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2020 08 06 MDD MinutesMINUTES OF THE REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT AUGUST 6, 2020 The Board of Directors of the Baytown Municipal Development District (MDD) met in a Regular Meeting on Thursday, August 6, 2020, at 4:34 P.M., in the Council Chamber of the Baytown City Hall, 2401 Market Street, Baytown, Texas with the following in attendance: Brandon Capetillo President Laura Alvarado Secretary Suhey Rios -Alvarez Director Charles Johnson Director Heather Betancourth Director Robert C. Hoskins Director David P. Jirrels Director David Himsel Director Rick Davis General Manager Karen Horner General Counsel Angela Jackson Deputy Assistant Secretary President Brandon Capetillo convened the August 6, 2020, MDD Board Regular Meeting with a quorum present at 4:34 P.M., all members were present with the exception of Director Suhey Rios - Alvarez who arrived at 4:36 P.M., Director Charles Johnson who arrived at 4:41 P.M., and Directors Chris Presley, Gary Englert and Mary Hernandez who were absent. 1. MINUTES a. Consider approving the minutes of the Municipal Development District Regular Meeting held on June 4, 2020. A motion was made by Secretary Laura Alvarado, and seconded by Director David Himsel to approve the minutes of the Baytown Municipal Development District Regular Meeting held on June 45 2020, as submitted. The vote was as follows: Ayes: President Brandon Capetillo, Secretary Laura Alvarado, Director Suhey Rios - Alvarez, Director Heather Betancourth, Director Robert C. Hoskins, Director David Himsel, and Director David P. Jirrels Nays: None Other: Vice -President Chris Presley (Absent), Director Mary Hernandez (Absent), Director Charles Johnson (Not Present for Vote), Director Gary Englert (Absent) Approved MDD Board Regular Meeting Minutes August 6, 2020 Page 2 of 3 b. Consider approving the minutes of the Baytown Municipal Development District Special Meeting held on June 25, 2020. A motion was made by Secretary Laura Alvarado, and seconded by Director David Himsel to approve the minutes of the Baytown Municipal Development District Regular Meeting held on June 25, 2020, as submitted. The vote was as follows: Ayes: President Brandon Capetillo, Secretary Laura Alvarado, Director Suhey Rios - Alvarez, Director Heather Betancourth, Director Robert C. Hoskins, Director David Himsel, and Director David P. Jirrels Nays: None Other: Vice -President Chris Presley (Absent), Director Mary Hernandez (Absent), Director Charles Johnson (Not Present for Vote), Director Gary Englert (Absent) Approved 2. PROPOSED RESOLUTIONS a. Consider a resolution approving the Baytown Municipal Development District's Investment Policy and Strategy Statement in accordance with the Public Fund's Investment Act, Section 2256.005(e) for (i) the addition of an investment officer and (ii) the addition and deletion of broker/dealers. Finance Director Victor Brownlees presented the item and stated that this proposed resolution approves the Baytown Municipal Development District's (MDD) Investment Policy and Strategy Statement in accordance with the Public Fund's Investment Act, Section 2256.005(e) for the addition of his name as an investment officer. A motion was made by Secretary Laura Alvarado, and seconded by Director David P. Jirrels to approve Resolution No. 369, related to Item 2.a. The vote was as follows: Ayes: President Brandon Capetillo, Secretary Laura Alvarado, Director Suhey Rios - Alvarez, Director Heather Betancourth, Director Robert C. Hoskins, Director David Himsel, and Director David P. Jirrels Nays: None Other: Vice -President Chris Presley (Absent), Director Mary Hernandez (Absent), Director Charles Johnson (Not Present for Vote), Director Gary Englert (Absent) Approved RESOLUTION NO. 396 MDD Board Regular Meeting Minutes August 6,2020 Page 3 of 3 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ADOPTING THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT'S INVESTMENT POLICY AND STRATEGY STATEMENT IN ACCORDANCE WITH THE PUBLIC FUNDS INVESTMENT ACT; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. 3. REPORTS a. Receive the Baytown Municipal Development District's Quarterly Financial and Investment Reports for the Quarter Ending June 30, 2020. Finance Director Victor Brownlees presented the MDD financial report for the quarter ending June 30, 2020, in accordance with the Public Funds Investment Act, Section 2256.023 (a) and (b) and stated that the revenues continue strong, which is surprising under the current financial uncertainty caused by COVID-19. He stated that he could not guarantee that this trend will continue, but staff continues to be very conservative as it relates to MDD's financials. b. Receive the Economic Development Foundation's Third Quarter Report. Mr. BJ Simon, Associate Executive Director of the Baytown West Chambers Council Economic Development Foundation presented its third quarter report. Mayor Capetillo stated that the report was received. 4. MANAGER'S REPORT a. The next Baytown Municipal Development District meeting is scheduled for Thursday, September 3, 2020, at 4:30 p.m., in the Council Chamber located at City Hall, 2401 Market Street, Baytown, Texas, 77520. There was not report given outside of the next MDD meeting being scheduled for September 3, 2020, at 4:30 p.m. 5. ADJOURN With there being no further business to discuss, President Capetillo adjourned the August 6, 2020, MDD Board Special Meeting at 4:42 Leticia Brysch, Assistant City of Baytown���� j