MDD Resolution No. 418 RESOLUTION NO. 418
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT ADOPTING A BUDGET FOR THE
ENSUING FISCAL YEAR, BEGINNING OCTOBER I, 2021, AND ENDING
SEPTEMBER 30, 2022; AND PROVIDING FOR THE EFFECTIVE DATE
THEREOF.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT:
Section l: 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, 2021, and ending September 30, 2022, as finally submitted to the Board of
Directors by the General Manager of said District, is hereby 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, 2021, and ending September 30, 2022. 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 vote of the Board of Directors
of the Baytown Municipal Development District this the 511, day of ugust, 2021.
CHRIS PRESLEY, Vice President
ATTEST:01 r.,-,,CIA
r�
A 'G-EJL;kykCKSON, In. t S ary
APPROVED AS TO FORM:
KAREN RNER, General Counsel
R:1Karen AndersonlRESOLUTIONS1MDD12021.08.051Kesolution-Adopt Budget.docx
Exhibit "A"
BAYTO"
MUNICIPAL
DEVELOPMENT DISTRICT
(MDD)
PROPOSED PROJECTS BUDGET
2021 -22
BAYTOWN
City of Baytown FY22 Proposed Budget
BAYTOWN
MUNICIPAL DEVELOPMENT
DISTRICT (MDD)
DIRECTORS
BRANDON CAPETILLO, President
CHRIS PRESLEY, Vice President
LAURA ALVARADO, Secretary
CITY CLERK, Assistant Secretary
SUHEY RIOS-ALVAREZ, Director
HEATHER BETANCOURTH, Director
GARY ENGLERT, Director
MARY HERNANDEZ, Director
DAVID P. JIRRELS, Director
CHARLES JOHNSON, Director
MIKE LESTER, Director
JACOB POWELL, Director
City of Baytown FY22 Proposed Budget
BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT
MAJOR BUDGET ISSUES
FISCAL YEAR 2021-22
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 — Sales tax revenue is budgeted at $6,702,577. Along with other miscellaneous
revenues, the total revenues for 2021-22 are projected at $6,637,866.
EXPENDITURES — Included in this year's program are ongoing economic development
expenditures as well as improvements in the areas of utilities and parks. Generally, project costs
may include functions such as services, construction or debt service on long-term construction
projects.
FY22 NEW PROJECTS:
BNC - Kayak Launch Replacement/Restoration $55,000
The BNC received 23 Kayaks from Chevron Phillips Chemical to promote activity on the bay.
The BNC lost the kayak launch during Hurricane Harvey and was never replaced. This allocation
provides funding to replace the kayak launch and enhance activity on the bay from additional
programming and individual or family fun as well as with restoration of the old area.
Annual Operating Impact: Operating and maintenance costs have no impact.
Ginger Creek Estate Park Phase II $50,000
This allocation provides funding for the second phase which will include the construction of a
half basketball court, benches, exercise equipment and small shelter.
Annual Operating Impact: Operating and maintenance costs have no impact.
Newcastle Park Phase II & III $221,000
This allocation provides funding for completion all remaining phases of the Newcastle Park
Master Plan Concept proposed for the park. Phase II will include the construction of a basketball
court, exercise equipment, small shade structure, shade picnic shelter, benches, and portacan
enclosure.
Annual Operating Impact: Operating and maintenance costs have no impact.
Wayne Parking arking Enhancements $300,000
This allocation provides funding for enhancements to improve parking.
Annual Operating Impact: Operating and maintenance costs have no impact.
BNC - Wetlands Overlook Walkway $160,000
The current lookout walkway at the BNC is in current need of repair. The slopes have begun to
fall and slide and is undermining the walkway. This allocation provides funding to make repairs
to the facility and place gutters on the shelter to protect the new walkway.
City of Baytown FY22 Proposed Budget
BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT
MAJOR BUDGET ISSUES
FISCAL YEAR 2021-22
Annual Operating Impact: Operating and maintenance casts have no impact.
Goose Creek Trail Phase 7b $540,765
This allocation will provide funding for the completion of Phase 7 and finish the remaining
portion of trail for 7a that stopped at Manor Drive. Phase 7a was installed with a portion of
funding allocated previously in 2021 budget in regards to the remaining 10 ft wide concrete trail
and provide a shared use path that connects to McElroy Park, existing neighborhood sidewalks,
and the existing trail system from Baker Road to Cedar Bayou Lynchburg utilizing the
Centerport Utility Corridor.
Annual Operating Impact: Operating and maintenance costs have no impact.
Evergreen Waterfall Repair Replacement and Decking $250,000
This allocation will provide funding to repair the waterfall feature and construct a patio/deck and
viewing area to function as an additional rentable space, paired with existing Evergreen
Clubhouse as well as enhance park usership and community health within the community.
Annual Operating Impact: Operating and maintenance costs hale no impact.
Art in The Park $50,000
This allocation will provide funding to create visual art pieces in the park for people to enjoy and
also become a destination place for visitors. Park themes are entrance feature for Wayne Gray
Sports Facility, Unidad Park, and McElroy Park.
Annual Operating Impact: Operating and maintenance costs have no impact.
Duke Hill Courts Paint and Disc Golf Course $25,000
This allocation will provide funding to refinish and resurface the existing soccer/tennis courts
and install a 9 hole Disc Golf Course at Duke Hill Park. This will help improve a park that is
under utilized on the westside of the park.
Annual Operating Impact: Operating and maintenance costs have no impact.
Town Square Green Space Improvements $600,000
This allocation will provide funding to remove and replace the grass with all-weather turf to
support the special events hosted at the Town Square and the Market Street business and arts
district, along with providing shade structures.
Annual Operating Impact: Operating and maintenance costs have no impact.
City of Baytown FY22 Proposed Budget
MUNICIPAL DEVELOPMENT DISTRICT(MDD) PROGRAM FUND
BUDGET SUMMARY for Fiscal Year 2021-22
Actual Total Allocation Estimated Total Allocation
2019-20 2020-21 2020-21 2021-22
Beginning working capital $ 3,994,598 $ 5,573,395 $ 5,573,395 $ 3,152.626
Revenues
Sales Taxes 6,856,399 5,396,600 6,475,920 6,702,577
Rebates (97,137) (59,842) (67,023) (69,369)
Investment Interest 37,016 15,000 4,500 4,658
Miscellaneous 198,757 - - -
Total MDD Revenues 6,995,035 5,351,758 6,413,397 6,637,866
Expenditures
Economic Development Projects
Development of New and Expansion of
Existing Businesses and Industry 414,781 375,250 375,250 500,000
Econ Development Foundation-Basic
Economic Development Services 310,550 250,000 250,000 250,000
Economic Development Manager 158,366 156,544 160,429 167,424
Econ Development Foundation-Special
Economic Development Projects - 150,000 150,000 150,000
Economic Incentive-HEB 150,000 150,000 150,000 150,000
Brunson Redevelopment 984 - - -
Convention Center Debt Service 1,154,975 1,382,647 1,382,647 1,600,000
Hotel/Convention Center Reimbursement 50,000 217,353 217,353 -
Property Acquisition for Economic
Development - 400,000 244,967 400,000
Citizens Bank Building - 1,400,000 1,400,000 -
Business Improvement Grant Program - 50,000 50,000 200,000
Baytown Revolving Loan Fund - 100,000 100,000 50,000
Subtotal 2,239,656 4,631,794 4,480,646 3,467,424
Utility Projects
Economic Dev. Cost Share with Developers to
Upsize New Utilities - - - 400,000
1-10 Lift Station - 251,439 - 751,439
NE WW Treatment Plant Debt Service(60%
2014, 2015&2016 GO's Refunding)Year 7 of
21 996,144 953,813 953,813 958,750
Subtotal 996,144 1,205,252 953,813 2,110,189
Parks Projects
Aquatics Master Plan Phase 1 &2
Construction(Debt Svc on$6mm)Year 3 of 12 419,238 394,850 394,850 389,050
Pirates Bay Waterpark Expansion(Debt
Service on$5.5mm)Year 9 of 20 367,221 362,387 362,387 360,900
Baytown Sports League Improvements 22,102 50,000 50,690 70,000
Rent/Purchase of Ice Rink for Town Square 101,120 100,000 99,304 100,000
Land Acquisition-Future Parks(Ginger Creek) 3 - - -
Repair Fire Fighter Memorial 12,650 - - -
Jenkins Park - - - -
City Gateway Project III 35,245 6,447 6,447 80,000
Park Operations Center 132,401 912,366 912,366 -
Dredging-Bayland Marina&Channels 388,307 - 8,750 -
Ward Road Walking Loop Trail 4,727 10,633 10,633 -
EPA Tree Planting Project 100,000 79,000 79,000 -
Median Beautification - 50,000 50,000 -
Crocket&Baybrook Connect Trail 195,301 - - -
Park Development(Russell Park) - 300,000 - 300,000
City of Baytown FY22 Proposed Budget
MUNICIPAL DEVELOPMENT DISTRICT(MDD) PROGRAM FUND
BUDGET SUMMARY for Fiscal Year 2021-22
Actual Total Allocation Estimated Total Allocation
2019-20 2020-21 2020-21 2021-22
Goose Creek Trail Phase VII 36,504 75,000 34,235 540,765
Newcastle Park - 350,000 350,000 221,000
Ginger Creek Park 65,618 54,663 54,663 50,000
"Perfect Trail"Pilot Bundle-Jenkins Park
(lighting,signage&security cameras) - 350,000 350,000 -
Park Security - 50,000 - 100,000
Basketball Shelters - 190,000 190,000 -
BNC Kayak Launch Replacement/Restoration - - - 55,000
Baytown Nature Center Wetlands Overlook
Walkway - - - 160,000
Evergreen Waterfall Repair, Replacement&
Decking - - - 250,000
Art in The Park - - - 50,000
Duke Hill Courts Paint and Disc Golf Course - - - 25,000
Wayne Gray Parking Enhancements - - - 300,000
Town Square Green Space Improvements - - - 600,000
Subtotal 1,880,438 3,335,346 2,953,325 3,651,715
Total MDD Projects 5,116,238 9,172,392 8,387,784 9,229,328
Other
Project Administration and Overhead 300,000 300,000 300,000 300,000
Unforeseen/New Initiatives - 146,382 146,382 261,164
Subtotal 300,000 446,382 446,382 561,164
Total MDD Expenditures 5,416,238 9,618,774 8,834,166 9,790,492
Revenues over(under)expenses 1,578,797 (4,267,016) (2,420,769) (3,152,626)
Ending working capital $ 5,573,395 $ 1,306,378 $ 3,152,626 $ -
City of Baytown FY22 Proposed Budget
MUNICIPAL DEVELOPMENT DISTRICT(MDD)PROGRAM FUND
BUDGET SUMMARY-PROJECTED WORKING CAPITAL
Fiscal Year 2020.21 Estimated revenue growth for projected years: 2.0%
Estimated ota
7- Expenditures Allocation Projected Projected Projected Projected Projected
2020-21 2021-22 2022-23 2023.24 2024-25 2025-26 2026-27
Revenues
Sales Taxes 6.475.920 6702,577 6,837,000 6,980,054 7.213.823 7.358,000 7,505,000
Rebates (67,023) (69,369) (71,000) (72,000) (73,000) (74.000) (75,000)
Investment Interest 4.500 4.658 5.000 5,000 5,000 5,000 5,000
Total MDD Revenues 6.413.397 6,637.866 6.771,000 6,913,054 7,145.823 7,289,000 7,435,000
Expenditures
Economic Development Projects
Development of New and Expansion of Existing
Businesses and Industry 375,250 500.000 500.000 500.000 500.000 500,000 500.000
Econ Development Foundation-Basic Economic
Development Services 250.000 250,000 250.000 250,000 250,000 250.000 250.000
Economic Development Manager 160,429 167,424 170.772 174,000 177,000 181,000 185.000
Econ Development Foundation-Special Economic
Development Projects 150,000 150 000 150,000 150.000 154000 150,000 150,000
Economic Incentive-HEB 150.000 150,000 150,000 150,000 150,000 150,000 150,000
Brunson Redevelopment -
Convention Center Debt Service 1.382,647 1,600,000 1,400,000 1,400,000 1.400.000 1,400,000 1,400,000
HoteUConvention Center Reimbursement 217,353 - -
Property Acquisition for Economic Development 244.967 400,000 400.000 400,000 400.000 400,000 400,000
Citizens Bank Building 1,400,000 - -
Business Improvement Grant Program 50,000 200.000 200.000 200.000 200.000 200,000 200.000
Baytown Revolving Loan Fund 100,000 50.000 50.000 50,000 50.000 50,000 50.000
Subtotal 4.480.646 3.467,424 3.270,772 3.274.000 3.277,000 3.281.000 3.285.000
Utility Projects
Economic Dev Cost Share with Developers to
Upsize New Utilities 400,000 400,000 400,000 400,000 400.000 400.000
1-10 Lift Station - 751,439 250,000 250,000 250,000 250.000 250.000
NE WW Treatment Plant Debt Service(60%2014
2015&2016 GO's Refunding)Year 7 of 21 953.813 958.750 962,726 968,718 973.066 871,663 173,699
Subtotal 953.813 2.110,189 1.612,726 1,618,718 1.623.066 1,521,663 823,699
Parks Projects
Aquatics Master Plan Phase 1&2 Construction
(Debt Svc on$6mm)Year 3 of 12 394,850 389,050 396,575 392,350 397,825 386.450 397,950
Pirates Bay Walerpark Expansion(Debt Service on
$5 5mm)Year 9 of 20 362,387 360,900 362,753 362,754 365.704 364.396 364.004
Baytown Sports League improvements 50.690 70,000 50,000 50,000 50.000 50,000 50.000
Rent/Purchase of Ice Rink for Town Square 99.304 100,000 100,000 100.000 100,000 100.000 100.000
Jenkins Park - - -
City Gateway Project III 6,447 80,000
Park Operations Center 912.366 -
Dredging•Bayland Marina&Channels 8,750
Ward Road Walking Loop Trail 10,633
EPA Tree Planting Project 79,000
Median Beautification 50 000
Park Development(Russell Park) - 300,000
Goose Creek Trail Phase Vtl 34,235 540,765
Newcastle Park 350.000 221,000
Ginger Creek Park 54.663 50.000
signage&security cameras) 350.000
Park Security - 100.000
Basketball Shelters 190,000
BNC Kayak Launch Replacement/Restoration - 55,000
Walkway 160,000
Decking 250.000
Art in The Park 50,000
Duke Hill Courts Paint and Disc Goff Course 25.000
Wayne Gray Parking Enhancements 300,000
Town Square Green Space Improvements 600.000 -
Future Projects - 500.000 500,000 750.000 1,000,000 1,500.000
Subtotal 2,953,325 3,651,715 1,409.328 1,405,104 1.663,529 1.900.846 2.411.954
Total MDD Projects 8.387.784 9.229.328 6.292,826 6.297.823 6,563,595 6,703,509 6.520.654
Other
Project Administration and Overhead 300,000 300.000 300,000 300.000 300,000 300,000 300.000
Unforeseen/NewInitiatives 146,382 261,164 76.174 211.232 176,227 177.491 504,346
Subtotal 446,382 561,164 376.174 511,232 476,227 477,491 804.346
Total MDD Expenditures 8.834,166 9,790,492 6669.000 6,809.054 7.039,823 7.181,000 7,325.000
Revenues over(under)expenditures (2.420,769) (3.152,626) 102,000 00000 104,000 00 106,000 00 108,000 00 110,000 00
Ending working capital 3.152.626 102,000 00 206,000 00 312,000 00 420,000.00 530,000 00
City of Baytown FY22 Proposed Budget
SUPPLEMENTAL INFORMATION
INCLUDED FOR PLANNING
PURPOSES
BAYTOWN
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
ANNUAL REQUIREMENT TO AMORTIZE BONDED DEBT
Fiscal Principal Interest Interest Total Annual
Year Due 02/01 Due 02/O1 Due 08/01 Interest Requirement
2022 1,301,885 215,572 191,242 406,814 1,708,699
2023 1,366,686 191,242 164,126 355,368 1,722,054
2024 1,423,952 164,126 135,744 299,871 1,723,822
2025 1,492,225 135,744 108,626 244,370 1,736,595
2026 1,432,957 108,626 80,925 189,551 1,622,508
2027 788,435 80,925 66,294 147,219 935,654
2028 746,159 66,294 52,974 119,268 865,427
2029 784,030 52,974 38,894 91,869 875,899
2030 802,619 38,894 26,190 65,084 867,702
2031 432,874 26,190 18,944 45,133 478,007
2032 449,796 18,944 11,297 30,241 480,037
2033 463,384 11,297 3,217 14,514 477,898
2034 107,340 3,217 1,070 4,287 111,627
2035 53,503 1,070 - 1,070 54,573
S 11,645,846 S 1,115,115 $ 899,543 S 2,014,658 $ 13,660,504
' 1Requirements
111 111 11
1,800,000.00
1,600,000.00
11 111 11
1,200,000.00
1,000,000.00 Interest
800,000.00
600,000.00
400,000.00
200,000.00
0.00
Fiscal Year
City of Baytown FY22 Proposed Budget
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
Series 2013 Date of Issue: May 26,2013 $ 5,500,000
Tax&Revenue Certificate of Obligation: MDD Allocation Only Term: 20 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 02/01 Due 02/01 Due 08/01 Interest Re uirement Outstanding
2013 4.000% S - S 69,177 S 64,377 S 133,554 S 133,554 S 5,500,000
2014 2.000% 216,667 81,031 78,865 159,896 376,563 5,283,333
2015 2.000% 220,000 78,865 76,665 155,529 375,529 5,063,333
2016 2.000% 225,000 76,665 74,415 151,079 376,079 4,838,333
2017 2.000% 230,000 74,415 72,115 146,529 376,529 4,608,333
2018 2.500% 235,000 72,115 69,177 141,292 376,292 4,373,333
2019 4.000% 240,000 69,177 64,377 133,554 373,554 4,133,333
2020 4.000% 243,333 64,377 59,510 123,888 367,221 3,890,000
2021 4.000% 248,333 59,510 54,544 114,054 362,388 3,641,667
2022 2.500% 255,000 54,544 51,356 105,900 360,900 3,386,667
2023 2.500% 263,333 51,356 48,065 99,421 362,754 3,123,333
2024 2.500% 270,000 48,065 44,690 92,754 362,754 2,853,333
2025 2.625% 280,000 44,690 41,015 85,704 365,704 2,573,333
2026 3.000% 286,667 41,015 36,715 77,729 364,396 2,286,667
2027 3.000% 295,000 36,715 32,290 69,004 364,004 1,991,667
2028 3.125% 305,000 32,290 27,524 59,814 364,814 1,686,667
2029 3.125% 315,000 27,524 22,602 50,126 365,126 1,371,667
2030 3.250% 325,000 22,602 17,321 39,923 364,923 1,046,667
2031 3.250% 336,667 17,321 11,850 29,171 365,838 710,000
2032 3.300% 350,000 11,850 6,075 17,925 367,925 360,000
2033 3.375% 360,000 6,075 - 6,075 366,075 -
S 5,500,000 S 1,039,376 S 953,545 S 1,992,921 S 7,492,921
Call Option:Bonds maturing on 02/01/2023 to 02/01/2033 callable in whole or in part on any date beginning 02/01/22(cr par.
Series 2014 Date of Issue: April 1,2014 $ 2,100,283
General Obligation and Refunding Bonds: MDD Allocation Only Term:20 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 02/01 Due 02/01 Due 08/01 Interest Requirement Outstanding
2014 S - S - $ 11,885 S 21,885 S 21,885 S 2,100,283
2015 2.000% 115,291 37,163 36,023 73,186 188,477 1,984,992
2016 3.000% 174,064 36,023 33,412 69,434 243,498 1,810,928
2017 3.000% 152,720 33,412 31,121 64,532 217,252 1,658,208
2018 3.000% 135,056 31,121 29,095 60,216 195,272 1,523,152
2019 3.000% 140,208 29,095 26,992 56,087 196,295 1,382,944
2020 4.000% 145,728 26,992 24,077 51,069 196,797 1,237,216
2021 4.000% 130,272 24,077 21,472 45,549 175,821 1,106,944
2022 4.000% 135,792 21,472 18,756 40,228 176,020 971,152
2023 4.000% 142,048 18,756 15,915 34,671 176,719 829,104
2024 4.000% 148,304 15,915 12,949 28,864 177,168 680,800
2025 4.000% 154,560 12,949 9,858 22,807 177,367 526,240
2026 4.000% 131,744 9,858 7,223 17,081 148,825 394,496
2027 3.250% 43,424 7,223 6,517 13,740 57,164 351,072
2028 3.375% 44,896 6,517 5,760 12,277 57,173 306,176
2029 3.500% 46,368 5,760 4,948 10,708 57,076 259,808
2030 3.500% 48,208 4,948 4,105 9,053 57,261 211,600
2031 3.750% 50,048 4,105 3,166 7,271 57,319 161,552
2032 3.750% 51,888 3,166 2,193 5,359 57,247 109,664
2033 4.000% 53,728 2,193 1,119 3,312 57,040 55,936
2034 4.000% 55,936 1,119 - 1,119 57,055 -
S 2,100,283 S 331,863 S 316,585 S 648,448 S 2,748,731
Call Option:Bonds maturing on 02/01/2025 to 02/01/2034 callable in whole or in part on any date beginning 02/01/24(Cif par.
City of Baytown FY22 Proposed Budget
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
Series 2015 Date of Issue: July 7,2015 $ 1,770,131
General Obligation and Refunding Bonds: MDD Allocation Only Term:20 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 02/01 Due 02/01 Due 08/01 Interest Requirement Outstanding
2016 0 $ 21,331 $ 47,057 $ 41,308 $ 88,365 $ 109,696 $ 1,748,800
2017 5.000% 101,060 41,308 38,781 80,089 181,150 1,647,739
2018 5.000% 107,705 38,781 36,089 74,870 182,575 1,540,035
2019 5.000% 114,349 36,089 33,230 69,319 183,667 1,425,686
2020 5.000% 121,692 33,230 30,188 63,418 185,110 1,303,994
2021 5.000% 129,385 30,188 26,953 57,141 186,526 1,174,609
2022 5.000% 137,079 26,953 23,526 50,479 187,558 1,037,530
2023 5.000% 145,821 23,526 19,881 43,407 189,227 891,709
2024 5.000% 154,913 19,881 16,008 35,888 190,801 736,797
2025 5.000% 164,704 16,008 11,890 27,898 192,602 572,093
2026 5.000% 95,116 11,890 9,512 21,402 116,518 476,977
2027 5.000% 100,011 9,512 7,012 16,524 116,536 376,965
2028 3.375% 41,263 7,012 6,316 13,328 54,591 335,702
2029 3.500% 42,662 6,316 5,569 11,885 54,547 293,040
2030 3.625% 44,411 5,569 4,764 10,333 54,744 248,629
2031 3.625% 46,159 4,764 3,927 8,692 54,851 202,470
2032 3.750% 47,908 3,927 3,029 6,957 54,864 154,563
2033 3.750% 49,656 3,029 2,098 5,127 54,783 104,907
2034 4.000% 51,404 2,098 1,070 3,168 54,573 53,502
2035 4.000% 53,503 1,070 - 1,070 54,573 -
$ 1,770,131 $ 368,208 $ 321,151 $ 689,359 $ 2,459,490
Call Option:Bonds maturing on 02/01/2026 to 02/01/2035 callable in whole or in part on any date beginning 02/01/25 @ par.
Series 2016 Date of Issue: July 19,2016 $ 4,493,018
General Obligation and Refunding Bonds:MDD Allocation Only Term: 12 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 02/01 Due 02/01 Due 08/01 Interest Requirement Outstandin
2016 $ - $ - $ 7,811 $ 7,811 $ 7,811 $ 4,493,018
2017 4.000% 113,441 117,158 114,889 232,047 345,488 4,379,577
2018 4.000% 386,455 114,889 107,160 222,049 608,505 3,993,122
2019 5.000% 407,631 107,160 96,969 204,129 611,761 3,585,490
2020 5.000% 431,076 83,825 73,048 156,874 587,949 3,154,415
2021 5.000% 456,789 73,048 61,629 134,677 591,466 2,697,626
2022 5.000% 484,015 61,629 49,528 111,157 595,172 2,213,611
2023 5.000% 510,484 49,528 36,766 86,295 596,779 1,703,127
2024 5.000% 540,735 36,766 23,248 60,014 600,749 1,162,392
2025 4.000% 567,961 23,248 11,889 35,136 603,097 594,431
2026 4.000% 594,431 11,889 - 11,889 606,319 -
$4,493,018 $ 679,141 $ 582,938 $ 1,262,078 $ 5,755,096
City of Baytown FY22 Proposed Budget
BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT
DETAIL DEBT AMORTIZATION SCHEDULES
Series 2019 Date of Issue: May 2,2019 $ 3,595,000
General Obligation and Refunding Bonds: MDD Allocation Only Term: 12 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 02/01 Due 02/01 Due 08/01 Interest Requirement Outstanding
2019 $ - $ - $ 48,046 $ 48,046 $ 48,046 $ 3,595,000
2020 3.5% 280,000 58,075 53,875 111,950 391,950 3,315,000
2021 3.5% 290,000 53,875 50,975 104,850 394,850 3,025,000
2022 3.6% 290,000 50,975 48,075 99,050 389,050 2,735,000
2023 3.8% 305,000 48,075 43,500 91,575 396,575 2,430,000
2024 4.0% 310,000 43,500 38,850 82,350 392,350 2,120,000
2025 4.0% 325,000 38,850 33,975 72,825 397,825 1,795,000
2026 4.1% 325,000 33,975 27,475 61,450 386,450 1,470,000
2027 4.3% 350,000 27,475 20,475 47,950 397,950 1,120,000
2028 4.3% 355,000 20,475 13,375 33,850 388,850 765,000
2029 4.4% 380,000 13,375 5,775 19,150 399,150 385,000
2030 4.4% 385,000 5,775 - 5,775 390,775 -
$ 3,595,000 $ 394,425 $ 384,396 $ 778,821 $ 4,373,821
City of Baytown FY22 Proposed Budget