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MDD Resolution No. 134 RESOLU`I ION NO. 134 A RESOLUTION OF I'HE. BOARD OF DIRECTORS OF 1I-IE BAY'I'OWN MUNICIPAL:DTVE:LOPMENT DISTRICT ADOPTING' A BUDGET FOR TILE FIN'SUING FISCAL YEAR. BEGINNING OCTOBER L 2009, AND ENDING SFPIEA4BER 30, 2010: AND PROVIDING FOR THE IFFFECTIVF DATE I'IIFRSOF. BE IT RESOLVED BY THE BOARD OF DIREC"TORS OF THE, BAYTOWNr s4UNIC'IPAL DIiV6LOPlIIFN'I"DIS9 RIC 1 : Section 1: That the budged 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, 2009. and ending Scpietnt?er 30. 2010. as finally submitted to the Board of Directors by the General Manager of said District be. an,[ 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, 2009. and ending. September30. 2010. A copy of the budget is"attached hereto as Pxhibit "A' and incorporated herein for all intents and purposes. Section 2: This resolution shall take effect immediately front and after its passage by the Board ot'Directors of the Baytown :Municipal Development District, INTRODUCE"^,D, READ, and PASSED by the affirmative vote of the Board of Directors of the Baytown Municipal Development District this the 6" daVlAugust,2009, fEP1:IEN 11 DONC.4RLOS. President A] 11.S`'I" t 1 B CICIA CiARZf . tter ni Nssistatit Secretary APPROVED ASTOFORM: . 'AC'10 Rrl;v EL„ SR.. Cie ical Counsel ft Lumn Wes\C �)C nncitAMmilc t'I OcvclopnrnlD t- BIZ ulufians Up)'Nigun\AdoPiO)IOni dec�dn • s •� /. " ti •v may` , Exhibit "A° DISTRICT (MDD) 2009- 10 PROPOSED PROJECTS BUDGET FISCAL YEAR ENDING SEPTEMBER MUNICIPAL DEVELOPMENT 2010 BAWOWN Garry Brumbaole General Manager Ignacio Ramirez General Counsel Cynthia Pearson Finance Officer Leticia Garza Interim Assistant Secretary BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT MEMBERS STEPHEN H. DONCARLOS, President LYNN A. CASKEY 11, Vice President DAVID MCCARTNEY, Secretary KIRVEN TILLIS BRANDON CAPETILLO REGGIE BREWER MARY HERNANDEZ RUBEN LINARES TERRY SAIN SCOTT SHELEY LENA R. YEPE BAYTOWN AMUNICIPAL Dll," ["I.,OPMENTI Dls,rf� 1C'T July 23, 2009 President and Members of the Municipal Development District Board Enclosed you will fired the proposed 2009-2010 budget for the Baytown Municipal Development District (MDD). Listed below are the highlights of revenues and expenditures, Revenues Sales tax revenue is projected at$4,300,000 which is less than the current year estimated collections due to the anticipated decline fallowing the high collections attributed to Hurricane Ike recovery spending, Along with interest income, total revenues for 2009-2010 are projected at$4,375,000. Expenditures .The MDD has several projects funded that will play a significant role in the economic development and quality of life in the City. The projects for 2009-2010 are classified in one of the following three(3) priorities: o Priority: Projects or expenditures designed to promote new or expanded business activity that ornate or retainn primoryjobs: Economic Development Foundation— Basic Service B Economic Development Foundation—Special Projects A Development of New and Expansion of Existing Businesses and Industry A Property Acquisition for Economic Development A Unified Land Development Code o Priority:Projects which provide Infrastructure for economic development, Land Acquisition for New Thoroughfares A State Infrastructure Bank Loan Repayment—Decker Dr Main Lanes State Infrastructure Bank Loan Repayment—Decker Dr to SH 146 S Flyover d- Texas Avenue Streetecape Project • Cost Share with Developers for Upsixing Utilities • Northeast Wastewater Treatment Plant(60% of design and construction) • North Main11-10 Utility Y West District Plant Expansion Design (60%of design; 50% of construction) o Priority., Projects that improve a.community's quality of iNe, including parka,athletic fsclii , etc: • Aquatic Master Plan and Construction • Baytown Sports League Improvements • Jenkins Park Bridges A Jenkins Park Parking Lot A Land Acquisition—Future Parks • Sports Complex Improvements—Parking, Fields and Lighting 3 Additional narrative on each of the foregoing projects Is Included In the"Major Budget Issues" section of the budget packet. Project administration seats of$250,000 are included for administrative support of the MDD. An allocation is also included for Unforeseen/Now Initiatives in the amount of $160,000. This provides 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 Inflationary increases on project cast estimatesjf ne?ded. Sndaely, t Gerry BrumbacK General Manager 4 MUNICIPAL DEVELOPMENT DISTRICT MAJOR BUDGET ISSUES Fiscal Year 2009-10 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 projects that provide economic benefit and diversify the economic base of the community. The board is composed of the Mayor, six council members and four at-large resident members. REVENUES - Sales tax revenue is projected at $4,300,000 which is less than the current year estimated collections due to the anticipated decline following the high collections attributed to Hurricane Ike recovery spending. Along with interest income, total revenues for 2009-2010 are projected at $4,376,000. EXPENDITURES — The projects included in this year's program are economic development 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 $250,000 are included for administrative support of the MDD. The proposed budget also includes an allocation for Unforeseen/New Initiatives in the amount of $150,000 which may be allocated to a project during the year as directed by the MDD Board. 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. $100,000 Economic Development Foundation — Basic Service This provides continued funding for the basic economic development services contract with the Baytown AreaMest Chambers County Economic Development Foundation (EDF). $200,000 Economic Development Foundation— Special Projects 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. $75,000 Proi)edy Acquisition for Economic Development This allocation provides funding to purchase property that may become available to be used for future economic development purposes. $300,000 5 Unified Land Development Code This funding will provide for the Codification of the recently revised Unified land Development Code. $15,000 Land Acouisition for new Thoroughfares Funds to purchase rights-of-way for roadway development or expansion. $100,000 State Infrastructure Bank Loan Repayment—Decker Drive Main Lanes The MDD financed a $2,500,000 loan from the Texas State Infrastructure Bank (SIB) for the main lanes of Decker Drive from Highway 146 to 1-10. The funds were used to advance the project scheduled by the state. The SIB provides low interest loans to qualifying projects. Eligible projects must be on the state highway system and be included in the Statewide Transportation Improvement Plan. This allocation provides funding for the last of eight payments. $377,478 State Infrastructure Bank Loan Repayment- Decker Drive to Highway 146 South 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. The third of eight payments is included in this budget. $149,000 Texas Avenue Streetscape Project 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 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. $50,000 Northeast Wastewater Treatment Plant The confirmed growth and development within the City necessitated the design and construction of the Northeast Wastewater Treatment facility. The project is estimated at $28,600,000 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 (TWDB) loan and Certificates of Obligation. The plant was completed in early 2009. $1,166,168 6 North Main/1-10 Utility This economic development project extends water and wastewater service along North Main Street from just north of Cedar Bayou Lynchburg Road to Wallisville Road, effectively opening up this area for future development. As property owners connect to this line, they would be required to request voluntary annexation as a condition for tying on to this service. The initial user of this new service, and an impetus for additional development in this area, is the new GCCISD Memorial High School at Wallisville and N. Main that opened in August 2008. This project is under design and the final design of the northern section is dependent on the coordination with Harris County on the North Main expansion and cooperation of the adjacent MUD. The City has issued the Series 2007 Certificates of Obligation to finance the total cost of the project which is estimated at$4,500,000. MDD will provide 100 %funding for the 20 year debt service. $352,049 West District Plant Facpansion Design The design to expand the facility with a new 4.0 million gallon per day (MGD) treatment facility is underway. This expansion will increase 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 2008-07 budgets. The City will issue 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. $978,968 Aquatic Master Plan and Construction 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. Construction began in early 2009 on the multi-million dollar aquatics facility, Pirate's Bay Waterpark, funded with $4 million authorized In the November 2007 bond election and the anticipated issuance of $6 million in Certificates of Obligation in late 2009. MDD will fund the debt service on the $6 million in CO's. $349,600 Baytown Sports League Imorovements This budget provides continued funding for various improvements at little league, pony league and soccer facilities Including bleacher covers, backstops, paving, trails, lighting and fencing repairs as needed. $25,000 Jenkins Park Bridges There are currently two bridges in need of replacement at Jenkins Park. One was funded by a $71,900 adjustment to the 2008-09 MDD budget. The current allocation provides funding for the replacement of the second. The replacement of both bridges will be done in FY 2010. $86,100 Jenkins Park Parking Lot Re-construct one of the two large parking lots at Jenkins Parts originally constructed in 1979 and currently requiring multiple patches and experiencing base failures. This lot services two baseball fields, the Baytown Skate Park and the Baytown Bark Park. The centrally located parking lot will also service the new 56 acre tract that was recently purchased by the city for additional park land. $215,743 Land Acauisition—Future Parks The project provides funding to acquire future parkland. This is a continued set-aside of funds to provide an allocation that would be used as land becomes available. $50,000 Sports Complex (Parkins. Fields and Liahtina) The project provides for continued funding to be used as needed for park lighting, trails, parking and field improvements at the Sports Complex. $125,000 Project Administration & Overhead $250.000 Unforeseen/New Initiatives This allocation provides 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. It will also allow funding for inflationary Increases on project cost estimates. $150,000 Total MDD 2009-2010 Budget $5.2655.108 s IrTim III 11 111 111 111 111 II 111 111 ,, ILI (�\■ 111• I I I 11 111 ••� .I I•.: II 1 ::1 �•�.�r��,:��J,� elm �� 111,I 1 I �•I •a��J•�-1 1 ,1 1 1 � Iw � 1 I. 1 1 1 1 1 I 1 1 � ..'-�h■ 11 •1■ 1 I I I' 111 11• � 111 11 111 11' � 111 I I I I I 11' _ , •I■ 1 Now" 1'i 1 1'� I ♦1 1 I W" I l �■ 1 1'i.• I11 111 I I I 1: I I I,•. 1-I Ill'/ :•:• �u.... �..�_. - 111 ; 1 � N w N w N Iw M N M N � w N M N a M ! M 51 31 NI 21 liltgig gigg 11,11110 g ;.;11 '11011 Ji I iffil Nil! I to eQ pppQ M N N N N � N Z N M 8 N � O N $ N R N N fi l gal BAWOWN "qqmm;;;,;w7, 12 SUPPLEMENTAL INFORMATION INCLUDED FOR PLANNING PURPOSES ULOM OPAL DEVELOPMLDIT I)MIRW PROGRAM FUND NJDGET SU MARY-P RMAECTED WORMO CAPITAL. iteartwta E4larieeedraewrre ter 1Sx Iollaard Aroortba Arocadon EMWA ad forward Abocalan Pna(eelM q,p�pyd awdu2beranoe -06 saoto9 :oolra9 2oo1}ost tnoo tlf eta o ' ' p .: f - S 8?79 i f S S 6AU2 434 i 1 129 f i 3 59 W 8 178i93 i _ GRA94 i GBA34 flawra�s Sm"T� 24 4 4 A00 4 30DA00 4 iAf10 4 Ado 4 '4 4 kdoms1265182 75 75 79A00 n 7y ppp Conalm ons&&4fsoenrneoia 612,711 _ _ Toa11UDReffelrles 26.724 4A41W 4.441AW 4 4,37SADO 4 S 4441 M 1 4,574AW- 4J842 4.711 JM E+cammOte - - - DselopnMrrt dNew and F�endan d�0 -- Sao 01F 10DAM 1A87260 91AM 174 IWA00 274 100A00 100 100,000 1 Em DOYlreplllefd Faada0al-Bask GOenOn46 Services 700 _ 200A00 2MM 200 200= 200AW 200 2pp�ppp 600n psrelolanpre fgaldl>san-$pbeial E�onende _ - - 245=8 36,171 120 1 71.M 49mi 75 124 MOW 100A00 100A00 100000 IOpA00 Eton Oevatopr—Fo nddon-Spedsl EaonomlC tW.Ow 110AW lzAw 127 11 110A00 SO%= /85444= 744j= t0o.OW /OOA00 1 300 no OEM 964 UffWL&W Davickomord Code - _ t6A00 15.0w - stalolaf IASSM 1.135 1 12M.778 77LI43 GBOAD 16M.143 SONOW SWAM 50O BLderalbei '- Baker Road Edandon-lard AOMMon MAXy�6W - _ SOAM OIaM Read Medico Removd ROJW 136JW 63AO7 83407 BT,407 _ - tfinh 37288 203634 1 - Woffil 41,600 SlBA00 _ t00A00 1 1 tO0A00 MW 106 521 fm 401,277 4a1 9deraUr uccoonumm lo8,398 20.879 E9dowa&ROOM ter Pdm -" fiZ - - siele t�iructsr 1 B"loan Re fraynwre Deeuer - -- DMo llai°ig"" 377 78 377 3T7 78 3"478 3"AM SM fie Beat Lao Pap aywant pecker DMe10146Sam See anSl 161AM 149A00 30MM t48 l5lj= 149A00 300,Opo 149A00 1 149 14SAW 149A00 73,M 41§0 26DAM GOBJM 22SAOo 441 ISO.OW s9lm lsuw 1 ---LSD 150AW ISDAW land AcqWdom-Jalm VA f;+Rai d 20.700 - Lard k1iDe001rs 26AN - - - Mallm/Wiscorob kdeesedlon 4,719 4.719 T fMetterplan 76j= 76 - 150.0m 160.0w Aqpw _ SubloZtl 2A70200 WBXM ZMAN 1 1 1 731 778,478 399 399 399 399 3gg Balder Roo Oft9l umn sertmy sewer 9k*a Cara�on t /4.328 139.7OB 139 708 133.708 Eeonoralc Dev:Cart slwa�flh perdopae NoInman w Won M1 /s 60 1A31 is t00�000 991 1s 98t s1s 50000 50A00 6oA0D SO000 SOA00 NE W W Tratdmenl Pktd Debt service(W%.2006 - A 20081tA1DB a 2008 t7D`a N. lo -DOSi01�..- 12� 84 1,164,210 !1r2to 1 184m R 1 168,1s9 1.1 89,188 1.192 129 _ 1/96,t93 _1,199 1 �09 581 t 1s N.MAbbi-10 t"felgr WAS Dea seMee-(641a n- 2007 354�880 354�800 3S2J049 352 349A03 34SAO 341AN 340= 33BAM UPS LM SM*M 1 a Wed Di:kfa Pure E0afsion Deaf Am we-(50%- - 2008 _ 871,785 974 786 974.786 978,998 liB5 7S1 997 _ tAOZA66 1 N.Main/1.10 ailwt21'O BapOst Coach). 22SA00 225,000 150 76 - Weat Ofatdq t'lent t 141 - W l - �• 4 / 4 1 1 13 2,547,165 4 099 1 2 799 1 - . •• fall U • _. -- Now ■ EMMIM.-I� ` 1 17 • �� - .1 MOKEMM3S.= KUUZY�-- J M' r- , ME' •`f1y:,`a KL-'mDm ou�"..F_' BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES State Infrastructure Loan -Decker Drive $ 2,600,000 Date of Issue-July 3,2003 Term-8 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 7103 Interest for Fiscal Yr Principal 2003 4.40% $ 267,478 $ 110,000 $ 377,478 $ 2,232,622 2004 4.40% 279.247 98,231 377.478 1.953,276 2005 4.40% 291.534 85,944 377,478 1.661.741 2006 4.40% 304,361 73,117 377,478 1,357,379 2007 4.40% 317,753 59,725 377.478 1,039.626 2008 4.40% 331.734 46,744 377,478 707,892 2009 4.40% 346,330 31,148 377,478 361 662 2010 4.40% 361,582 16,916 377,478 - $ 21500,000 $ 619,824 $ 3,019,824 Certificate of Obligation-TWDB MDDportion-60% Issue 1 of 2 $ 3,616,310 SeHes 2005 Date of Issue- March 1 2006 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 1.65% 105,200 97,738 202,938 3.312,485 2008 1.65% 110,460 73,009 183.469 3,202,025 2009 1.80% 117,035 71 088 188123 3,084,990 2010 2.05% 123,610 68,927 192,537 2,961,3801 2011 2.25% 130,186 88,995 219,180 2,831,195 2012 2,40% 138,076 86,873 223,948 2,693.120 2013 2.55% 145,965 82,365 228.320 2,547,155 2014 2.65% 153,856 78,456 232,311 2,393,300 2015 2.76% 163,080 74,175 237,235 2,230,240 2016 2.90% 172,266 69,435 241.700 2,057.975 2017 2.95% 181,470 64,261 245.731 1,876.505 2018 3.00% 191.990 58,656 250,648 1.684.515 2019 3.10% 202,510 52,589 255.099 1,482.005 2020 3.15% 214,345 46.075 260,420 1.207,660 2021 2.00% 226,180 39,080 205,260 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% 286,946 14,600 281,445 282,725 2025 3.50% 282,725 4,948 287,673 - $ 3,516.310 $ 1,224,226 $ 4,740.530 16 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES Certificate of Obligation- MDDportion-60% $ 3,925,511 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 Principal 2007 5.876% $ 51,603 $ 212.562 $ 264,164 $ 3,873,908 2008 5.876% 111,353 144,811 256.164 3,762.555 2009 5.875% 116,785 138,109 254,894 3.645 770 2010 5.875% 122,217 131,089 253,306 3,523.553 2011 5.875% 127,649 123,749 251.398 3,395.904 2012 5.875% 133.081 116,090 249,171 3.262,823 2013 4.375% 139,871 109,121 248.991 3.122,953 2014 3.876% 145.302 103,246 248,548 2,977,650 2015 3.875% 152,092 97,484 249,576 2,825.558 2016 4.000% 180,240 91,332 251,572 2.665,318 2017 4.000% 167,030 84,787 251,817 2.498,288 2018 4.100% 175,178 77.855 253,033 2,323.110 2019 4.125% 183,325 70,483 263,809 2,139.785 2020 4.200% 191,473 82,681 254,154 1.948,312 2021 4.260% 190,821 54,418 254,039 1.748,691 2022 4.300% 209,127 45,680 254,807 1,539,564 2023 4.350% 218,633 36,428 255,061 1.320,931 2024 4.400% 228,138 26,654 254,793 1.092,793 2025 4.400% 239.002 16.377 255,379 853.791 2026 4.450% 249,866 5.560 266,425 603,926 $ 3,321,586 $ 1,748,616 3; 5,070,102 Certificate of Obligation-TWDB MDDportion-60% Issue 2 of 2 $ 10 370133 8erles 20068 Date of Issue- May 1 2006 Term-ZO Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 2101 Interest for Fiscal Yr Principal 2007 5.500% $ 313,210 $ 405,618 $ 718,828 $ 10,056.923 2006 5.500% 394,802 326,865 721,667 9.662,121 2009 5.600% 405,330 315,663 721,193 9,256791 2010 5.500% 416,858 304,468 720,328 8,840 933 2011 5.600% 429.018 292,632 721,550 8.411,916 2012 6.500% 442,178 279,896 722.074 7,969,737 2013 5.500% 455,338 266.430 721,768 7,514,399 2014 5.500% 468,498 262,224 720,722 7,045,901 2015 5.500% 484,290 237,214 721,504 6,561.611 2016 5.500% 500,083 221,339 721,422 6,061,528 2017 5,600% 616.876 204.700 720,575 5.545,653 2016 5.500% 534,299' 187,239 721,538 5,011.364 2019 5.500% 562,723 168,894 721,617 4,458,631 2020 5.600% 671,147 149,645 720,792 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 88,184 720,499 2.047,707 2024 5.600% 668.003 82,922 720,925 1.389,704 2026 5.600% 681,691 38,637 720,328 708,013 2026 5.600% 7Q8 013 13,098 721,111 - $ 10.3 0,133 $ 4,051,531 $ 14.421,664 17 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES Certificate of Obligation-MOD Portion $ 4,500 000 Series 2007 Date of Issue- February 1 2007 Term-20 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 211 Interest for Fiscal Yr Principal 2008 5.876% $ 65,385 $ 300,653 $ 356.038 $ 4,444,615 2009 5.875% 165,789 198.911 354 680 4,288,846 2010 5.875% 162,692 189.357 352,049 4,128164 2011 5.875% 169,615 179.388 349,003 3,956.539 2012 5.875% 176,538 169.003 346,641 3,780,001 2013 5.875% 183.462 158,203 341,665 3.598.539 2014 4.375% 192.115 148,137 340.252 3.404,424 2015 3.875% 199,038 139,593 338,631 3.205.386 2016 3.875% 209,423 131,424 340,847 2,995.983 2017 4.000% 218,077 122,874 340,961 2,777,886 2018 4.000% 228,462 113,943 342,405 2.549.424 2019 4.100% 237,115 104.483 341,598 2,312.309 2020 4.125% 247,500 94.488 341.988 2,064,809 2021 4.200% 257.885 83,903 341,788 1.806,924 2022 4.250% 268.270 72,723 340,993 1,636,654 2023 4.300% 280,385 81,064 341,449 1,258.209 2024 4.350% 292.600 48,890 341,390 985.769 2025 4.400% 300.346 35,973 342.319 659.423 2026 4.400% 321.923 22,230 344.153 337,500 2027 4.450% 337 500 7,594 346,094 - $ 4,500,000 21382.832 $ 61882,832 CertMeate of Obligation-MOD Portion $ 13,860814 Series 2008 Date of Issue- February 1 2007 Term-20 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 2H Interest for Fiscal Yr Principal 2008 $ 262,640 $ 262,64-0 $ 13,860.814 2009 4.000% $ 413,475 661,311 974,786 13.447,339 2010 4.000% 434,619 544,349 978,968 13012,7201 2011 3.500% 458,112 527.640 985,752 12,564,608 2012 3.600% 479,265 611,236 990,491 12,075,363 2013 4.000% 505.097 492,747 997,844 11,570,266 2014 4.000% 630,940 472,026 1.002.966 11.039,316 2016 4.000% 559,131 450,225 1.009,356 10.480,185 2016 4.000% 587,323 427.296 1,014.616 9,892,862 2017 4.000% 617,863 403,192 1.021.055 9.274,999 2018 4.000% 648.404 377,867 1,028,271 8,626,596 2019 4.000% 681,294 361,273 1,032,567 7.945,301 2020 4.000% 716.534 323,310 1.039.850 7,228,767 2021 4.000% 764,122 293,903 1,048,026 6,474,646 2022 4.000% 791,711 262.987 1.054,698 5,682,934 2023 4.125% 831,649 230,000 1,061.849 4,851,285 2024 4.250% 876,285 194,226 1.070.511 3,975,000 2026 4.250% 920,922 156,035 1,076,957 3,054,078 2026 4.400% 967.908 116,172 1,083,080 2,086,170 2027 4.500% 1.017,243 70,990 1,088,233 1.068,927 2028 4.500% 1,068,927 24,051 19,820,319 - $ 13 860 814 $ 7,052,483 $ 39,6401638 1s BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES Texas State Infrastructure Bank Loan i 1000 000 Series 2008 Date of Issue- September 13,2007 Tenn-8 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 211 Interest for Fiscal Yr Principal 2008 4.07% $ 108,267 $ 40,700 $ 148,967 891.743 2009 4.07% 112,864 36,294 148,957 779,079 2010 4.07% 117,249 31,709 148,967 681 830 2011 4.07% 122.021 26,938 148,957 539,809 2012 4.07% 126,987 21,970 148.957 412,822 2013 4.07% 132,156 16.802 148,957 280.666 2014 4.07% 137,534 11,423 148,957 143,132 2016 4.07% 143,132 5,825 148,957 - $ 110001000 $ 191,660 $ 1,191,659 19 BAWOWN 20