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MDD Resolution No. 183 RESOLUTION NO. 183 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR, BEGINNING OCTOBER 1, 2012, AND ENDING SEPTEMBER 30, 2013; 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, 2012, and ending September 30, 2013, 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, 2012, and ending September 30, 2013. 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 of the Board of Directors of the Baytown Municipal Development District this the 2nd day August, 2012. ,WIM111rgi�� .EPH DONCARLOS, resident : . 5 AYT p A E V h LET-1 BIKY� ,*-sistant Secretary APPROVED AS TO FORM: NACIO RAMIREZ, SR., 1Qe eral Counsel \\Cobfs0I\legal\Karen\Files\City Council\Municipal Development District\Resolutions\2012WugustWdoptl213Budget.doc Exhibit "A" BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT ( MDD) 2012- 13 PROPOSED PROJECTS BUDGET BAYTOWN S FISCAL YEAR ENDING SEPTEMBER 30 , 2013 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT (MDD) 2012= 13 PROPOSED PROJECTS BUDGET FISCAL YEAR ENDING SEPTEMBER 30 , 2013 BAYTOWN Robert D. Leiper General Manager Ignacio Ramirez General Counsel Louise Richman Finance Officer Leticia Brysch Assistant Secretary BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DIRECTORS STEPHEN H. DONCARLOS, President SCOTT SHELEY, Vice President REGGIE BREWER, Secretary BRANDON CAPETILLO, Director MARY HERNANDEZ, Director ROBERT C. HOSKINS, Director RUBEN LINARES, Director DAVID MCCARTNEY, Director DEE ANNE NAVARRE, Director MERCEDES RENTERIA III, Director TERRY SAIN, Director BAYTOWN S 3 ,a BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT S5 July 5, 2012 President and Directors of the Municipal Development District Board am pleased to present the proposed 2012-13 budget for the Baytown Municipal Development District (MDD). The 2012-13 budget year promises to be an outstanding year for growth and economic development in the Baytown area. Homes sales are improving, commercial development is continuing and recently announced industrial expansion project 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 2012-13 is projected at $4.800,000 which is a conservative increase over current year estimated collections. Along with interest income and loan repayments total revenues for 2012-13 are projected at $4,852,900. 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 2012-13 are classified in one of the following three (3) priorities: o Priority: Projects or expenditures designed to promote new or expanded business activity that create or retain primary 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 c Priority: Projects which provide infrastructure for economic development: Land Acquisition for New Thoroughfares State Infrastructure Bank Loan Repayment— Decker Dr to SH 146 S Flyover Texas Avenue Streetscape Project Cost Share with Developers for Upsizing Utilities Y 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 4 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 (new) ➢ Baytown Sports League Improvements Land Acquisition — Future Parks ➢ Sports Complex Improvements — Parking, Fields and Lighting ➢ General Land Office/Coastal Management Program Grant Match • Basketball Court Cover— McElroy Park (new) • Eddie Huron Park Phase III (new) City Hall Courtyard Improvements, Phase II (new) Median Beautification Crew (new) Roseland Park Improvements (new) ➢ Hutto Greenway Median (new) ➢ Jenkins Park Disc Golf (new) Irrigation System for Soccer Fields (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, Robert D. Leiper J� General Manager 5 MUNICIPAL DEVELOPMENT DISTRICT MAJOR BUDGET ISSUES Fiscal Year 2012-13 On May 59 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 2012-13 is projected at$498009000 which is a minimal increase over current year estimated collections. Along with interest income and loan repayments total revenues for 2012-13 are projected at$4,852,900. 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 $300,000 are included to reimburse the General Fund for administrative, engineering and financial support of the MDD. PROJECTS Development of New and E_mansion of Existing Businesses and Indust 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. $3009000 Economic Development Foundation—Basic Service This provides continued funding for the basic economic development services contract with the Baytown Area/West Chambers County Economic Development Foundation (EDF). $2009000 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. $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 1 Land Acquisition for new Thoroughfares Funds to purchase rights-of-way for roadway development or expansion. $100,000 State Infrastructure Bank Loan Repayment—Decker Drive to Highway 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 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 $289500,000 with 60% ($171100,000) 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. $1 j199j079 West District Plant Ex ansion—Debt Service The construction 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 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. $997,8" Aquatic 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. $437,488 Pirates Bav WatelRark Expans_n The waterpark's attendance and popularity continue to be greater than anticipated with the capacity limiting tickets sales on a regular basis. The development of a multi-phased Pirates Bay Expansion Master Plan is in progress. The MDD funding of the North Main water and sewer project debt service is being shifted to the Water and Sewer Fund to provide $4.5 million in MDD debt capacity to help fund the expansion. The 2012-13 allocation will likely be used directly for design costs this year and then serve as debt service payments in the future budgets. Construction is expected to begin in the next 12 months. $4009000 Baytown Sports League Improvements The 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. $509000 Land Acquisition—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. $60,000 Sports Complex (Parking. Fields and Lighting) 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 General Land Office/Coastal Management Program Grant Match Provide matching funds for a Coastal Management Program grant that will remove old pilings and other types of junk in the Tabbs Bay waterfront near Bayland Island. $54,000 Basketball Court Cover This project will provide a roof over existing outdoor basketball court at McElroy Park similar to NC Foote Park. The project will also include lighting improvements for the basketball court. $75,000 Eddie Huron Park Improvements. Phase III This project will expand on the Phase I and II projects completed in 2011 and 2012. The third phase will add a sand volleyball court, connecting trails, additional picnic shelter, several picnic sites and shade canopies over the playground and fitness areas. This phase will also provide a much needed safe connecting trail to the Country Club Cove subdivision located north of the park. $175,000 8 Citv Hall Courtyard Improvements Phase II Phase II improvements to the area between the Community Center and City Hall will include trail lighting, a trellis, benches, pavers around the flag pole bases and landscaping. $42,000 Median Beautification Crew With the addition of new median landscaping and TOOT mowing and landscaping beautification responsibilities comes the need for additional maintenance personnel. This crew will be responsible for trimming and landscaping on Spur 330 and Highway 146 between Garth Road and North Main along with planned beautification projects for the remainder of Alexander and Baker Roads. The crew will consist of a crewleader, park caretaker, vehicle and trailer. $120,000 Roseland Park Improvements Improvements include an inner loop, renovations to the Pavilion, a new playground feature and an additional picnic shelter. $100,000 Hutto Drive Greenway Park This park will include a six foot wide loop trail that will be over one mile long with benches and landscaping that will provide a safe place to walk, jog or ride bicycles. This project also includes connecting trails to subdivisions located on both sides of Hutto Drive and the apartment complex located on Rollingbrook Drive. $500,000 Jenkins Park Disc Golf Course The Parks and Recreation Department has received requests to install a Disc Golf Course somewhere in the city. This project was included in the Jenkins Park expansion grant application that was not approved due to a lack of grant funding by the state. This project will utilize open areas at Jenkins Park and on the newly purchased property located next to Jenkins Park. The project will be designed and installed by the Parks and Recreation staff. $259000 Irrigation &yg@m for Soccer Fields_ The Baytown Saints Soccer Club maintained this park for over 25 years, however, two years ago they moved to another field and the Parks and Recreation took over the fields for adult soccer and flag football leagues.The new leagues have been a success but the demand for the facility and the lack of timely and adequate rainfall had cause serious problems with the turf. This project will irrigate the park's three lighted fields to insure quality safe turf grass for the league players. $40,000 Proiect Administration &Overhead $300,000 Total IVIDD 2012-13 Budget 9 11• ir'! .I.. 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'[' -1 {Lj.:• col[ 11 111 ��` �� .. .. 11 111 l,LL...t -,tom' �� .�..►..�� ./ 1/1 MEE ■ _ I - 1 1 1 1 MONK 1 1 1 1 1 1NNE 1': 1 1 1Ong 1 1 1 11 1 1 1 1 11 1 mmll • 1 1 1 ■f. . ..I• e.s son■ :d .•r — E•..I-1 1 E•._I_I 1 I l�+i+-�-� �a:.ti:�.:J ■/.i. iil•.• 1 I /c•1 IC•1 Ic•l IC•1 �� Mi I 1• � I:K 1:K �•-•�•• �� •1 111 NEEL ■.ter •!`:'(• !!'•:['11:•1`..[Ir. - _ ■ .'• « �� .1 /1 1 .1 /1 1 .1 1 1 1 .1 11./ .1 Ill _ •r• �� ONE11 111 mml1 I 111 ■ .I- �� 1 1 1 1 1 1 1 1 moo ■ w,.:.ur. . 1 1 �+�� ^��..1 1 1'7 I� •/1 1 1 1 -1 1 11 1 •1 1 1 I I ••1/ 1 1 1 •1 11 I 1 -9 =.,. •1, /1 I •1 1 1 1 1 •1 1 11, Sol- ONE • NONE:_Ir IY ';[_I 1_I1 •/I 11 1 'l l 1 1. •1 1 I 1 1 •1 1 11 1 r N[i+�jr C:j BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES NE WW Treatment-$13,3701000-W&S Issue Certificate of Obligation-TWDB MDD Portion-60°� Issue 1 of 2 $ 395169310 Series 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 1.36% $ 980625 $ 99,219 $ 197,844 $ 3,417,685 2007 1.65% 105,200 97,738 202,938 3,312,485 2008 1.650/0 110,460 73,009 183,469 3,202,025 2009 1.80% 117,035 71,088 188,123 3,084,990 2010 2.05% 123,610 68,927 1920537 2,961,380 2011 2.2511/6 130,185 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 2,547155 2014 2.65% 153,855 78,456 232,311 2,393,300 2016 2.76% 163,060 74,176 237,236 2,230,240 2016 2.90% 172,265 69,435 241,700 2,057,976 2017 2.95% 181,470 64,261 245,731 1,876,505 2018 3.00% 19100 58,656 250,646 1,684,515 2019 3.10% 202,510 62,589 255,099 1,482,005 2020 3.15% 214,345 46,075 260,420 1,267,660 2021 2.00% 226,180 39,080 266,260 1,041,480 2022 3.30% 239,330 31,512 270,842 802,150 2023 3.36% 252,480 23,334 275,814 549,670 2024 3.45% 266,945 14,600 281,445 282,725 2025 3.60% 282,725 4,948 287,673 - $ 3,516,310 $ 1,224,226 $ 4,740,536 NE WW Treatment-$12,2309000-W&S Issue Certificate of Obligation- MDDportion-60% $ 3,321v686 Series 2006A Date of Issue- February 8 2006 Term-20 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 2101 Interest for Fiscal Yr Principal 2007 5.875% $ 51,603 $ 212,562 $ 264,164 $ 3,269,983 2008 5.875% 1110353 144,811 256,164 3,158,630 2009 5.876% 116.785 138,109 264,894 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 4.376% 139,871 109121 248,991 2,619,028 2014 3.8750A 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 91,332 251,672 21061,393 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 4.125% 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 11144,766 2022 4.300% 209,127 46,680 254,807 935,639 2023 4.360% 218,633 36,428 255,061 717,006 2024 4.400% 228,138 26,654 254,793 488,868 2026 4.400% 239,002 16,377 265,379 249,866 2026 4.450% 249.866 5.560 255,425 - $ 3.321,686 $ 1,748,516 $ 5,070,102 15 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES NE WW Treatment-$199700,000-W&S Issue Certificate of Obligation-TWDB MDD ortlon-60% Issue 2 of 2 $ 10 370133 Series 20068 Date of issue- May 19 2006 Term-20 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 2101 Interest for Fiscal Yr Principal 2007 6.500% $ 313,210 $ 405,618 $ 718,828 $ 109056,923 2008 5.500% 394,802 326,865 7219667 91662,121 2009 5.500% 405,330 315,863 721,193 91256,791 2010 5.500% 415,858 304,468 720,326 8,840,933 2011 5.500% 429,018 292,632 721,650 8,411,915 2012 6.600% 442178 279,896 722,074 7,969,737 2013 6.500% 466,338 206,430 721.768 7,514,3991 2014 5.500% 468,498 2620224 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 69061,628 2017 6.500% 616,875 204,700 720,676 5,545,653 2018 6.600% 534,299 187,239 721,638 5,011,354 2019 6.600% 6620723 168,894 721,617 4,468,631 2020 5.500% 6710147 149,646 720,792 3,887,484 2021 6.600% 592,203 129,429 721,632 3,295,281 2022 6.600% 613,269 108,334 721,693 2,682,022 2023 5.500% 634,315 86,184 720,499 21047,707 2024 6.500% 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 - $ 1013700133 $ 4,061,631 $ 14,421,664 N Main IH40 Utility-$1300009000-W&S Issue Certificate of Obligation-MDD Portion(mon.Move to Was natdn MOD approve $ 4 600 000 Series 2007 Date of Issue- February 1 9 2007 Term-20 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 211 Interest for Fiscal Yr Principal 2008 5.875% $ 55,385 $ 300,663 $ 356,038 $ 4,444,615 2009 5.875% 155,769 1981911 354,680 41288,846 2010 6.876% 162,692 189,357 352,049 4,126,154 2011 5.875% 169,615 179,388 349,003 3/9569539 2012 5.875% 176 538 169 003 345,541 3 780 001 2013 6.875% 183,462 158,203 341,665 3,596,539 2014 4.375% 192,115 148,137 340,252 3,404,424 2015 3.875% 199,038 139,593 3380631 3,205,386 2016 3.875% 209,423 131,424 340,847 2,995,963 2017 4.000% 218,077 122,874 3400951 2,777,886 2018 4.000% 228,462 113,943 3420405 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 10806,924 2022 4.250% 268,270 720723 340,993 1,538,654 2023 4.300% 280,386 61,064 341,449 1,268,269 2024 4.350% 292,500 48,890 341,390 965,769 2025 4.400% 306,346 35,973 342,319 659,423 2026 4.400% 321,923 22,230 344,163 337,500 2027 4.450% 337,500 7,694 345,094 - $ 4,500,000 $ 2,382.832 $ 6,882,832 16 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES West District Plant Expansion-$2906009000-W&S Issue Certificate of Obligation-MDD Portion $ 13 860 814 Series 2008 Date of Issue- February 15 2008 Term-20 Years Fiscal Interest Principal Total Total Debt Balance of Year Rate Due 211 interest for Fiscal_Yr Principal 2008 $ 262,640 $ 262,640 $ 1398609814 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% 458,112 527,640 985,762 12,654,608 2012 3.500% 479 255 511,236 990,491 12,075$ 53 2013 4.000% 505 097 492,747 997,844 11 §70.256 2014 4.000% 5300940 4729026 1,002,966 11,039,316 2016 4.000% 559,131 450,225 1,009,356 10,480,185 2016 4.00011/6 687,323 427,296 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 4.000% 681,294 351,273 1,032,567 7,946,301 2020 4.000% 716,634 323,316 1,039,850 7,228,767 2021 4.000% 764.122 293,903 1,048,026 6,474,645 2022 4.000% 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 110701511 3,975*000 2025 4.250% 920,922 166,035 1,076,957 3,054,078 2026 4.400% 967,908 116,172 1,083,080 21086,170 2027 4.600% 1,017,243 70,990 1,0880233 1,068,927 2028 4.500% 1,068,927 24,051 1,092,978 - $ 13 860,814 $ 7,052,483 $ 20,913,297 Decker Dr to 146 Flyover-$190009000-MDD issue Texas State infrastructure Bank Loan $ 1000 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 $ 148,967 $ 891,743 2010 4.07% 112,664 36,294 148,967 779,079 2011 4.07% 117,249 31,709 148,957 661,830 2012 4.07% 122,021 26,936 148,967 639,809 2013 4.07% 126,987 21 970 148,957 412,822 2014 4.07% 1329156 16,802 1489957 280,666 2015 4.07% 137,534 11,423 148,957 143,132 2016 4.07% 143,132 5,825 14%957_ - $ 1,000,000 $ 191,660 $ 1,191,659 17 BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT DETAIL DEBT AMORTIZATION SCHEDULES Aquatics Master Plan&Construction-$1010009000-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 2l1 Interest for Fiscal Yr Princi al 2010 $ 84,635 $ 84,635 $ 6.030,000 2011 1.00% 235,000 203,313 438,313 6,795.000 2012 1.00% 225,000 201,013 426,013 5,570000 2013 2.00% 240,000 197,488 437,488 5,33 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% 246,000 181,713 426,713 4,600,000 2017 3.00% 260,000 174,138 434,138 4,340,000 2018 3.00% 260,000 166,338 426,338 4,080,000 2019 3.60% 280,000 157,538 437,538 31800,000 2020 3.50% 280,000 147,737 427,737 3,620,000 2021 3.50% 295,000 137,674 432,674 3,225,000 2022 3.630A 300,000 127,074 427,074 2,925,000 2023 3.750A 320,000 115,637 435,637 2,605,000 2024 4.00% 326,000 103,137 428,137 2,280,000 2025 4.00% 345,000 89,737 434.737 1,935,000 2026 4.13% 350,000 75,619 425,619 11685,000 2027 4.25% 375,000 60,431 435,431 1,210,000 2028 4.26% 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 $_ 8,714,7fi6 18