MINUTES

SUNNYVALE 4A DEVELOPMENT CORPORATION

REGULAR MEETING

NOVEMBER 2, 2006

7:00 P.M.

THE SUNNYVALE 4A DEVELOPMENT CORPORATION MET IN REGULAR SESSION ON NOVEMBER 2, 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:

PRESIDENT BILL WHITEHURST

VICE PRESIDENT JIM WADE

MEMBER PAT WILEY

MEMBER DANNY ALLEN

MEMBER LAWRENCE BOYD

1. CALL MEETING TO ORDER

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

2. APPROVAL OF MINUTES

A. REGULAR MEETING OF OCTOBER 5, 2006

Motion was made by Mr. Allen to approve the minutes of October 5, 2006. The motion to approve was seconded by Mr. Wiley. The motion carried unanimously.

3. ELECTION OF OFFICERS:

The following officers were elected by unanimous vote:

President Bill Whitehurst

Vice President Jim Wade

Secretary Larry Boyd

Asst. Secretary Kathy Dewey

Treasurer Bill Whitehurst

4. 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.

There were no public comments.

5. PRESENTATION BY DAVID GOODHART - FUTURE DEVELOPMENT PLANS

ON THE STONE CANYON RETAIL CENTER AND THE NEED FOR

ADDITIONAL FUNDING RELATED TO THE SANITARY SEWER LINE

David Goodhart updated the Board on the sewer line costs/development for his project. He described his financial concerns for the retail site. He stated that within 2 years, he expected to get 1/3 of the 50,000 sq ft built and rented.

Discussion followed regarding the entrances and traffic flow to the shopping center with the existing neighborhood.

Mr. Whitehurst asked Mr. Goodhart to get specific costs together for consideration at a future meeting.

Mr. Goodhart reminded the Board of their obligation and asked for additional consideration. Mr. Wade asked to have this item put on the Board's next agenda.

6. DISCUSSION/ACTION ITEMS:

A. REVIEW ECONOMIC INCENTIVE AGREEMENT FOR ROB PAREDES

Walt McCool, 4A Attorney, asked to have this item tabled since he was waiting on additional documentation. A motion was made by Mr. Wade to table the review. The motion seconded by Mr. Allen. Motion carried unanimously.

B. CONSIDER A RESOLUTION FOR MARAZZI TILE TAX ABATEMENT

Walt McCool talked with the Board members about abatement guidelines. He explained the various options previously approved by the Town.

A motion was made by Mr. Wade to adopt resolution 2006-11-2 with a substitution in the wording from "enter into" to "consider" the abatement under these terms. Motion seconded by Mr. Wiley. The motion carried unanimously.

C. CONSIDER A RESOLTUION TO RATIFY PRIOR BOARD ACTIONS

Walt McCool asked the Board to adopt a resolution to ratify previous actions.

A motion was made by Mr. Allen to adopt Resolution 2006-11-1. Motion seconded by Mr. Wiley. The motion carried unanimously.

7. 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.

Mr. Whitehurst adjourned into executive session at 7:50 p.m.

Mr. Whitehurst reconvened into regular session at 9:06 p.m.

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

No action taken.

9. UPDATES ON ECONOMIC DEVELOPMENT ACTIONS BY PAM MUNDO

A. MOVE DATE FOR BUSINESS BREAKFAST

Pam Mundo, Economic Consultant, asked to have the business breakfast scheduled in January 2007. She reminded the Board that March 20th was still a good date for Sunnyvale Day in Austin.

B. NOV. 3 - TO ATTEND REQUIRED SALES TAX TRAINING FOR 4A

Mrs. Mundo stated she would be attending the required training in Austin.

10. UPDATES FROM 4A ATTORNEY G. WALT MCCOOL

A. CONSIDER WORK SESSION WITH TOWN COUNCIL NOV. 27TH

Walt McCool asked the Board to attend a work session with the Town Council on November 27, 2006.

11. ADJOURN

Mr. Whitehurst adjourned the meeting at 9:10 p.m.

____________________________

President, Bill Whitehurst

ATTEST:

__________________________

Kathryn Dewey, Administration

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