 4,080,000 2019 3.50% 280,000 157,538 437,538 3,800,000 2020 3.50% 280,000 147,737 427,737 3,520,000 2021 3.50% 295,000 137,674 432.674 3,225,000 2022 3.63% 300,000 127,074 427,074 2,925,000 2023 3.75% 320,000 115,637 435,637 2,605,000 2024 4.00% 325,000 103,137 428,137 2,280,000 2025 4.00% 345,000 89,737 434,737 1,935,000 2026 4.13% 350,000 75,619 425,619 1,585,000 2027 4.25% 375,000 60,431 435,431 1,210,000 2028 4.25% 380,000 44,387 424,387 830,000 2029 4.38% 410,000 27,344 437,344 420,000 2030 4,38% 420,000 9,187 429,187 - $ 6,030,000 $ 2,684,766 $ 8,714,766 i8 BAYTC))li N MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES &S Projects-$16,600,000 -COs Certificates of Obligation-Combined Tax&Revenue-Aquatics Portion $ 6,600,000 Series 2013 Date of Issue-March 26, 2013 Term-20 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 211 Interest for Fiscal Yr Princi aI 2013 $ $ 44,117 $ 44,117 5,500,000 2014 2,00% 216,667 159,896 376,563 5,283,333 2015 2.00% 220,000 155,529 375,529 5,063,333 2016 100%a 225,000 151,079 376,079 4,838,333 2017 2.00% 230,000 146,529 376,529 4,608,333 2018 2.50% 235,000 141,292 376,292 4,373,333 2019 4.00% 240,000 133,554 373,554 4,133,333 2020 4.00% 243,333 123,888 367,221 3,890,000 2021 4.06% 248,333 114,054 362,387 3,641,667 2022 2.50% 255,000 105,900 360,900 3,386,667 2023 2.50% 263,333 99,421 362,754 3,123,334 2024 2.50% 270,000 92,754 362,754 2,853,334 2025 2.63% 280,000 85,704 365,704 2,573,334 2026 3.00% 286,667 77,729 364,396 2,286,667 2027 3,00% 295,000 69,004 364,004 1,991,667 2028 3,13% 305,000 59,814 364,814 1,686,667 2029 3.13% 315,000 50,126 365,126 1,371,667 2030 3.25% 325,000 39,923 364,923 1,046,667 2031 3.25% 336,667 29,171 365,838 710,000 2032 3.30% 350,000 17,925 367,925 360,000 2033 3.38% 360,000 6,075 366,075 - $ 5,600,000 $ 1,903,484 $ 7,403,484 19