Notice of Meeting Industrial Development Corporation October 27, 2020 - 9:00 A.M

NOTICE OF MEETING INDUSTRIAL DEVELOPMENT CORPORATION OCTOBER 27, 2020 - 9:00 A.M. Virtual Meeting Dial In: 346 248 7799 US (Houston) Meeting ID: 869 9232 0115 Passcode: 019023

Notice is hereby given in accordance with Order of the Governor issued March 16, 2020, the City Council of the City of Galveston will conduct its Special Meeting by telephone/video conference in order to advance the public health goal of limiting face-to-face meetings (also called "social distancing") to slow the spread of the Corona Virus/COVID-19. There will be no public access to the location described above.

AGENDA I. Declaration Of A Quorum

II. Roll Call

III. Conflict Of Interest Declaration

IV. Consider Approval Of The October 6, 2020 Minutes.

Documents:

_10062020-3591 (1).PDF

V. Public Comment On Agenda Items

VI. Public Hearings

A. Beach Remediation Project 1. Consider For Approval A Resolution Of The Board Of Directors Of The Industrial Development Corporation Of The City Of Galveston, Approving As A Project Of The Corporation The Purchase Of Beach Remediation Equipment, Debris Removal Services, Sand Fence Materials & Installation. 2. Consider for approval an Economic Development Grant Agreement between the City of Galveston, Texas and the Industrial Development Corporation of the City of Galveston, Texas for the purchase of beach remediation equipment, Debris Removal services, Sand Fencing material and installation.

Documents:

2020_1020 - BEACH REMEDIATION EQUIPMENT PACKAGE, SERVICES AND SUPPLIES UPDATED.PDF

VII. Administrative Matters

A. Consider For Action Engaging IHeartRadio For Small Business Targeted Marketing Services.

Documents:

IDC CONTRACT 2020 TARGETED MARKETING FOR SMALL BUSINESSES.DOCX IHEARTMEDIA NO 2 IDC 10-16.PDF

B. Consider For Action Engaging The Galveston County Daily News For Small Business Targeted Marketing Services.

C. Discuss And Consider For Approval An Agreement Between The Galveston Industrial Development Corporation And The Coastal Windstorm Insurance Coalition (CWIC) For Legislative Services.

Documents:

GALVESTON INDUSTRIAL DEVELOPMENT CORPORATION.DOCX

D. Discuss And Consider Giving Staff Direction On Pursuing An Admiral Level Membership With The Chamber Of Commerce.

E. Discuss And Consider Giving Staff Direction On Funding For A Leadership Galveston Grant.

VIII. Discuss And Receive An Update From The Treasurer On Expenses, Available Funds, Forecasts, And Investments.

Documents:

COPY OF FORECASTING - IDC BEACH SILO AS OF 5.2020 V2.PDF FORECASTING - IDC PARKS SILO AS OF 5.2020.PDF FORECASTING - IDC PUBLIC INFRA AS OF 5.2020.PDF FORECASTING - IDC ED SILO AS OF 5.2020.PDF IDC FY21 PROPOSED BUDGET.PDF

IX. Discuss And Receive An Update On Current Or Completed IDC Projects.

Documents:

COPY OF FY20- SEP 2020 MEETING IDC SPREADSHEET AS OF 9.30.20.PDF

X. Schedule Future Meetings

XI. Request Agenda Items For Future Meetings

XII. Adjournment

I certify that the above Notice of Meeting was posted in a place convenient to the public in compliance with Chapter 551 of the Texas Government Code on October 23, 2020 at 1:15 P.M.

Janelle Williams, City Secretary

*City Council Members may be attending and participating in the discussions

IN ACCORDANCE WITH THE PROVISIONS OF THE AMERICANS WITH DISABILITIES ACT (ADA), PERSONS IN NEED OF A SPECIAL ACCOMMODATION TO PARTICIPATE IN THIS PROCEEDING SHALL, WITHIN THREE (3) DAYS PRIOR TO ANY PROCEEDING, CONTACT THE CITY SECRETARY'S OFFICE, SUITE 201, 823 ROSENBERG, GALVESTON, TEXAS 77550 (409-797-3510). NOTICE OF MEETING INDUSTRIAL DEVELOPMENT CORPORATION OCTOBER 27, 2020 - 9:00 A.M. Virtual Meeting Dial In: 346 248 7799 US (Houston) Meeting ID: 869 9232 0115 Passcode: 019023

AGENDA I. Declaration Of A Quorum

II. Roll Call

III. Conflict Of Interest Declaration

IV. Consider Approval Of The October 6, 2020 Minutes.

Documents:

_10062020-3591 (1).PDF

V. Public Comment On Agenda Items

VI. Public Hearings

Documents:

2020_1020 - BEACH REMEDIATION EQUIPMENT PACKAGE, SERVICES AND SUPPLIES UPDATED.PDF

VII. Administrative Matters

A. Consider For Action Engaging IHeartRadio For Small Business Targeted Marketing Services.

Documents:

IDC CONTRACT 2020 TARGETED MARKETING FOR SMALL BUSINESSES.DOCX IHEARTMEDIA NO 2 IDC 10-16.PDF

B. Consider For Action Engaging The Galveston County Daily News For Small Business Targeted Marketing Services.

C. Discuss And Consider For Approval An Agreement Between The Galveston Industrial Development Corporation And The Coastal Windstorm Insurance Coalition (CWIC) For Legislative Services.

Documents:

GALVESTON INDUSTRIAL DEVELOPMENT CORPORATION.DOCX

D. Discuss And Consider Giving Staff Direction On Pursuing An Admiral Level Membership With The Chamber Of Commerce.

E. Discuss And Consider Giving Staff Direction On Funding For A Leadership Galveston Grant.

VIII. Discuss And Receive An Update From The Treasurer On Expenses, Available Funds, Forecasts, And Investments.

Documents:

IX. Discuss And Receive An Update On Current Or Completed IDC Projects.

Documents:

COPY OF FY20- SEP 2020 MEETING IDC SPREADSHEET AS OF 9.30.20.PDF

X. Schedule Future Meetings

XI. Request Agenda Items For Future Meetings

XII. Adjournment

I certify that the above Notice of Meeting was posted in a place convenient to the public in compliance with Chapter 551 of the Texas Government Code on October 23, 2020 at 1:15 P.M.

Janelle Williams, City Secretary

*City Council Members may be attending and participating in the discussions

AGENDA I. Declaration Of A Quorum

II. Roll Call

III. Conflict Of Interest Declaration

IV. Consider Approval Of The October 6, 2020 Minutes.

Documents:

_10062020-3591 (1).PDF

V. Public Comment On Agenda Items

VI. Public Hearings

Documents:

2020_1020 - BEACH REMEDIATION EQUIPMENT PACKAGE, SERVICES AND SUPPLIES UPDATED.PDF

VII. Administrative Matters

A. Consider For Action Engaging IHeartRadio For Small Business Targeted Marketing Services.

Documents:

IDC CONTRACT 2020 TARGETED MARKETING FOR SMALL BUSINESSES.DOCX IHEARTMEDIA NO 2 IDC 10-16.PDF

B. Consider For Action Engaging The Galveston County Daily News For Small Business Targeted Marketing Services.

C. Discuss And Consider For Approval An Agreement Between The Galveston Industrial Development Corporation And The Coastal Windstorm Insurance Coalition (CWIC) For Legislative Services.

Documents:

GALVESTON INDUSTRIAL DEVELOPMENT CORPORATION.DOCX

D. Discuss And Consider Giving Staff Direction On Pursuing An Admiral Level Membership With The Chamber Of Commerce.

E. Discuss And Consider Giving Staff Direction On Funding For A Leadership Galveston Grant.

VIII. Discuss And Receive An Update From The Treasurer On Expenses, Available Funds, Forecasts, And Investments.

Documents:

IX. Discuss And Receive An Update On Current Or Completed IDC Projects.

Documents:

COPY OF FY20- SEP 2020 MEETING IDC SPREADSHEET AS OF 9.30.20.PDF

X. Schedule Future Meetings

XI. Request Agenda Items For Future Meetings

XII. Adjournment

I certify that the above Notice of Meeting was posted in a place convenient to the public in compliance with Chapter 551 of the Texas Government Code on October 23, 2020 at 1:15 P.M.

Janelle Williams, City Secretary

*City Council Members may be attending and participating in the discussions

IN ACCORDANCE WITH THE PROVISIONS OF THE AMERICANS WITH DISABILITIES ACT (ADA), PERSONS IN NEED OF A SPECIAL ACCOMMODATION TO PARTICIPATE IN THIS PROCEEDING SHALL, WITHIN THREE (3) DAYS PRIOR TO ANY PROCEEDING, CONTACT THE CITY SECRETARY'S OFFICE, SUITE 201, 823 ROSENBERG, GALVESTON, TEXAS 77550 (409-797-3510). DRAFT INDUSTRIAL DEVELOPMENT CORPORATION OCTOBER 6, 2020

10/6/2020 - Minutes

I. Declaration Of A Quorum Board Member Brown declared a quorum and called the meeting to order at 9:00 a.m.

II. Roll Call

Board Members Present: Board Member Dr. Craig Brown, Chair (Mayor Pro Tem); Board Member John Listowski (City Council); Board Member Jason Hardcastle (City Council); Board Member Dr. Jackie Cole (City Council); and Board Member Bill Rider (Galveston Economic Development Development Partnership).

Board Members Absent: Board Member Spencer Priest (Park Board of Trustees) and Board Member Terrilyn Tarlton-Shannon (Galveston Chamber of Commerce).

III. Conflict Of Interest Declaration None.

IV. Consider Approval Of The September 15, 2020 Minutes. Board Member Rider made a motion to approve the September 15, 2020 minutes, with Board Member Hardcastle seconding the motion. Unanimously approved by those present.

V. Public Comment On Agenda Items None.

VI. Receive And Discuss An Update From The GEDP On Its Activities And Deliverables. GEDP President Jeff Sjostrom discussed with the board an update on GEDP activities and deliverables. The update included the 2020 Vision, Organizational Chart, Priority Projects, Action Plan, Emerging Technology, and the 2020 Activity Report. Mr. Sjostrom suggested that a number of topics discussed could be explored separately at future meetings.

VII. Discuss And Consider Giving Staff Direction On Pursuing An Admiral Level Membership With The Chamber Of Commerce. No action. DRAFT VIII. Discuss And Consider Giving Staff Direction On Funding For A Leadership Galveston Grant. No action.

IX. Discuss And Receive An Update On The Windstorm Invoice. Assistant City Manager Brandon Cook discussed with the board an update on the Windstorm invoice. The invoices are up-to-date through FY2020, and approval of a new agreement with the consultant is needed.

X. Discuss And Consider IDC Economic Support Programs For Galveston Businesses. Board Member Brown made a motion to call a special meeting on October 27, 2020 to discuss and consider IDC Economic Support Programs for Galveston Businesses, with Board Member Listowski seconding the motion. Unanimously approved by those present.

XI. Beach Remediation Project

1. Consider For Approval A Resolution Of The Board Of Directors Of The Industrial Development Corporation Of The City Of Galveston, Approving As A Project Of The Corporation The Purchase Of Beach Remediation Equipment, Debris Removal Services, Sand Fence Materials & Installation. 2. Consider for approval an Economic Development Grant Agreement between the City of Galveston, Texas and the Industrial Development Corporation of the City of Galveston, Texas for the purchase of beach remediation equipment, Debris Removal services, Sand Fencing material and installation.

Board Member Hardcastle made a motion to approve the Resolution and Economic Development Grant Agreement, with Board Member Listowski seconding the motion. Unanimously approved by those present.

XII. Consider For Approval A Proposal From APTIM Environmental & Infrastructure, LLC. For Additional Post- Storm Surveying Services Associated With The 2019-2022 Wading Depth And Depth Of Closure Surveys Project. Board Member Cole made a motion to approve the proposal from APTIM Environmental & Infrastructure, LLC, with Board Member Brown seconding the motion. Unanimously approved by those present.

XIII. Administrative Matters

A. Discuss And Receive An Update From The Treasurer On Expenses, Available Funds, Forecasts, And Investments. Assistant City Manager Brandon Cook reported no significant changes on expenses, available funds, forecasts, and investments.

B. Discuss And Receive An Update On Current Or Completed IDC Projects. Assistant City Manager Brandon Cook discussed with the board a brief update on the Sand Hill Crane Soccer Complex. Board Member Brown provided an update on the Pelican Island Bridge project.

XIV. Schedule Future Meetings A special meeting will be held on October 27, 2020.

XV. Request Agenda Items For Future Meetings Board Member Hardcastle requested future agenda items (1) update on Sand Hill Crane Soccer field enhancements and (2) follow up on supporting the economic development of these innovative businesses from a physical location standpoint. Board Member Brown suggested looking at the structure of the City's economic development, in conjunction with the IDC, GEDP, and RDA.

XVI. Adjournment The meeting was adjourned at 11:10 a.m. DRAFT INDUSTRIAL DEVELOPMENT CORPORATION OCTOBER 6, 2020

10/6/2020 - Minutes

I. Declaration Of A Quorum Board Member Brown declared a quorum and called the meeting to order at 9:00 a.m.

II. Roll Call

Board Members Absent: Board Member Spencer Priest (Park Board of Trustees) and Board Member Terrilyn Tarlton-Shannon (Galveston Chamber of Commerce).

III. Conflict Of Interest Declaration None.

V. Public Comment On Agenda Items None.

VII. Discuss And Consider Giving Staff Direction On Pursuing An Admiral Level Membership With The Chamber Of Commerce. No action.

VIII. Discuss And Consider Giving Staff Direction On Funding For A Leadership Galveston Grant. No action.

XI. Beach Remediation Project

Board Member Hardcastle made a motion to approve the Resolution and Economic Development Grant Agreement, with Board Member Listowski seconding the motion. Unanimously approved by those present.

XIII. Administrative Matters

XIV. Schedule Future Meetings A special meeting will be held on October 27, 2020.

XVI. Adjournment The meeting was DRAFTadjourned at 11:10 a.m.

DEPARTMENT OF PUBLIC WORKS Robert L. Winiecke, PE, Director of Public Works [email protected] | Office Number: (409) 797-3664 | www.galvestontx.gov

October 20, 2020

To: Honorable Mayor and City Council Members Industrial Development Corporation Board Members

From: Robert L. Winiecke, PE, Director of Public Works

Re: APPROVE THE CITY OF GALVESTON PUBLIC WORKS DEPARTMENT REQUEST FOR FUNDING OF THE BEACH REMEDIATION EQUIPMENT PACKAGE, SERVICES AND SUPPLIES.

1. Background:

A. Given our geographic position on the Gulf of Mexico, Galveston Island, the City of Galveston and surrounding communities are subject to threats hurricanes and other natural disasters. B. In August 2020, Hurricane Laura threated our region of the Gulf coast and for a time appeared to be headed directly toward our community. Fortunately, the storm turned to the northeast and made landfall in southwest Louisiana. We are grateful for being spared from any catastrophic damages and have those who were impacted directly in our thoughts and prayers. C. The City of Galveston did not get out of Hurricane Laura unscathed though. The City of Galveston did suffer damages along its west end of the island due to minor flooding and wave action from the storm surge associated with Hurricane Laura. Damages on the west end of the island were predominantly isolated to dune erosion, and sand deposition in beachside subdivisions (e.g. Bermuda Beach, Pirates Beach, Indian Beach and Terramar). D. Based on previous damages to west end beaches due to Hurricane Hanna in July 2020 staff began cleanup efforts following protocols established to prevent impurities (e.g. asphalt chunks, wood, trash, etc.) from being placed on the beaches. Due to our experience with Hurricane Hanna this material was deemed to be “non-beach quality sand” by the General Land Office (GLO) and was disposed of at the City’s 83rd Street stockpile. E. On August 27, 2020 staff began cleanup efforts from Hurricane Laura following the procedure established post-Hurricane Hanna. During the cleanup, staff noticed that the volume of sand washed up during Hurricane Laura was significantly more than experienced during Hurricane Hanna due to erosion of the dunes along west end beaches and staff sought an option with the GLO to restore the sand back to the beaches where it belongs. Staff and the GLO developed an approved methodology to place the

DEPARTMENT OF PUBLIC WORKS Robert L. Winiecke, PE, Director of Public Works [email protected] | Office Number: (409) 797-3664 | www.galvestontx.gov

sand back on the beaches and spread it out to allow for natural disbursement. This revised approach allowed staff to restore the displaced sand to the beaches where it belongs as well as complete the cleanup efforts and restore access more quickly to the beachside subdivisions. F. Public Works staff utilized its existing heavy machinery from the Drainage, Streets and Municipal Utilities Divisions to perform the cleanup efforts; however, the larger and more specialized equipment used to separate the sand from the debris was borrowed from the Municipal Utilities Department. This heavy machinery included front-end loaders, skid steer loaders, backhoes, grade-all’s, motor-graders, dump trucks and specialized attachments used for the sifting work. G. Then again in September 2020, another threat to our region in Tropical Storm Beta presented itself and made landfall to the southwest of Galveston in the Matagorda Bay area. This time we were presented with heavy surf, an elevated storm surge of 3-5 feet in a similar fashion to Hurricane Laura in August 2020, but this time also received a cumulative total of a little more than 4-inches of rainfall through the event. Unfortunately, the wave action from the storm surge caused significant damage to the coastal dunes and in a number of cases wiped them out in their entirety. More specifically, the protective dunes at Dellanera Park, and the beachside subdivisions of Bermuda Beach, Spanish Grant and Pirates Beach East took the brunt of the damage from this Tropical Storm. H. Public Works staff again utilized its existing heavy machinery from the Drainage and Streets Divisions to perform the cleanup efforts; however, this storm resulted in a different type of debris accumulation. While Hurricane Laura presented large volumes of sand a sea grasses, Tropical Storm Beta presented more construction debris, trash, and sand being washed onto the roadways. In a number of instances, the existing paved roadways themselves were damaged by the wave action that occurred. Even though the makeup of the debris washed up during the storm was different, we still found that the larger, more specialized equipment made the cleanup efforts more effective. This heavy machinery included front-end loaders, skid steer loaders, backhoes, grade-all’s, motor-graders, and dump trucks. In addition to the list of heavy machinery used, this storm event also resulted in the flooding of a couple beachside subdivisions (e.g. Sunny Beach and Karankawa Beach) due to rising tidal waters and rainfall. The induced flooding as a result of the storm required Public Works staff to utilize its existing 6- inch trailer mounted trash pump to remove rain and tidal flood waters from the Sunny Beach and Karankawa Beach subdivisions. Since we only have one trash pump we needed to prioritize its deployment based upon severity of flooding and limits of access to private property being cutoff. To further prevent restricting access to the Sunny

DEPARTMENT OF PUBLIC WORKS Robert L. Winiecke, PE, Director of Public Works [email protected] | Office Number: (409) 797-3664 | www.galvestontx.gov

Beach subdivision, staff worked with an adjacent property owner to gain approval to setup the 6-inch trash pump on the beach side to suck water from the pond directly to the Gulf. This procedure was settled upon in a manner to prevent a large loss of beach sand due to the breaching of the impoundment. I. In the Pirates Beach East subdivision, the City of Galveston owns a number of “buy- out” lots from Hurricane Ike that have experienced severe erosion of beach sands and protective dunes. J. The Public Works Department would greatly benefit from having additional heavy machinery available in its fleet to perform these types of cleanup efforts.

2. Current Situation:

A. The City of Galveston had to utilize its existing heavy machinery to conduct post- disaster cleanup efforts due to Hurricane Laura (August 2020) and Tropical Storm Beta (September 2020). Through our efforts we found that some of the smaller equipment we have in the Public Works Department (e.g. backhoes and grade-all’s) and used for the cleanup efforts is inefficient at making a large impact on material/debris/sand removal. We found that the borrowed machinery from the Municipal Utilities Division was more useful in making a noticeable impact more quickly. The list of equipment shown below was found to be the most effective at making a sizable impact on the sand removal efforts. In addition to some of the equipment being undersized for the task, the cleanup efforts put additional wear and tear on the existing equipment as well as exposed the heavy machinery directly to salt water and its damaging effects. Moreover, in the event the City suffers a direct hit from a storm of this caliber or higher, the aforementioned equipment borrowed from the Municipal Utilities Department will likely be unavailable since it will be deployed to conduct emergency repairs to damaged utility infrastructure. B. In an effort to protect the City’s property rights and to begin reestablishing the protective dunes on City owned “buy-out” lots, staff is seeking funding to install sand fencing around these City owned parcels to ensure that the property can continue to be used as a protective buffer for the subdivision as well as to begin reestablishing the lost dunes. The installation of this fencing will also serve as a protective barrier to keep pedestrians off of the “buy-out” lots where exposed hazards now exist (e.g. exposed wooden piers, concrete chunks, exposed wires, etc.) due to storm related erosion. C. Based on observations of the cleanup efforts, the Public Works Department is seeking to purchase additional equipment and materials to perform Beach Remediation activities including debris removal, sand restoration and access restriction/dune

DEPARTMENT OF PUBLIC WORKS Robert L. Winiecke, PE, Director of Public Works [email protected] | Office Number: (409) 797-3664 | www.galvestontx.gov

restoration. The following is a list of heavy machinery that would benefit the City and the Public Works Department:

BEACH REMEDIATION EQUIPMENT PACKAGE QUANTITY UNIT COST EXTENDED COST ITEM DESCRIPRION [#] [$] [$] FRONT END LOADER SOIL SIFTING 1 1 $ 65,000.00 $ 65,000.00 ATTACHMENT 2 6-INCH TRAILER MOUNTED TRASH PUMP 1 $ 90,000.00 $ 90,000.00 SAND FENCING MATERIALS, 3 1 $ 160,000.00 $ 160,000.00 INSTALLATION & DEBRIS REMOVAL EQUIPMENT SUBTOTAL: $ 315,000.00 CONTINGENCY (5%): $ 15,750.00 TOTAL: $ 330,750.00

This proposed equipment and materials purchase will serve three purposes. Primarily, it will allow the City of Galveston to meet GLO’s regulations and place beach quality sand back on the beach in lieu of hauling it to a fill site. Secondly, it will allow the City of Galveston to recover more quickly from natural disasters by providing its crews with equipment that is capable of moving larger volumes of material than existing equipment allows for. Lastly, it will allow the City of Galveston to protect its investment in the “buy-out” lots, while helping to provide protection to the Pirates Beach East subdivision. This means that the eroded sand can be placed back on the City’s beaches more quickly, therefore reestablishing its protective qualities as well as restoring access for our residents and tourists alike. The specialized equipment will increase the efficiency of our operations, which will result in shortening the timeframe of our cleanup efforts following a disaster.

3. Issues:

A. Cost: The General Fund does not have sufficient funds to purchase additional equipment and materials to conduct Beach Remediation activities. B. Impact: Beach Remediation efforts post-disaster will be expedited in accordance with GLO regulations.

DEPARTMENT OF PUBLIC WORKS Robert L. Winiecke, PE, Director of Public Works [email protected] | Office Number: (409) 797-3664 | www.galvestontx.gov

4. Recommendation:

A. Industrial Development Corporation to approve the use of Beach Remediation Funds to purchase equipment and sand fencing identified in Section 2 of this report for the City of Galveston Public Works Department.

5. Fiscal Impact Report:

Requested by: Robert L. Winiecke, PE, Director of Public Works

Funding Source: Beach Remediation Funds allocated by the Industrial Development Corporation.

Amount Requested: $330,750.00

Respectfully Submitted, Forwarded for Approval,

Robert L. Winiecke Brandon Cook, Assistant City Manager Director of Public Works of Development and Municipal Services

GALVESTON INDUSTRIAL DEVLOPMENT CORPORATION CONTRACT FOR PROFESSIONAL SERVICES

Small Business Targeted Marketing Program

This Agreement is made and entered into this ______day of _____, 2020, by and between the Galveston Industrial Development Corporation (“IDC”), a Texas Economic Development Corporation, and iHeartMedia Inc., (Company), located at 2000 W. Loop South, Ste. 300, Houston, Texas 77027. The IDC desires to obtain services in connection with the marketing of small business eligible under IDC primary job parameters. (Project). The IDC desires to engage iHeartMedia Inc. to render certain services in connection with the above stated project and iHeartMedia, Inc. (“Company”) desires to provide such services.

This Agreement between the Parties consist of the terms and conditions set forth herein, and Exhibit A, from Company, and in those documents, attached and incorporated for all purposes for the project known as the Small Business Targeted Marketing Program.

NOW, THEREFORE, for and in consideration the parties do mutually agree as follows:

1. SCOPE OF SERVICES: The scope of services (Work) shall be as set forth in Exhibit “A, identified as a Proposal from Company received October 19, 2020. Company will provide the services (“Work”) to t h e C i t y in connection with the Project, a s specifically described in Exhibit A, attached and fully incorporated for all i n t e n t s a n d purposes.

2. TIME OF PERFORMANCE/TERM: The services set forth in Exhibit “A” shall commence on the above referenced date of this Agreement. Due to the nature and extent of the project, the work is expected to be completed within (270) calendar days of issuance of a Notice to Proceed (NTP) unless sooner terminated and/or extended under the terms set forth herein. 3. STANDARD OF CARE: The standard of care for all services performed or furnished by Company under this agreement will be the care and skill ordinarily used by members of the subject profession practicing under similar circumstances at the same time and in the same locality. 4. COMPLIANCE WITH LOCAL, STATE AND FEDERAL LAWS: Company shall comply with all applicable laws, ordinances, and codes of the federal, state, and local governments. 5. CHANGES: The IDC may request changes in the scope of the services to be performed hereunder. Such changes, including any increase or decrease in the amount of compensation to Company, which are mutually agreed upon by and between the City and Company, shall be incorporated in written amendments to this Agreement. No changes in the terms of this Agreement shall be binding unless it is in writing and signed by an authorized representative of both parties. 6. APPROPRIATIONS: The obligations of the IDC to make payment under this Agreement 1 | P a g e are expressly subject to appropriations by the I D C of funds that are lawfully available to be applied to such purpose. 7. SCHEDULE AND DELIVERABLES: The IDC will cooperate with Company to facilitate the performance of the work described in the Agreement. Company will perform the Work in accordance with the schedules/timetables described in greater detail in t h e attached Exhibit A. 8. FORCE MAJEURE: No party to this agreement shall be deemed in violation if it is prevented from timely performing any of its obligations by reason of labor disputes, acts of God, acts of the public enemy, acts of superior governmental authority, or other circumstances for which the party is not responsible or which is not in its control. Company shall be respectively relieved of their obligations hereunder with respect to the performance(s) so prevented and the Agreement may be extended by a period of time equal to the period of interruption caused by the force majeure event.

9. COMPENSATION: The maximum amount of compensation and reimbursement to be paid hereunder shall not exceed)______. Company will furnish an invoice to t h e I D C detailing activities performed and reflecting actual time and expenses incurred during the preceding month. All invoices are due under Government Code Sec. 2251.021, and are payable to Company at 2000 W. Loop South, Ste. 300, Houston, Texas 77027. The IDC shall not be responsible for any payment to Company for any additional services or expenses not specifically included in Exhibit A, except upon execution of an amendment to this Agreement in writing by both parties. Parties shall attempt to resolve any payment disputes within sixty (60) days after the invoice date or the matter may be submitted to mediation. 10. INSURANCE REQUIREMENTS: Company shall provide all required City of Galveston certificates of coverage and all renewals throughout the duration of the Project. For each policy except Workers’ Compensation protection, Company shall name the City as an additional insured and shall provide that the policy require the insurance carrier to notify the City a minimum of thirty days (30) in advance of cancellation of all or part of the policy. All insurance policies are to be issued by an insurance company authorized to do business in the State of Texas and using an insurance company with an A.M. Best rating of B+ or better. All subcontractors utilized must also comply with these specifications as if they were the winning proposer. Specific details of coverage limits and conditions are listed below. Required Insurance:

a. Commercial general liability insurance, naming the City of Galveston as an additional insured and as certificate holder, and waiving subrogation per the contractual requirements of this project. Professional Liability Insurance. Limits are to be equal to or greater than: $2,000,000 general liability (includes products and personal, etc.) $1,000,000 fire damage $1,000,000 automobile damage $500,000 workers compensation employers’ liability Statutory limits for workers compensation Insurance coverage shall be on an “occurrence basis”

2 | P a g e Professional liability insurance policy which provides coverage in an amount not less than $1,000,000 per occurrence and $1,000,000 aggregate. Said insurance policy provides coverage to the City for any damages or losses suffered by the City as a result of any error or omission or neglect by the Company which arises out of the professional services required by this Agreement. 11. TERMINATION: This A g r e e m e n t may be terminated f o r c o n v e n i e n c e o f t h e I D C prior to completion of the Work by t h e I D C g i v i n g a t l e a s t t e n ( 1 0) days' written notice to the C o m p a n y . I f , t h r o u g h a n y c a u s e , C o m p a n y s h a l l f a i l t o f u l f i l l i n a t i m e l y a n d p r o p e r m a n n e r h i s / h e r o b l i g a t i o n s u n d e r t h i s A g r e e m e n t , t h e I D C s h a l l t h e r e u p o n h a v e t h e r i g h t t o t e r m i n a t e t h i s A g r e e m e n t b y g i v i n g w r i t t e n n o t i c e t o C o m p a n y o f s u c h t e r m i n a t i o n a n d s p e c i f y i n g t h e e f f e c t i v e d a t e t h e r e o f , a t l e a s t f i v e d a y s b e f o r e t h e e f f e c t i v e d a t e o f s u c h t e r m i n a t i o n . In the event of early termination, IDC shall pay Company for all work performed and expenses incurred to the date specified in the notice of termination. In such event, all finished or unfinished documents, data, studies, surveys, drawings, maps, models, photographs and reports prepared by C o m p a n y under this Agreement shall, at the option of the IDC, become property of the IDC and the C o m p a n y shall be entitled to receive just and equitable compensation for any work satisfactorily completed hereunder. Notwithstanding the above, Company shall not be relieved of liability to the IDC for damages sustained by the IDC by virtue of any breach of the Agreement by Company or its subordinates and the City may withhold any payments to Company for the purpose of set-off until such time as the exact amount of damages due the IDC from Company is determined. 12. INDEMNIFICATION: FOR CONSIDERATION RECEIVED, Company shall, to the extent allowable, indemnify, save and hold the IDC harmless, including officers, agents, employees and servants, from any claims, actions, lawsuits, proceedings, damages, loss, judgments, liabilities or expense on account of damage to property and injuries, including death, to the extent caused by any negligent act, or omission, intentional tort, intellectual property infringement, or failure to pay a subcontractor or supplier of Company or those acting under Company’s supervision or control. Company shall not be responsible, however, for any loss, damage, liability or expense on account of damage to property and injuries, including death, by which may arise from the negligence of the IDC. Company shall comply with the requirements of all current applicable laws, rules and regulations and shall indemnify and hold harmless the IDC and its agency members from and against the failure to comply with those laws, and shall assume full responsibility for payments of Federal, State and local taxes on contributions imposed or required under the Social Security, worker's compensation and income tax laws. 13. INDEPENDENT CONTRACTORS: The parties are independent contractors as to each other. Nothing in this A g r e e m e n t s hall be construed as creating any agency or employment relationship. Neither Party shall make any representations tending to create an apparent or implied agency or employment relationship; neither party has the authority to act for the other or to create obligations or debts binding on the other; and neither party shall be responsible for any obligations or expenses incurred by the other. It is the intent of the parties to this Agreement that the Company as an independent contractor will control the manner and means of its performance. The IDC will control the scheduling

3 | P a g e of the performance. The exclusive nature of this Agreement is limited to the duration of the performance and it is expected that the performer will enter into other similar agreements with other customers.

14. COPYRIGHT: The Company specifically warrants and represents that all copyrighted material to be performed has been licensed or authorized by the copyright owners or their representatives. The Company indemnifies the IDC for any copyright infringement and any expenses that may result from such copyright infringement during or as the result of the performance. 15. PERMITS: The Company warrants and represents that it has obtained any and all permits, approvals, and licenses and necessary for the performance. All permits associated with the project shall be the sole responsibility of Company. 16. ASSIGNMENT: Neither party hereto may assign its rights or delegate its obligations hereunder without the written consent of the other party. 17. COPYRIGHT: No report, maps, or other documents produced in whole or in part under this Agreement shall be the subject of an application for copyright by or on behalf of Company. 18. NO WAIVER: The failure of any party to enforce any provis ion of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce that or any other provision of this Agreement. 19. ENTIRE AGREEMENT: This Contract incorporates all provisions of the attached Exhibit A, Company’s responsive proposal and c onstitutes the s ole agreement of the parties hereto. No change in the terms of this Agreement shall be binding unless it is in writing and signed by an authorized representative of both parties. The Company, by signing this agreement, acknowledges the IDC is entering into this Agreement in its corporate capacity, and not a proprietary capacity. 20. SEVERABILITY CLAUSE: The phrases, clauses, sentences, paragraphs or sections of these conditions are severable. If any phrase, clause, sentence, paragraph, or section of these conditions should be declared invalid by the final decree or judgment of any court of competent jurisdiction, such invalidity shall not affect any of the remaining phrases, clauses, sentences, paragraphs and sections of these conditions. 21. ATTORNEY'S FEES: In the event there is a dispute concerning this Agreement e ach party shall be responsible for its own costs and expenses including attorneys' fees and court costs incurred in the course of any dispute, mediation, or legal proceeding. 22. APPLICABLE LAW, VENUE, and JURISDICTION: This Agreement shall be construed under and in accordance with the laws of the State of Texas, with jurisdiction in the courts of the State of Texas and venue in Galveston, County regardless of where the obligations of the parties were performed. By execution of this Agreement, the parties agree to subject themselves to the jurisdiction of the Courts of the State of Texas in all matters relating to or arising out of this Agreement or the Work. 23. NOTICES: All notices required or permitted under this Agreement shall be in writing and shall be deemed given when delivered in person or three days after deposit in the United States Mail, postage prepaid, addressed to the party's address reflected at the end of this Agreement. A party's notice address may be changed from time to time by that party's

4 | P a g e providing written notice to the other. A copy of the notice to the IDC shall be sent to:

IDC Attorney iHeartMedia Inc. City of Galveston Attn: ______823 Rosenberg, Suite 401 2000 W. Loop South, Ste. 300, P. O. Box 779 Houston, Texas 77027 Galveston, Texas 77553

IN WITNESS WHEREOF, the parties have executed this Agreement in duplicate on the day and year first above written.

Galveston Industrial Development Corporation iHeartMedia Inc.

BY: BY:______NAME: _ NAME:______TITLE: _ TITLE:______DATE: DATE:

ATTEST:

By: ______

APPROVED AS TO FORM:

IDC Attorney

BY EXECUTION OF THIS AGREEMENT, C O M P A N Y ACKNOWLEDGES RECEIPT OF A COPY OF THIS AGREEMENT.

THE STATE OF TEXAS § § ______COUNTY §

5 | P a g e On this day, BEFORE ME, the undersigned, personally appeared ______of iHeartMedia Inc., personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her capacity, and that by her signature on the instrument, the individual, or the person upon behalf of which the individual acted executed the instrument.

GIVEN UNDER MY HAND AND SEAL OF OFFICE this the ___ day of ______, 2020.

______Notary Public in and for The State of Texas

6 | P a g e GALVESTON ISLAND CITY OF GALVESTON IDC 2021 STATION SNAPSHOT NEWSRADIO 740 KTRH - HOUSTON

KTRH-AM | Format: News/Talk GENDER COMPOSITION AGE COMPOSITION ETHNIC COMPOSITION

P65+ 39% 31% 5% P55-64 59 12% Median Age P45-54 21% Black P35-44 4% Hispanic P25-34 2% Other P18-24 1%

P12-17 0% 37% 63% 83% P6-11 2% Female Male 0% 10% 20% 30% 40% 50%

MONTHLY REACH HOUSEHOLD INCOME PROFILE PERSONS IN HOUSEHOLD

50% 47% 50% 46% 788,300 BROADCAST 40% 40% 30% 30% 26% 21% 22% MOBILE STREAMING 20% 20% 15% 14% 90,500 10% 10% 10% 3,496,000 KTRH.COM 0% 0% <$25K $25-50K $50-75K $75K+ 1 2 3 4+

Source: Nielsen Audio/Act 1 4-Week Broadcast Reach, composition by AQH, Houston-Galveston Metro, Jun-Jul-Aug20; Omniture, internal data, JUN20, mobile figures do not 2 include streaming on desktop/other platforms 3 WEEKDAY PROGRAMMING 12M 12N 11A 10A 11P 10P 4A 3A 2A 1A 9A 8A 7A 6A 5A 9P 8P 7P 6P 5P 4P 3P 2P 1P Dana and Jay in in Dana and Jaythe Morning AmandaFlores Dana Tyson Rick LovettRick KODA KODA Delilah - - iHeartMedia Houston WeekdayLineup FM FM Carmen Contreras Carmen The BreakfastThe Club Ashlee YoungAshlee DJ Mr Mr Rogers DJ DJ SupastarDJ SupastarDJ KQBT Roxy - FM Rod Ryan Show Rod Ryan Jeremy Benson Jeremy Benson Jeremy A.D. Rowntree A.D. Karah Leigh KTBZ Theresa - FM MattShow Thomas Clay Travis Show Clay Travis Show Clay Fox SportsFox Radio In In the Trenches Sean Salisbury The Nightcap The The A The KBME - Team - AM The Buck SextonBuck Show The Waltonand Johnson The Jesse Kelly Show Kelly Jesse The Pursuit Happiness of Pursuit Glenn Beck Show Beck Glenn Jimmy Barrett Jimmy Outlaw Dave KPRC KPRC KPRC KPRC - - - - AM AM AM AM Houston's Morning with News Shara Fryer & Jimmy Barrett & Jimmy Shara Fryer This Morning This CoastAM to Coast with The Michael Michael The Show Berry Michael The Show Berry Rush LimbaughRush Show Our American Stories AmericanOur Sean Hannity Sean Hannity Show Mark Levin Mark Levin Show George Noory KTRH - Gordon Deal - AM Each Month, KTRH NewsRadio 740 AM will highlight a local Galveston Business in something topical for the Facebook News feed story. Targeting business, business owners, decision makers, C-Suite accounts. With a link to that business, or a “Interested in moving your Business to Galveston click here” SOCIAL MEDIA and it can link to your Facebook page.

CAMPAIGN ➢ Social Media will deliver 50,000 impressions to the targeted social profiles each month. + ➢ Streaming Audio will deliver 100,000 impressions on the News Talk format of iHeartRadio across STREAMING AUDIO TO mobile devices, desktop, integrated car dashboards, Google home and Alexa each month. NEWS-TALK FORMAT ➢ Location Targeted Banner ads will deliver 100,000 impressions of targeted banner ads to people + who enter specific buildings in neighboring communities or downtown Houston each month. LOCATION TARGETING PROXIMITY Location Based TARGETING: Reach Consumers Geo-Fencing Where They Are Now

How It Works Location-Based Ads When consumers are within the designated location radius, they are served an ad on their mobile device. BEHAVIORAL AUDIENCES: Reach Users Based on Critical Context is Provided Due to the nature of location-based ad services, Where They’ve Been and Who They Are they provide highly-relevant info to the consumer, i.e. the distance to business location & opportunities for more information.

Call-to-Action is Activated When clicking the ad for more information, users are directed to a customized landing page or your Target real website. people, at the right time, in places that matter most

iHeartMedia Digital Extended Network MICHAEL BERRY / NEWSRADIO 740 KTRH/ 740 AM / HOUSTON

BIO/FEATURES

The Michael Berry Show airs Monday – Friday 8a - 11a and 5p – 7p on KTRH. Michael has been named the Best Talk Show Host in Houston for three straight years, the Best Talk Host in Texas as well as one of the nation's top 10 hosts. He has appeared on or been the guest host of The Mark Levin Show, the Glenn Beck radio program as well as his former Fox television show, the Sean Hannity radio as well as TV show, the Bill O’Reilly Show, as well as numerous radio shows around the country.

TONE/STYLE FAN ARMY

Michael was the student body president With a loyal social media following of the University of Houston, where he across multiple platforms, Michael graduated Magna Cum Laude. He connects with listeners during and long earned a Juris Doctorate from the after the show is over. University of Texas School of Law and a Master of Laws and Letters from the Facebook: 301K+ University of Nottingham in England. He has been married to Nandita Berry, a Twitter: 64K+ corporate lawyer from southern India, Instagram: 15K+ for more than 20 years.

6 Michael Berry Endorsements + Digital campaign 5x per week- 3 weeks a month December-August

Platform Spots Net Reach Gross Impressions A35-64 A35-64 Michael Berry Endorsements rotating 5 (:30) per week 304,700 2,362,500 RADIO CAMPAIGN M-F 8a-11a or 5p-7p Bonus M-Su 6a-mid 5 (:30) per week 300,100 1,350,000 FOR GREATER Streaming Radio Testimonials :30s 100,000 p/mo 900,000 HOUSTON AREA Targeted banner ads to business buildings 100,000 p/mo 900,000 ______in other communities Social Media campaign highlighting local 50,000 p/mo 450,000 business on KTRH 740 AM facebook page BUSINESS FOCUS and boosted Bonus In-App Banner Ads 900,000

9 month campaign 270 340,800 6,862,500 Dec-August- 3 weeks radio per month

KTRH News Radio 740 AM Influencer Audio, Digital & Social Campaign: $91,375 $10,153 a month SHARA FRYER / NEWSRADIO 740 KTRH/ 740 AM / HOUSTON

BIO/FEATURES

Shara co-hosts Houston’s Morning News, Monday – Friday 5a – 8a. She was the TV News Anchor on ABC affiliate in Houston for 26 years. Covered all of the major news stories that affected Houston and the World. The most trusted news anchor in Houston.

TONE/STYLE FAN ARMY

Shara’s love for all things Texas includes With a loyal social media following, rodeo action, food, and fun…here and Shara connects with listeners on Twitter around the world. She loves to travel, during and long after the show is over. quilt, shop and shoot. Facebook: 851 Twitter: 321 Instagram: N/A

8 Shara Fryer Endorsements + Digital campaign 5x per week- 3 weeks a month December-August

Platform Spots Net Reach Gross Impressions A35-64 A35-64 Shara Fryer Endorsements 5 (:30) per week 132,800 1,012,500 RADIO CAMPAIGN M-F 5a-8a FOR GREATER Bonus M-Su 6a-mid 5 (:30) per week 300,100 1,350,000 HOUSTON AREA Streaming Radio Testimonials :30s 100,000 p/mo 900,000 ______Targeted banner ads to business buildings 100,000 p/mo 900,000 in other communities Social Media campaign highlighting local 50,000 p/mo 450,000 BUSINESS FOCUS business on KTRH 740 AM facebook page and boosted Bonus In-App Banner Ads 900,000

9 month campaign 270 333,200 5,512,500 Dec-August- 3 weeks radio per month KTRH News Radio 740 AM Influencer Audio, Digital & Social Campaign: $84,625 $9,403 per month GALVESTON INDUSTRIAL DEVELOPMENT CORPORATION COASTAL WINDSTORM INSURANCE COALITION LEGISLATIVE AGREEMENT

THIS AGREEMENT is entered into this ___ day of ______, 2020, by and between the

Industrial Development Corporation of the City of Galveston, Texas, hereinafter called the

“IDC,” and Coastal Windstorm Insurance Coalition hereinafter called “CWIC.”

NOW THEREFORE, the parties do mutually agree as follows:

1. Scope of Services

CWIC has been engaged to provide strategic public law and policy consulting before the Texas Legislature, agencies and departments of the state of Texas regarding long term funding mechanisms that would moderate the risks and provide incentives for the insurance industry to sell more windstorm insurance. The CWIC will use whatever options may be, I the CWIC’s judgment, most effective in pursuing IDC’s objectives. CWIC will receive direction on IDC’s key legislative and regulatory issues and the priority of said legislative and regulatory issues from the Board Chair of the IDC. The IDC’s Legislative agenda is attached as Exhibit “A.”

2. IDC’s Role.

The Parties agree that the active participation of the IDC is critical to successfully handling governmental matters. IDC agrees to provide appropriate officers, employees and staff to timely provide all necessary information to CWIC, to furnish appropriate documents or witnesses, to attend meetings (or be available by phone), if necessary and to participate in a manner necessary to handle IDC’s issues in an effective and professional manner.

3. Fees and Expenses.

IDC shall pay CWIC a fee of $15,000.00, payable in January 2021. In order to allow payment by the IDC, CWIC shall submit an invoice immediately following execution of this agreement. The fee shall be due and payable within thirty (30) days of receipt of the invoice submitted by CWIC.

4. Duration/Termination.

This Agreement becomes effective when signed by all Parties. This Agreement terminates on December 31, 2021. This agreement may be terminated by either party with 30 days written notice to the other party.

5. Independent Organization.

1 CWIC is an independent organization only and not an employee. IDC is not responsible and will not withhold any amounts for payment of taxes or any form of employee benefits. CWIC is solely responsible to pay any applicable taxes.

6. Reports.

CWIC will consult with and give regular reports to the Board Chair of the IDC. Such reports shall be by way of personal conferences are impractical or would not be timely enough, by email or other means of communications. CWIC shall submit a mid-legislative session written status report to the IDC Board of Director no later than March 31, 2021, and a second wrap-up legislative report no later than July 31, 2021.

7. Confidentiality.

IDC has a variety of sensitive information, including information that might be valuable to competitors. CWIC must maintain complete confidentiality over all of IDC’s sensitive information. This obligation of confidentiality extends throughout the term of the Agreement, and extends beyond the termination of the Agreement.

8. Appropriations.

The obligations of the City to make payment under this Agreement are expressly subject to appropriations by the City of funds that are lawfully available to be applied to such purpose.

9. Venue and Governing Law.

Venue of any action arising out of this Agreement shall be exclusively in Galveston County, Texas. This Agreement shall be governed and construed in accordance with the laws and court decisions of the State of Texas, without regard to its conflicts of law principles.

10.General Terms.

This document constitutes the entire Agreement of the parties, and replaces and supersedes all other Agreements or understandings, whether written or oral. The parties agree that this Agreement is made in and is performable by CWIC in Texas. This Agreement shall be governed by the laws of the State of Texas. 11.Disclaimer.

IDC acknowledges that the results of consulting services are uncertain, and that no predictions can be made about the time frame for accomplishing specific goals or whether the goals can be achieved at all. Further, government officials make decisions based on a wide range of considerations and through various methods, and it is not possible to know in advance how the governmental procedures will

2 play out. IDC acknowledges that CWIC has not made any promises, representations, guarantees or warranties about the outcome of the services provided under this Agreement.

12.Modification.

No change in the terms of this Contract shall be binding unless it is in writing and signed by an authorized representative of both parties.

13.Captions.

The captions to the various clauses of this Agreement are for informational and reference purposes only, and shall not alter the substance of the terms and conditions of this Agreement.

14.Entire Agreement.

This Agreement embodies the complete agreement of the parties hereto, superseding all oral or written previous and contemporary Agreements between the parties relating to matters contained in this Agreement and, except as otherwise provided in tis Agreement, cannot be modified without written agreement of the parties to be attached to and made a part of this Agreement.

15.Force Majeure.

No party to this agreement shall be deemed in violation if it is prevented from timely performing any of its obligations by reason of labor disputes, acts of God, acts of the public enemy, acts of superior governmental authority, or other circumstances for which the party is not responsible or which is not in its control.

16.Notices.

All notices required or permitted under this Contract shall be in writing and shall be deemed given when delivered in person or three days after deposit in the United States Mail, postage prepaid, addressed to the party’s address reflected at the end of this Contract. A party’s notice address may be changed from time to time by that party’s providing written notice to the other. A copy of the notice to the City shall be sent to:

City Attorney City of Galveston 823 Rosenberg, Room 203 P.O. Box 779 Galveston, Texas 77553

IN WITNESS WHEREOF, the parties have executed this Agreement in duplicate on the day and year first above written.

3 CITY OF GALVESTON CWIC

BY:______BY:______NAME:______NAME:______TITLE:______TITLE:______DATE:______DATE:______

As Approved to Form

______Legal Counsel

BY EXECUTION OF THIS AGREEMENT, CWIC ACKNOWLEDGES RECEIPT OF A COPY OF THIS CONTRACT.

4 EXHIBIT A

INDUSTRIAL DEVELOPMENT

CORPORATION OF THE CITY OF

GALVESTON, TEXAS (IDC)

The IDC adopts this legislative agenda which is intended to create support for legislative proposals beneficial to the IDC and oppose legislation harmful to the IDC:

1. Oppose any windstorm legislation or regulations that would adversely affect the people and businesses of Galveston, Texas.

2. Promote any windstorm legislation that would benefit, either financially or otherwise, the people and businesses of Galveston, Texas.

5 VERIFICATION REQUIRED BY TEX. GOV ’T CODE CHAPT. 2270

By signing below, the signatory hereby verifies that the firm it represents: 1. Does not boycott Israel; and, 2. Will not boycott Israel during the term of the contract.

SIGNED BY: ______

Print Name & Title: ______

Firm Name: ______

Date Signed: ______

NOTARIZATION

THE STATE OF TEXAS ) ) COUNTY OF GALVESTON )

BEFORE ME, the undersigned notary public on this day personally appeared ______, on behalf of ______(Company), who, being duly sworn, stated under oath that he/she has read the foregoing verification required by Texas Government Code Section 2270.002 and said statements contained therein are true and correct.

SWORN TO AND SUBSCRIBED before me on the ____ day of ______, 2020.

______NOTARY PUBLIC IN AND FOR THE STATE OF TEXAS

The following definitions apply to Texas Government Code Section 2270.001:

(1) “Boycott Israel” means refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations specifically with Israel, or with a person or entity doing business in Israel or in Israeli-controlled territory, but does not include an action made for ordinary business purposes; and

(2) “Company” means a for-profit sole proprietorship, organization, association, corporation, partnership, joint venture, limited partnership, limited liability partnership, or limited liability company, including a wholly owned subsidiary, majority-owned subsidiary, parent company, or affiliate of those entities or business associations that exists to make a profit.

State law requires any firm entering into an agreement or contract with the Authority to complete the foregoing verification. Tex. Gov ’t Code § 2270.002.

6 CITY OF GALVESTON PROPOSED IDC BEACH SILO 5 YR FORECAST 10/6/2020

FY 2020 FY 2021 FY 2022 FY 2023 FY 2024

1 Est. AVAILABLE TO APPROP as of 9/30 3,761,779 4,499,763 1,289,407 2,123,388 388,476 2 PROJECTED REVENUE (7) 1,175,000 1,219,650 1,265,997 1,314,105 1,364,041 3 PROJECTED INTEREST EARNED 16,000 16,000 16,000 16,000 16,000 4 TOTAL PROJECTED REVENUE for F.Y. 4,952,779 5,735,413 2,571,404 3,453,492 1,768,517 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 5 Operating Expenses 453,016 448,016 448,016 448,016 448,016 6 Stewart Beach Seaweed- Babe's Beach Vegetation Mit. (1) 190,000 7 Design for End of Seawall/Dellanera Offshore Breakwater (2) 222,000 8 Babe's Beach USACE BUDM Renourishment (3) 2,500,000 2,500,000 9 Seawall Urban Park 12th to 61st Renourishment (4) 500,000 10 Design for 8 Mile Road Project (5) 240,000 11 Construction for Dellanera Offshore Breakwater (6) 117,000 12 Babe's Beach FEMA Harvey Repair (8) 75,000 13 Stewart Beach On-Beach Parking Regrading Project (9) 440,240 Beach Remediation Project 330,750 14 TOTAL PROJECTED COST 453,016 4,446,006 448,016 3,065,016 948,016

16 TOTAL AVAILABLE 4,499,763 1,289,407 2,123,388 388,476 820,501

Footnotes: (1) Moving vegetation to Babe's Beach and redistributing seaweed stockpiles; GLO requirement (2) Engineering Design to 65% year one; completion in year 2 (3) All three Projects total $24 Million and assume $18 Million of CEPRA and/or RESTORE Act Funding (4) Placeholder for future project (5) IDC funds will be used with GLO funds; GLO will run contract through CEPRA program (6) If go the HMP route this would be the IDC contribution used with the GLO through the CEPRA Program (7) Projected Sales Tax Revenue increase is 3.8% per year, in accordance with the City's "Long Range Financial Forecast - FY 2020-24." (8) IDC funds will be used with GLO funds; GLO will run contract through CEPRA program (9) Partial component of a larger scope of work; remaining funds coming from Park Board and other potential sources CITY OF GALVESTON IDC PARKS SILO 5 YR FORECAST 5/15/2020

1 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024

3 EST. AVAILABLE TO APPROP as of 9/30 1,360,083 822,776 1,074,549 71,669 716,896 4 PROJECTED REVENUE (1) 1,175,000 1,219,650 1,265,997 1,314,105 1,364,041 5 PROJECTED INTEREST EARNED 8,000 8,000 8,000 8,000 8,000 6 TOTAL PROJECTED REVENUE 2,543,083 2,050,426 2,348,546 1,393,773 2,088,937

7 Prior Projects Approved 1,106,556 - - -

8 Operating Budget 576,877 676,877 676,877 676,877 676,877

9 Current Encumberances 11,874

11 JONES PARK (2) 25,000

12 PHASE 1 - SAND HILL CRANE 299,000 1,600,000 1,400,000

13 PHASE 2 - SAND HILL CRANE

14 TOTAL PROJECTED COST 1,720,307 975,877 2,276,877 676,877 2,076,877

15 TOTAL AVAILABLE 822,776 1,074,549 71,669 716,896 12,060 (1) Projected Sales Tax Revenue increase is in accordance with the City's "Long Range Financial Forecast - FY 2019-23." (2) This will be used as a match for public-private grant program in the total amount of $75,000, if additional funds are raised. Account Organization Program Activity Date Type Document Description Commit Fund Activity FY Transaction Date Field Amount Increase(+)or Decrease(-) 564005 918500 445000 17-Feb-15JE15 CONV2014 25-Mar-14 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2014 30-Sep-14YTD 4,628.98 + 564005 918500 445000 22-Apr-15JE15 CONV2015 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2015 31-Mar-15YTD 1,260.00 + 564005 918500 445000 12-Apr-16INEI I1606425 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2016 12-Apr-16YTD 19.24 + 564005 918500 445000 12-Apr-16INEI I1606425 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2016 12-Apr-16YTD 74.52 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 89,092.59 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 460,616.99 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 83,898.02 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 95,088.77 + 564005 918500 445000 20-Jun-16INEI I1608084 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 20-Jun-16YTD 9,410.27 + 564005 918500 445000 25-Jul-16JE15 J1609151 TO RECLASS I1606425 FM 3194 TO 3192 U 3192 IDCWPK 2016 30-Jun-16YTD 101.22 + 564005 918500 445000 25-Jul-16INEI I1608765 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 25-Jul-16YTD 321,515.57 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 118,060.65 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 264,405.24 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 1,711.67 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 2,806.46 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 24,664.82 + 564005 918500 445000 9-Jan-17INEI I1702042 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2017 9-Jan-17YTD 20,384.07 + 564005 918500 445000 9-Jan-17INEI I1702042 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2017 9-Jan-17YTD 2,344.88 +

1,500,083.96

564005 918500 445000 14-Dec-16JE15 J1703024 rcls pmts for IDCWPK to WASHPK U 3192 IDCWPK 14-Dec-16YTD (970,000.00) -

REMAINING COST IN IDCWPK 530,083.96 IDCWPK COST

564005 COMMITMENT 1830 WASHPK 306,076.61 IS THIS AVAILABLE?

224,007.35 IDCWPK COST? CITY OF GALVESTON IDC INFRASTRUCUTRE SILO 5 YR FORECAST 5/15/2020

FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 1 Forecast Forecast Forecast Forecast Forecast

3 AVAILABLE TO APPROP as of 9/30 4,054,524 4,095,301 4,381,724 170,352 572,531

4 PROJECTED REVENUE (1) 1,175,000 1,217,300 1,261,123 1,306,523 1,353,558

5 Concrete Crew - Customer Payments 40,000 40,000 40,000 40,000 40,000

6 PROJECTED INTEREST EARNED 11,654 10,000 10,000 10,000 10,000

7 TOTAL PROJECTED REVENUE 5,281,178 5,362,601 5,692,847 1,526,876 1,976,089

8 Operating Expenses 585,877 580,877 592,495 604,344 616,431

9 27TH STREET (Phase 2- Seawall to Ave. O) 27th Street (Phase 3 - Broadway to Market ) 500,000

10 Downtown Streetscape Improvements 2,830,000 250,000 1,200,000

11 Drainage System Improvements 300,000 2,000,000 Pelican Island Bridge 100,000 100,000 100,000 100,000 100,000

12 TOTAL PROJECTED COST 1,185,877 980,877 5,522,495 954,344 1,916,431

13 TOTAL AVAILABLE 4,095,301 4,381,724 170,352 572,531 59,658 (1) Based on City's Long Range Forecast (2020-24) Account Organization Program Activity Date Type Document Description Commit Fund Activity FY Transaction Date Field Amount Increase(+)or Decrease(-) 564005 918500 445000 17-Feb-15JE15 CONV2014 25-Mar-14 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2014 30-Sep-14YTD 4,628.98 + 564005 918500 445000 22-Apr-15JE15 CONV2015 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2015 31-Mar-15YTD 1,260.00 + 564005 918500 445000 12-Apr-16INEI I1606425 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2016 12-Apr-16YTD 19.24 + 564005 918500 445000 12-Apr-16INEI I1606425 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2016 12-Apr-16YTD 74.52 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 89,092.59 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 460,616.99 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 83,898.02 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 95,088.77 + 564005 918500 445000 20-Jun-16INEI I1608084 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 20-Jun-16YTD 9,410.27 + 564005 918500 445000 25-Jul-16JE15 J1609151 TO RECLASS I1606425 FM 3194 TO 3192 U 3192 IDCWPK 2016 30-Jun-16YTD 101.22 + 564005 918500 445000 25-Jul-16INEI I1608765 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 25-Jul-16YTD 321,515.57 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 118,060.65 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 264,405.24 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 1,711.67 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 2,806.46 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 24,664.82 + 564005 918500 445000 9-Jan-17INEI I1702042 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2017 9-Jan-17YTD 20,384.07 + 564005 918500 445000 9-Jan-17INEI I1702042 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2017 9-Jan-17YTD 2,344.88 +

1,500,083.96

564005 918500 445000 14-Dec-16JE15 J1703024 rcls pmts for IDCWPK to WASHPK U 3192 IDCWPK 14-Dec-16YTD (970,000.00) -

REMAINING COST IN IDCWPK 530,083.96 IDCWPK COST

564005 COMMITMENT 1830 WASHPK 306,076.61 IS THIS AVAILABLE?

224,007.35 IDCWPK COST? CITY OF GALVESTON IDC ECONOMIC DEVELOPMENT SILO 5 YR FORECAST 5/15/2020

1 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 2 Resources: AVAILABLE TO APPROP as of 9/30 2,704,821 1,400,661 1,015,607 676,900 386,300

3 PROJECTED REVENUE (1) 1,175,000 1,219,650 1,265,997 1,314,105 1,364,041

4 PROJECTED INTEREST EARNED 7,450 7,500 7,500 7,500 7,500

5 PROJECTED EXPENSE REIMBURSEMENT - - - - -

6 TOTAL PROJECTED REVENUE 3,887,271 2,627,811 2,289,104 1,998,504 1,757,841

7 Projected Expenditures:

8 ED Silo operating costs (2) 352,204 362,204 362,204 362,204 362,204

9 Project budgets approved, but not encumbered 327,701

10 Current project encumberances 556,705

11 Business Incentive Grants (BIG) program (3) 100,000 100,000 100,000 100,000 100,000

12 Pelican Island Bridge 900,000 900,000 900,000 900,000 900,000

13 Infill Redevelopment Program ("Landbank") (4) 250,000 250,000 250,000 250,000 250,000

14 TOTAL PROJECTED COST 2,486,610 1,612,204 1,612,204 1,612,204 1,612,204

15 TOTAL AVAILABLE 1,400,661 1,015,607 676,900 386,300 145,637

(1) Projected Sales Tax is in accordance with the City's "Long Range Financial Forecast - FY 2020-24."

(2) As approved in the FY20 operating budget (3) Must be tied to Primary Job creation, retention or meet another statutory requirement (4) Authorized up to $250,000 annually. May be adjusted downward (5) These projects are related to Cruise Terminal improvements and a Port Master Plan. Account Organization Program Activity Date Type Document Description Commit Fund Activity FY Transaction Date Field Amount Increase(+)or Decrease(-) 564005 918500 445000 17-Feb-15JE15 CONV2014 25-Mar-14 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2014 30-Sep-14YTD 4,628.98 + 564005 918500 445000 22-Apr-15JE15 CONV2015 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2015 31-Mar-15YTD 1,260.00 + 564005 918500 445000 12-Apr-16INEI I1606425 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2016 12-Apr-16YTD 19.24 + 564005 918500 445000 12-Apr-16INEI I1606425 AECOM TECHNICAL SERVICES U 3192 IDCWPK 2016 12-Apr-16YTD 74.52 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 89,092.59 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 460,616.99 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 83,898.02 + 564005 918500 445000 15-Jun-16INEI I1607969 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 15-Jun-16YTD 95,088.77 + 564005 918500 445000 20-Jun-16INEI I1608084 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 20-Jun-16YTD 9,410.27 + 564005 918500 445000 25-Jul-16JE15 J1609151 TO RECLASS I1606425 FM 3194 TO 3192 U 3192 IDCWPK 2016 30-Jun-16YTD 101.22 + 564005 918500 445000 25-Jul-16INEI I1608765 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 25-Jul-16YTD 321,515.57 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 118,060.65 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 264,405.24 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 1,711.67 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 2,806.46 + 564005 918500 445000 29-Aug-16INEI I1609734 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2016 29-Aug-16YTD 24,664.82 + 564005 918500 445000 9-Jan-17INEI I1702042 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2017 9-Jan-17YTD 20,384.07 + 564005 918500 445000 9-Jan-17INEI I1702042 GALVESTON COUNTY AUDITOR'S OFFICE U 3192 IDCWPK 2017 9-Jan-17YTD 2,344.88 +

1,500,083.96

564005 918500 445000 14-Dec-16JE15 J1703024 rcls pmts for IDCWPK to WASHPK U 3192 IDCWPK 14-Dec-16YTD (970,000.00) -

REMAINING COST IN IDCWPK 530,083.96 IDCWPK COST

564005 COMMITMENT 1830 WASHPK 306,076.61 IS THIS AVAILABLE?

224,007.35 IDCWPK COST? Final IDC Budget FY 2019 3190 3192 3193 3191 918400 918100 918500 918600

Total FY 18 Total FY 19 Beach ED Parks Infra. Operating Costs: Support Staff 50,000 50,000 12,500 12,500 12,500 12,500 Management 100,000 100,000 25,000 25,000 25,000 25,000 Legal 50,000 50,000 12,500 12,500 12,500 12,500 Coastal Resource Manager/Floodplain Admin. 75,672 75,672 75,672 GIS Analyst/Specialist 73,327 73,327 18,331.75 18,331.75 18,331.75 18,331.75 Economic Dev. Coordinator 42,500 80,000 80,000 Asst. Coastal Resource Manager 42,500 65,000 65,000 Lasker Pool 250,000 400,000 400,000 Little League Park 150,000 150,000 150,000 Concrete Work Crew (Phases I & II) 369000 369,000 369,000 Parks Work Crew (Phase III) 110,000 110,000 110,000 Total Operating Costs: 1,312,999 1,522,999 209,004 148,332 728,332 437,332 1,522,999

Contractural Services: Consultant Services (531004) Legislative and Technical Services* 85,000 100,000 25,000 25,000 25,000 25,000 Beach Access Plan Consultant* 133,500 50,000 50,000 Windstorm Consultant * 15,000 15,000 15,000 Other Contracts (531125) Beach Profiles/Survey Contract * 264,500 165,000 165,000 Post-Storm Survey * 163,305 165,000 165,000 GEDP * 75,000 50,000 50,000 Attorney's Fees (531006) 20,000 20,000 5,000 5,000 5,000 5,000 Total Contractual Services: 756,305 565,000 410,000 95,000 30,000 30,000 565,000

Promotional Expenses: (Capped at 10% of Total 4B Revenue approx. $500,000) Marketing (530014) GEDP Developer Conference * 10,000 10,000 10,000 Target Marketing Initiatives * 75,000 75,000 Advertising (Legal Notices) 2,000 2,000 500 500 500 500 Total Promotional Expenses: 12,000 87,000 500 85,500 500 500 87,000

Misc. Expenses: Meeting Expenditures (544032) 1,000 1,000 250 250 250 250 Economic Dev. Operating Expenses (1) 25,000 25,000 Total Misc. Expenses: 1,000 26,000 250 25,250 250 250 26000 Total Fiscal Year IDC Budget 2,082,304 2,200,999 619,754 354,082 759,082 468,082 2,200,999

(1) Economic Dev. Operating Expenses to include: Expenses for conferences, prospect development meetings, and memberships.

* Requires Board approval before expenditure Proposed IDC Budget FY 2021 3190 3191 3192 3193 918100 918400 918500 918600

Total FY 20 Total FY 21 Beach ED Parks Infra. Operating Costs: Support Staff 50,000 50,000 12,500 12,500 12,500 12,500 Management 100,000 100,000 25,000 25,000 25,000 25,000 Legal 50,000 50,000 12,500 12,500 12,500 12,500 Coastal Resource Manager/Floodplain Admin. 75,672 75,672 75,672 Asst. Coastal Resource Manager 59,399 59,399 59,399 GIS Analyst/Specialist 73,328 73,328 18,332 18,332 18,332 18,332 Economic Dev. Coordinator 75,327 75,327 75,327 In-House Legislative Liason 88,680 88,680 22,170 22,170 22,170 22,170 Lasker Pool 400,000 400,000 400,000 Concrete Work Crew (Phases I & II) 369,000 369,000 369,000 Parks Work Crew (Phase III) 260,000 260,000 160,000 100,000 Total Operating Costs: 1,601,406 1,601,406 225,573 165,829 650,502 559,502 1,601,406

Contractural Services: Consultant Services (531004) Legislative and Technical Services* 20,000 0 Beach Access Plan Consultant* 50,000 50,000 50,000 Windstorm Consultant * 15,000 15,000 15,000 Other Contracts (531125) Beach Profiles/Survey Contract * 103,149 103,149 103,149 Park Board Reimbursement for Surveys -55,230 -55,230 -55,230 Post-Storm Survey * 103,149 103,149 103,149 GEDP * 50,000 50,000 50,000 Attorney's Fees (531006) 20,000 20,000 5,000 5,000 5,000 5,000 Total Contractual Services: 306,068 286,068 206,068 70,000 5,000 5,000 286,068

Promotional Expenses: (Capped at 10% of Total 4B Revenue approx. $500,000) Marketing (530014) GEDP Developer Conference * 10,000 10,000 10,000 Target Marketing Initiatives * 75,000 75,000 75,000 Advertising (Legal Notices) 2,000 2,000 500 500 500 500 Total Promotional Expenses: 87,000 87,000 500 85,500 500 500 87,000

Misc. Expenses: Meeting Expenditures (544032) 1,000 1,000 250 250 250 250 Economic Dev. Operating Expenses (1) 25,000 25,000 0 25,000 0 0 Election Expenses 60,000 60,000 15,000 15,000 15,000 15,000 Investment Expenses 2,000 2,000 500 500 500 500 Banking Service Fees 500 500 125 125 125 125 Total Misc. Expenses: 88,500 88,500 15,875 40,875 15,875 15,875 Total Fiscal Year IDC Budget 2,082,974 2,062,974 448,016 362,204 671,877 580,877 2,062,974

(1) Economic Dev. Operating Expenses to include: Expenses for conferences, prospect development meetings, and memberships.

* Requires Board approval before expenditure Galveston Industrial Development Corp. FY 2020 -- September 2020 Board Meeting as of September 30, 2020

Encumbrances as Project Budget Approved Amount Expended IDC Council Project YTD FY18 YTD FY19 YTD FY20 of September 30, / Not Under Status Amount Inception To Date Approval Approval 2020 Contract (yet)

Beaches Dellanera 150,000 - - - - - 150,000 12/6/2016 2/26/2017 Developing FEMA Mitigation project Dellanera Breakwater 220,000 - 220,000 7/7/2020 7/23/2020 Council approved 8 Mile Road 240,000 - 240,000 7/7/2020 7/23/2020 Council approved Stewart Beach Parking Elevation 440,240 - 440,240 7/7/2020 7/23/2020 Council approved Stewart / Babe's Beach Remediation 190,000 - 190,000 7/7/2020 7/23/2020 Council approved Babe's Beach Renourishment 2,500,000 - 2,500,000 7/7/2020 7/23/2020 Council approved Babe's Beach / Harvey Repairs 75,000 - 75,000 7/7/2020 7/23/2020 Council approved Back Passing Nourishment 75,000 75,000 - 75,000 - - 1/3/2018 3/22/2018 Council Approved Babe's Beach Renourishment 2,000,000 2,000,000 - 2,000,000 - - 1/3/2018 3/22/2018 Project Underway Structural Solutions 75,000 75,000 - 75,000 - - 1/3/2018 3/22/2018 USACE project pending Sand Management Plan Update 90,000 90,000 - - 12/6/2016 2/26/2017 Expected Compl. 8/2019

Economic Development (3) - 45th Street Corridor - design 1,100,000 715,000 143,000 55,000 1,078,000 22,000 - 3/9/2017 4/27/2017 Construction Underway West Market 25th - 33rd - (1) (2) 1,650,000 150,855 1,137,506 111,984 1,400,345 110,245 139,410 3/9/2017 4/27/2017 Construction Underway Airport Runway Project 55,000 - - 55,000 55,000 - - 3/5/2019 4/15/2019 Grant application Infill Redevelopment Project (GEDP) 250,000 - - - - - 250,000 7/7/2015 8/13/2015 Planning Phase Parks

IDC Parks Crew 602,147 97,406 244,740 166,775 508,921 - 93,226 3/6/2018 3/22/2018 Program Underway Park Package #3 900,000 - 35,939 500,660 536,599 65,632 297,769 3/5/2019 4/15/2019 Underway

Infrastructure

Harborside Drive (Design) 380,000 96,572 8,013 26,489 367,904 5,839 6,257 1/3/2018 2/22/2018 Project Closeout Downtown Streetscape 200,000 - 72,325 37,543 109,868 2,682 87,450 8/7/2018 9/13/2018 In design 27th Street Corridor Project Phase II 2,600,000 - 82,295 958,746 1,041,041 533,177 1,025,782 7/10/2018 9/10/2018 Substantially Complete 27th Street Phase III 500,000 170,436 170,436 200,013 500,000 8/6/2019 10/17/2019 Under Construction 25th Street Project 50,000 - - - - 50,000 - 4/2/2019 7/25/2019 Under Construction Concrete Crew 1,767,368 249,193 206,875 351,340 1,749,708 - 17,660 7/7/2015 8/13/2015 257 jobs completed

Notes: