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����
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