MINUTES

MONTGOMERY COUNTY MUNICIPAL UTILITY DISTRICT NO. 113

February 20, 2019

The Board of Directors ("Board") of Montgomery County Municipal Utility District No. 113("District") met in special session, open to the public, on Febmary 20, 2019, at 101 Elk Trace Parkway,Montgomery, Texas, inside the boundaries of the District, and the roU was called of the members of theBoard:

Board Member Precinct Title

David Garrett Precinct 4 President

Vacant Precinct 5 Vice President

Chris Uzelmeier Precinct 3 SecretaryRobert Green Precinct 1 Assistant Vice President

Cato McDaniel Precinct 2 Assistant Secretary

and all of the above were present except Director Garrett, thus constituting a quorum.

Also present at the meeting were: Ryan Wade, resident of the District; Stephen Eustis of RobertW. Baird & Co. ("RW Baird"); Stephen Barrera of Woodforest Development, Inc. ("WDI"); Vince Salazarof LJA Engineering, Inc. ("LJA"); and Richard L. Muller, Jr. and Jessica Richardson of The MuUer LawGroup, PLLC ("MLG").

UNLIMITED TAX BONDS. SERIES 2019

REVIEW BIDS AND AWARD SALE OF THE DISTRICT'S $10.480.000 UNLIMITED TAX

BONDS. SERIES 2019

Mr. Eustis presented and reviewed a copy of the bid results for the sale of the District's$10,480,000 Unlimited Tax Bonds, Series 2019 ("Bonds"). A copy of the bid results is attached. Mr.Eustis recommended awarding the sale of the Bonds to SAMCO Capital Market, Inc., with a neteffective interest rate of 3.553569%. Following review and discussion. Director Green moved toaward the sale of the Bonds to SAMCO Capital Market, Inc. Director McDaniel seconded themotion, which passed by unanimous vote. Mr. Eustis added that SAMCO Capital Market, Inc.submitted a Form 1295 with their bid.

ADOPT RESOLUTION AUTHORIZING THE ISSUANCE OF THE DISTRICT'S $10.480.000

UNLIMITED TAX BONDS. SERIES 2019

The Board next considered adopting a Resolution Authorizing the Issuance of the District's$10,480,000 Unlimited Tax Bonds, Series 2019 ("Bond Resolution"). Following review anddiscussion. Director Green moved to adopt the Bond Resolution. Director McDaniel seconded themotion, which passed by unanimous vote.

APPROVE PAYING AGENT/REGISTRAR AGREEMENT

The Board considered approving a Paying Agent/Registrar Agreement with Regions Bank

in connection with the Bonds ("Agreement"). Following review and discussion, Director Greenmoved to authorize the execution of the Agreement. Director McDaniel seconded the motion, whichpassed by unanimous vote. Mr. MuUer added that Regions Bank, submitted a Form 1295 related tothis Agreement.

APPROVE OFFir.TAT. STATEMENT

The Board next considered approving the Official Statement for the Bonds. Mr. Eustisstated that the Preliminary Official Statement will be updated to include sale information regardingthe Bonds. Following discussion. Director Green moved to approve the Official Statement.Director McDaniel seconded the motion, which passed by unanimous vote.

INSPECTION OF FACILITIES

Mr. Salazar stated that all facilities listed in the bond application were inspected with thebond anticipation note. No Board action was necessary.

AMENDMENT TO INFORMATION FORM

Mr. MuUer presented an Amended and Restated Information Form, updated to reflect theissuance of the Bonds. Following review and discussion. Director Green moved to authorizeexecution of the Amended and Restated Information Form. Director McDaniel seconded the

motion, which passed by unanimous vote.

Mr. Eustis presented and reviewed a tentative schedule for the Series 2019 Road Bonds, a copy ofwhich is attached.

APPOINTMENT OF DIRECTOR

The Board considered approving the Sworn Statement, Official Bond, and Oath of Office of RyanWade. Following review and discussion. Director Green moved to approve the Sworn Statement, OfficialBond, and Oath of Office of Ryan Wade. Director Uzelmeier seconded the motion, which passed byunanimous vote.

Mr. MuUer explained the training requirements of the Texas Open Meetings Act and PubUcInformation Act, noting that Director Wade is required to complete the Open Meetings Act training within90 days of his appointment and provide MLG with a copy of his certificate stating that he completed thetraining. He also discussed Chapter 176 of the Texas Local Government Code, which requires directors andconsultants to disclose certain conflicts of interest and encouraged aU Board members to contact MLG ifthey have any questions regarding disclosing a confUct of interest. Mr. MuUer added that MLG wiU forwardmemorandums regarding the aforementioned to Director Wade.

The Board considered reorganizing the officers of the Board of Directors. FoUowing discussion.Director Green moved to reorganize the Board as foUows:

Board Member Precinct Title

David Garrett Precinct 4 President

Robert Green Precinct 1 Vice President

Ryan Wade Precinct 5 Assistant Vice PresidentChris Uzelmeier Precinct 3 SecretaryCato McDaniel Precinct 2 Assistant Secretary

Director Uzelmeier seconded the motion, which passed by unanimous vote.

The Board next considered authorizing the execution of the District Registration Form, updated toreflect the term of the newly appointed director. Following review and discussion. Director Green movedto authorize the execution of the District Registration Form. Director Uzelmeier seconded the motion,which passed unanimously.

There being no further business to come before the Board, the meeting was adjourned.

^ , 4 ( \ O « Secretary, Board of E [rectors