CCPD Resolution No. 28 RESOLUTION NO. 28
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN CRIME
CONTROL AND PREVENTION DISTRICT CERTIFYING EACH OUTSTANDING
SHORT-TERM AND LONG-TERM LIABILITY OF THE DISTRICT;AND PROVIDING
FOR THE EFFECTIVE DATE THEREOF.
WHEREAS,on February 2,2002,the Baytown Crime Control and Prevention District(the"District")
held a special election regarding the continuation of the District and the associated sales tax; and
WHEREAS, a majority of the votes cast at the such election were not in favor of continuing the
District for 10 years nor continuing the Crime Control and Prevention District sales tax for 10 years;and
WHEREAS,due to the results of the election,the District was dissolved pursuant to the Crime Control
and Prevention District Act(the"Act')on August 2,2002; and
WHEREAS,pursuant to the Act,not later than the 30''day after the date of dissolution,the District
must certify each outstanding liability; NOW THEREFORE,
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN CRIME CONTROL
AND PREVENTION DISTRICT:
Section 1: That the Board of Directors of the Baytown Crime Control and Prevention District
hereby certifies that each outstanding short-term and long-term liability is evidenced in Exhibit"A,"which is
attached hereto and made a part hereof 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 Crime Control and Prevention District.
INTRODUCED, READ and PASSED by the affinnative vote of the Board of the Baytown Crime
Control and Prevention District this the 8`h day of August, 2002.
/&
PETE C. ALFARO,Presi ent
ATTEST:
—G W.4MITH, Secretary
APPROVED AS TO FORM:
9".D� 1��4
dtMACIO RAMIREZ, SR.,"I Counsel
FAKarcn\Files\City CounciWrime Control&Prevention District\CCPDCertifyingOhGgatians.doc
Crime Control and Prevention district
Long Term Liabilities
1998 Tax&Revenue Certificates of Obligation
Original Issue: $5,955,000
Series 1998 Date of Issue- 5/15/1998 Term-10 Years
Fiscal Interest Principal Interest Interest Total Total Debt Balance of
Year Rate Due 2/1 Due 2/1 Due 8/1 Interest for Fiscal Yr Principal
$5,955,000.00
1999* 4.5% $ 470,000.00 $198,432.00 $128,947.50 $ 327,379.50 $ 797,379.50 5,485,000.00
2000* 4.5% 510,000.00 128,947.50 117,472.50 246,420.00 756,420.00 4,975,000.00
2001* 4.5% 535,000.00 117,472.50 105,435.00 222,907.50 757,907.50 4,440,000.00
2002* 4.5% 555,000.00 105,435.00 92,947.50 198,382.50 753,382.50 3,885,000.00
2003 4.5% 580,000.00 92,947.50 79,897.50 172,845.00 752,845.00 3,305,000.00
2004 4.5% 605,000.00 79,897.50 66,285.00 146,182.50 751,182.50 2,700,000.00
2005 4.5% 630,000.00 66,285.00 52,110.00 118,395.00 748,395.00 2,070,000.00
2006 4.5% 660,000.00 52,110.00 37,260.00 89,370.00 749,370.00 1,410,000.00
2007 6.0% 690,000.00 37,260.00 16,560.00 53,820.00 743,820.00 720,000.00
2008 4.6% 720,000.00 16,560.00 - 16,560.00 736,560.00 -
Subtotal 5,955,000.00 895,347.00 696,915.00 1,592,262.00 7,547,262.00
*Less payments thru 2002 (2,070,000.00) (550,287.00) (444,802.50) (995,089.50) (3,065,089.50)
Total $3,885,000.00 $345,060.00 $252,112.50 $ 597,172.50 $4,482,172.50
TWIT A