MINUTES

SUNNYVALE 4A DEVELOPMENT CORPORATION

REGULAR MEETING

AUGUST 3, 2006

7:00 P.M.

THE SUNNYVALE 4A DEVELOPMENT CORPORATION MET IN REGULAR SESSION ON AUGUST 3, 2006 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. THOSE PRESENT WERE:

CHAIRPERSON BILL WHITEHURST

ABSENT MEMBER THOMAS LATHAM

MEMBER JIM WADE

MEMBER BRAD BARTON

MEMBER LAWRENCE BOYD

1. CALL MEETING TO ORDER

Chairperson Whitehurst called the meeting to order at 7:00 p.m.

2. APPROVAL OF MINUTES

A. REGULAR MEETING OF JULY 6, 2006

B. SPECIAL CALLED MEETING OF JULY 17, 2006

Motion was made by Member Boyd to approve the minutes of July 6, 2006. The motion to approve was seconded by Chairperson Whitehurst. The motion carried.

Motion was made by Member Boyd to approve the minutes of July 17, 2006. The motion to approve was seconded by Chairperson Whitehurst. The motion carried. Member Wade abstained from vote since he wasn't present at these meetings.

3. 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

IT'S MEMBERS CANNOT COMMENT OR DELIBERATE ITEMS OF THE

PUBLIC COMMENT.

Mike Sage, 137 Rebecca Rd., asked if the Board knew the status of the bridge project at Hwy 80 and Collins. Chairperson Whitehurst advised that he would look into the project.

4. DISCUSSION/ACTION ITEMS:

A. APPROVAL OF ECONOMIC DEVELOPMENT AGREEMENT WITH

DAVID GOODHART FOR INCENTIVES RELATING TO PROPERTY

ON SH 352 BETWEEN CLAY ROAD AND STONE CANYON AND

RESOLUTION REQUESTING TOWN COUNCIL APPROVAL OF BUDGET

AMENDMENT FOR $25,000 EXPENDITURE

Motion was made by Member Barton to approve the economic development agreement with David Goodhart asking the Town Council for approval of a budget amendment for

Minutes

Sunnyvale 4A Development Corporation

August 3, 2006

Page 2

$25,000. The motion to approve the agreement and budget amendment was seconded by Member Boyd. The motion carried unanimously.

B. APPROVAL OF ECONOMIC DEVELOPMENT AGREEMENT WITH

DANIEL STEEL INDUSTRIES, INC., RESOLUTION REQUESTING

TOWN COUNCIL APPROVAL OF BUDGET AMENDMENT FOR

$100,000 EXPENDITURE AND OF TOWN APPLICATION TO TEXAS

ENTERPRISE FUND, AND AUTHORIZING EXPENDITURE FOR TEXAS

ENTERPRISE FUND APPLICATION

Motion was made by Member Wade to approve an economic development agreement with Daniel Steel Industries, Inc. requesting Town Council approval for a budget amendment for $100,000. The motion to approve the agreement and request amendment was seconded by Member Boyd. The motion carried unanimously.

Chairperson Whitehurst stated that Item 4C would be heard later this evening after Mr. Parades arrival. He announced that Item 4E would not be discussed at this meeting in open session and Items 4F, 4G and 4H would be tabled until a future date.

Chairperson Whitehurst adjourned the meeting into executive session at 7:20 p.m.

Chairperson Whitehurst reconvened the meeting into regular session at 7:30 p.m.

C. PRESENTATION BY ROBERT PARADES - COLLINS CORNERS

Robert Parades presented his Collins Corners project to the Board. He stated that his project was ready to proceed and asked for financial consideration from 4A with a needed sewer line.

D. PRESENTATION BY ROBERT CROUCH - BRONCO

PACKAGING COMPANY

To be heard at a future meeting.

E. MARAZZI TILE

1. CONSIDER ECONOMIC DEVELOPMENT AGREEMENT

2. AUTHORIZE EXPENDITURES FOR APPLICATIONS TO

GOVERNOR'S ENTERPRISE FUND AND TEXAS ENTERPRISE

FUND AND FOR LOCAL ECONOMIC IMPACT STUDIES FOR TAX

ABATEMENT, GOVERNOR'S ENTERPRISE FUND, AND VALUE

LIMITATION UNDER CHAPTER 313, TEXAS TAX CODE

3. CONSIDER RESOLUTION REQUESTING TOWN COUNCIL'S

APPROVAL OF TOWN APPLICATION TO GOVERNOR'S

ENTERPRISE FUND AND TEXAS ENTERPRISE FUND

F. CONSIDER PROPOSED AMENDMENTS TO RAINS OVER TEXAS

ECONOMIC DEVELOPMENT AGREEMENT

To be heard at a future meeting.

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Sunnyvale 4A Development Corporation

August 3, 2006

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G. STRATEGIC PLAN 2006-2007

To be heard at a future meeting.

H. BUDGET PLAN 2006-2007

To be heard at a future meeting.

5. EXECUTIVE CLOSED SESSION

A. 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.

B. 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.

Chairperson Whitehurst adjourned the meeting into executive session at 7:40 p.m.

Chairperson Whitehurst reconvened the meeting into regular session at 8:30 p.m.

6. CONSIDER ANY ACTION AS A RESULT OF THE EXECUTIVE SESSION

Walt McCool, 4A attorney, read Resolution-2006-08-3 into the record. A copy of that document is included with these minutes.

Motion was made by Member Wade to approve Resolution-2006-08-3. The motion to approve was seconded by Member Boyd. The motion carried unanimously.

Walt McCool read the high points of the Marazzi Tile economic development agreement to the Board.

Motion was made by Member Wade to approve the Economic Development Agreement with Marazzi Tile as drafted by Walt McCool. The motion to approve was seconded by Member Boyd. The motion carried unanimously.

7. UPDATES ON ECONOMIC DEVELOPMENT ACTIONS BY PAM MUNDO

To be heard at a future meeting.

Minutes

Sunnyvale 4A Economic Corporation

August 3, 2006

Page 4

8. ADJOURN

Chairperson Whitehurst adjourned the meeting at 8:30 p.m.

____________________________

Chairperson, Bill Whitehurst

ATTEST:

__________________________

Kathryn Dewey, Administration

A TAPE RECORDING OF THIS MEETING IS ON FILE AT TOWN HALL. THESE MINUTES ARE CONDENSED THEREFROM