AGENDA

SUNNYVALE 4A DEVELOPMENT CORPORATION

BOARD OF DIRECTORS

REGULAR MEETING

NOVEMBER 1, 2007

7:00 P.M.

THE BOARD OF DIRECTORS OF SUNNYVALE 4A DEVELOPMENT CORPORATION WILL MEET IN REGULAR SESSION ON NOVEMBER 1, 2007 AT 7 P.M. IN THE COUNCIL CHAMBERS OF THE SUNNYVALE TOWN HALL, 127 COLLINS ROAD, SUNNYVALE, TEXAS UNDER V.T.C.A., GOVERNMENT CODE SECTION 551.041. ITEMS TO BE DISCUSSED AND ACTED UPON ARE:

· CALL MEETING TO ORDER

· APPROVAL OF MINUTES FROM REGULAR MEETING OF SEPTEMBER 20, 2007.

· APPROVAL OF MONTHLY FINANCIAL REPORT FOR SEPTEMBER 30, 2007.

· PUBLIC COMMENT PERIOD: PERSONS MAY ADDRESS THE SUNNYVALE 4A DEVELOPMENT BOARD ON ITEMS NOT ON THE AGENDA. PLEASE OBSERVE THE TIME LIMIT OF THREE (3) MINUTES. CORPORATION AND ITS MEMBERS CANNOT COMMENT OR DELIBERATE ITEMS OF PUBLIC COMMENT.

· REPORT BY DAVID RAINS OF PROGRESS ON INFRASTRUCTURE IN REGARD TO THE AGREEMENT WITH THE SUNNYVALE 4A DEVELOPMENT CORPORATION AND RAINS OVER TEXAS.

· INTRODUCTION BY ASHLEY NADEAU OF MILLARD REFRIGERATED SERVICES, INC. AND REQUEST FOR INCENTIVES

· DISCUSSION/ACTION ITEMS:

1. Tour of Professional Bank facilities in Garland and Lakewood, Friday November 2, 2007 9:00 a.m

· EXECUTIVE SESSION AGENDA

1. PURSUANT TO SECTION 551.087 OF THE TEXAS GOVERNMENT CODE TO DISCUSS AND DELIBERATE COMMERCIAL OR FINANCIAL INFORMATION FROM A POTENTIAL BUSINESS PROSPECT THAT THE BOARD IS SEEKING TO LOCATE OR EXPAND IN THE TOWN; TO DELIBERATE THE OFFER OF FINANCIAL OR OTHER INCENTIVE TO A BUSINESS PROSPECT.

2. PURSUANT TO SECTION 551.071 OF THE TEXAS GOVERNMENT CODE TO CONSULT WITH THE ATTORNEY FOR THE SUNNYVALE 4A DEVELOPMENT CORPORATION ON MATTERS FOR WHICH THE ATTORNEY'S DUTIES CONFLICT WITH THE TEXAS OPEN MEETINGS ACT.

· CONSIDER ANY ACTION AS A RESULT OF THE EXECUTIVE SESSION

· ADDITIONAL DISCUSSION/ACTION ITEMS

A. CONSIDER A RESOLUTION APPROVING A MEMORANDUM OUTLINING ECONOMIC DEVELOPMENT INCENTIVES THAT MAY BE OFFERED FOR COTTONWOOD PARTNERS INVESTMENTS, L.C.’S PROPOSED HOSPITAL PROJECT AND REQUESTING TOWN COUNCIL APPROVAL OF THE MEMORANDUM.

B. CONSIDER APPROVAL OF AN ECONOMIC DEVELOPMENT AGREEMENT WITH COTTONWOOD PARTNERS INVESTMENTS, L.C. TO REIMBURSE UP TO $400,000 IN INFRASTRUCTURE COSTS AND REQUESTING THE TOWN COUNCIL’S APPROVAL OF A BUDGET AMENDMENT FOR THE EXPENDITURE OF CORPORATION FUNDS FOR THE AGREEMENT.

C. CONSIDER A RESOLUTION APPROVING A MEMORANDUM OUTLINING ECONOMIC DEVELOPMENT INCENTIVES THAT MAY BE OFFERED FOR MILLARD REFRIGERATED SERVICES, INC. PROPOSED WAREHOUSE PROJECT AND REQUESTING TOWN COUNCIL APPROVAL OF THE MEMORANDUM.

D. CONSIDER AMENDING THE CORPORATION’S ECONOMIC DEVELOPMENT AGREEMENT WITH RAINS OVER TEXAS, L.P. TO PROVIDE FOR PAYMENMT OF THE CORPORATION’S REIMBURSEMENT AMOUNT BEFORE ISSUANCE OF A CERTIFICATE OF OCCUPANCY.

· PLAN DATE OF NEXT MEETING, DECEMBER 6, 2007 OR OTHER DATE

· ADJOURN

ALL LOCATIONS IDENTIFIED ARE IN THE TOWN OF SUNNYVALE UNLESS OTHERWISE INDICATED. FOR A DETAILED PROPERTY DESCRIPTION, PLEASE CONTACT THE DIRECTOR OF COMMUNITY DEVELOPMENT AT TOWN HALL.

ALL ITEMS ON THE AGENDA ARE FOR POSSIBLE DISCUSSION AND ACTION.

THE TOWN OF SUNNYVALE IS COMMITTED TO COMPLIANCE WITH THE AMERICAN'S WITH DISABILITIES ACT (ADA). REASONABLE ACCOMMODATIONS AND EQUAL ACCESS TO COMMUNICATIONS WILL BE PROVIDED TO THOSE WHO PROVIDE NOTICE TO THE DIRECTOR OF COMMUNITY SERVICES AT 972-226-7177 AT LEAST 48 HOURS PRIOR TO THE MEETING.

I HEREBY CERTIFY THAT THE FOREGOING NOTICE WAS POSTED ON THIS THE 29TH DAY OF OCTOBER 2007 IN THE FOLLOWING LOCATIONS.

TOWN HALL 127 COLLINS

SUNNYVALE ISD 417 E. TRIPP RD

SUNNYVALE LIBRARY 402 TOWER PL

KEARNEY'S 3602 BELTLINE RD

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KATHRYN DEWEY

TOWN SECRETARY