* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.
          [00:00:01]
          BAYTOWN MUNICIPAL 
          [  BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT 			  NOTICE OF MEETING 		 		 		 		 		 		 		 		 			 			  			BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT REGULAR MEETING  			THURSDAY, SEPTEMBER 7, 2023  			4:30 P.M. 			COUNCIL CHAMBER, CITY HALL 			2401 MARKET STREET, BAYTOWN, TEXAS 77520 			 			AGENDA 			   			CALL TO ORDER AND ANNOUNCEMENT OF QUORUM 			 		 	  ]
DEVELOPMENT DISTRICT REGULAR MEETING. 
          TODAY IS THURSDAY, SEPTEMBER THE SEVENTH, 2023. 
          UM, IT IS NOW 4 35 IN THE COUNCIL CHAMBER'S OFFICE. 
          UM, SO I CALL THIS, UM, MEETING TO ORDER AND ANNOUNCE, UH, THAT WE HAVE A QUORUM. 
          SO OUR FIRST ITEM, 
          [a.  Consider a resolution adopting the Baytown Municipal Development District Fiscal Year 2023-24 Budget.]
UH, FOR DISCUSSION IS CONSIDER A RESOLUTION ADOPTING THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT FISCAL YEAR BUDGET, UM, 2023. 
          2024. 
          UM, SO WHO, WE'LL BRING THAT FORWARD. 
          HI, MS. TERESA. 
          UH, GOOD EVENING. 
          UM, THIS IS THE SAME BUDGET, UM, THAT YOU WERE PRESENTED PREVIOUSLY. 
          THERE HAVEN'T BEEN ANY CHANGES. 
          UM, THE REVENUE IS 8.8 MILLION EXPENDITURES 8.3, LEAVING A WORKING CAPITAL BALANCE OF 526,000. 
          QUESTIONS DIRECT TO YOU. 
          OKAY, THANK YOU. 
          AND STAFF RECOMMENDS APPROVAL. 
          OKAY. 
          UM, SO I NEED A MOTION FOR APPROVAL FOR THE BUDGET. 
          YES. 
          UH, UH, THE EXECUTIVE SESSION ITEM MM-HMM . 
          IS SOMETHING THAT MAY NEED TO BE DISCUSSED AS PART BEFORE WE APPROVE THE BUDGET. 
          I DON'T THINK WE NEED TO GO INTO DEPTH ON THE BUDGET AT ALL. 
          I THINK Y'ALL ALREADY SEEN IT. 
          NOTHING HAS CHANGED FROM THAT POINT, BUT THE EXECUTIVE SESSION CONVERSATION, UM, IMPACTS IT COULD IMPACT THE BUDGET. 
          OKAY. 
          AND SO WE MAY NEED TO GO INTO EXECUTIVE SESSION, DISCUSS THAT QUICKLY, AND THEN COME BACK OUT HERE AND WE CAN VOTE ON THE BUDGET. 
          OKAY. 
          LET ME FIRST, UM, THERE IS SOMEONE WHO SIGNED UP FOR THIS ITEM ONE A. 
          SO LET ME HAVE THEM COME UP AND, UM, SEE WHAT THEY HAVE TO SAY BEFORE WE GO INTO EXECUTIVE SESSION. 
          UM, SO WE HAVE DONOVAN, UH, DONOVAN JONES. 
          UM, IF YOU CAN COME UP, YOU HAVE THREE MINUTES. 
          HI. 
          HI. 
          HI, HOW ARE YOU? GOOD AFTERNOON. 
          GOOD. 
          HOW ARE YOU? I HOPE I SIGNED UP FOR THE WRONG, FOR THE RIGHT ITEM. 
          I MEAN, , WE DO TOO. 
          OKAY. 
          UM, SO WE ARE A SMALL ENTERTAINMENT COMPANY. 
          WE JUST RECENTLY PURCHASED A SMALL BUILDING DOWNTOWN BECAUSE OF THE REGENERATION INCENTIVE PROGRAM THAT WAS PRESENTED TO US IN BAYTOWN. 
          WE WERE VERY EXCITED TO BE PART OF THAT. 
          AND RIGHT UP UNTIL LAST WEEK, WE UNDERSTOOD THAT THIS MEETING WOULD BE PART OF A REVIEW OF OUR BIG APPLICATION, WHICH WAS GREATLY NEEDED AND WOULD BENEFIT MANY, MANY EXPENDITURES LIKE, UM, SPRINKLER SYSTEMS AND REMODELING AN ENTIRE BUILDING THAT WAS NOT TOUCHED SINCE THE 1940S, UH, WITH SEVERE CODE VIOLATIONS. 
          UH, WE HAD CONSIDERED SEVERAL OTHER TOWNS. 
          NONE HAD THIS REGENERATION INCENTIVE PROGRAM AT THIS TIME. 
          WE WERE VERY EXCITED TO BE A PART OF IT. 
          WE WERE VERY DISAPPOINTED TO HEAR THAT THAT REVIEW IS NOT TAKING PLACE, UH, AT THIS MEETING. 
          AND WE VERY MUCH HOPE THAT IT WILL TAKE PLACE IN A VERY NEAR FUTURE BECAUSE WE WISH TO CONTINUE SUPPORTING THIS TOWN. 
          AND WE WOULD LIKE TO DO, WE'D LIKE TO DO IT UP TO THE CODES THAT ARE NOW IN EFFECT FOR THE 2015 AND, UM, THAT WILL INVOLVE HUNDREDS UPON HUNDREDS OF THOUSANDS ON OUR PART. 
          AND ALL WE'RE ASKING FOR IS THAT LITTLE BIT OF ASSISTANCE THAT WAS ALREADY, UM, HOW SHALL I SAY, INCENTIVIZED US TO COME HERE IN THE FIRST PLACE. 
          THANK YOU. 
          OKAY. 
          THANK YOU. 
          THANK YOU. 
          IF WE CAN HAVE STAFF KIND OF REVIEW THAT ITEM FOR HIM. 
          THANK YOU. 
          ALL RIGHT. 
          UM, SO NOW, BECAUSE WE DO NEED TO GO INTO EXECUTIVE SESSION, I'M GONNA 
          [a.  Recess into and conduct an executive session pursuant to Section(s) 551.072 and/or 551.087 of the Texas Government Code to deliberate the purchase, exchange, lease, or value of real property and/or to deliberate regarding economic development negotiations. ]
JUMP FORWARD TO THREE A TO DISCUSS MATTERS THAT MAY IMPACT ITEM ONE A. 
          SO WE'RE GONNA RECESS INTO AND CONDUCT AN EXECUTIVE SESSION PURSUANT TO SECTION 5 5 1 0.072 AND OR 5 5 1 0.087 OF THE TEXAS GOVERNMENT CODE TO DELIBERATE THE PURCHASE EXCHANGE LEASE OR VALUE OF REAL, UH, REAL PROPERTY AND OR DELIBERATE REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS. 
          SO, UH, WE'LL NOW RECESS INTO AND CONVENE AN EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE, UM, AS READ 5 5 1 0.072 TO DELIBERATE THE PURCHASE EXCHANGE LEASE OR VALUE OF REAL PROPERTY AND OR SECTION 5 5 2 0.8087 TO DELIBERATE, UH, REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS. 
          UM, SO IT IS NOW FOUR 40 AND WE BREAK. 
          OKAY. 
          UM, IT IS NOW, UH, FIVE 13. 
          I RECONVENE OUR OPEN MEETING OF THE BAYTOWN MUNICIPAL DEVELOPMENT DISTRICT AND ANNOUNCED THAT IN ACCORDANCE WITH SECTION 5 5 1 0.102 OF THE TEXAS GOVERNMENT CODE, NO ACTION WAS TAKEN IN EXECUTIVE SESSION. 
          SO WE'LL MOVE, UH, BACK, UM, TO ITEM ONE A, UM, TO CONSIDER RESOLUTION ADOPTING THE BAYTOWN MUNICIPAL DEVELOPMENT FISCAL YEAR 20 23, 20 24 
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BUDGET. 
          SO I NEED A MOTION MOVE TO APPROVE ONE A SECOND. 
          OKAY. 
          ANY QUESTIONS OR FURTHER DISCUSSION? ALL IN FAVOR, AYE. 
          AYE. 
          AYE. 
          OKAY. 
          ANY OPPOSED? NO. 
          OKAY. 
          SO WE'LL MOVE TO 
          [b.  Consider a resolution authorizing payment to S&P Global Ratings for analytical services rendered.]
ITEM ONE B IS TO CONSIDER A RESOLUTION AUTHORIZING PAYMENT TO S AND P GLOBAL RATINGS FOR ANALYTICAL SERVICES RENDERED. 
          THANK YOU MADAM VICE PRESIDENT. 
          UNDER THE TERMS OF THE BOND IN DENTURE, UH, FOR THE HOTEL AND CONVENTION CENTER BONDS, WE ARE REQUIRED TO CONTRACT WITH S AND P TO PROVIDE THIS ANALYSIS FOR US. 
          SO IT IS A CONTRACTUAL BINDING COMMITMENT FROM THE, UH, THE BOND TRUST. 
          OKAY. 
          OKAY. 
          SO WE WILL CONSIDER IT RECEIVED. 
          UM, SO, UH, IS THERE ANY DISCUSSION, ANY COMMENTS? NO. 
          SO I NEED A MOTION MOVE TO APPROVE ONE B SECOND. 
          SO, ALL IN FAVOR? AYE. 
          AYE. 
          ANY OPPOSED? ALL RIGHT. 
          SO WE'LL MOVE, 
          [a. The next Baytown Municipal Development District meeting is scheduled for Thursday, October 5, 2023, at 4:30 p.m., in the Council Chamber located at City Hall, 2401 Market Street, Baytown, Texas, 77520. ]
UH, TO ITEM TWO A, WHICH IS THE NEXT BAYTOWN, UH, THE MANAGER'S REPORT, SORRY, UH, BOARD, WE DO HAVE A MEETING SCHEDULED FOR OCTOBER 5TH AT 4:30 PM I WOULD LIKE Y'ALL TO KNOW THAT THAT WILL MOST LIKELY BE CANCELED DUE TO A LACK OF A QUORUM. 
          UH, DUE TO, UM, DOUBLE BOOKING, SO TO SPEAK. 
          FOR MOST OF COUNCIL, UH, WE WILL MOST LIKELY HAVE A SPECIAL SESSION MEETING, UH, WITHIN SEPTEMBER, UH, OR BEFORE, BEFORE THE OCTOBER 5TH DATE. 
          I DON'T HAVE A SPECIFIC TIME. 
          ONE WAS RECOMMENDED TO HAVE IT, UH, CONCURRENTLY WITH THE COUNCIL MEETING ON THE 14TH. 
          AND SO THE SPECIFICS WILL BE WORKED OUT AND PASSED ON TO THE BOARD, UM, IN THE VERY NEAR FUTURE. 
          OKAY, THANK YOU. 
          AND, UM, SO WE HAVE ADDRESSED ALL OF OUR ITEMS FOR TODAY, AND THE MEETING IS ADJOURNED.
* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.