MINUTES

SUNNYVALE 4A DEVELOPMENT CORPORATION

REGULAR MEETING

DECEMBER 7, 2006

7:00 P.M.

THE SUNNYVALE 4A DEVELOPMENT CORPORATION MET IN REGULAR SESSION ON DECEMBER 7, 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

ABSENT VICE PRESIDENT JIM WADE

MEMBER PAT WILEY

MEMBER DANNY ALLEN

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 NOVEMBER 2, 2006

Motion was made by Member Allen to approve the minutes of November 2, 2006. The motion to approve was seconded by Member Wiley. The motion carried unanimously.

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

Its MEMBERS CANNOT COMMENT OR DELIBERATE ITEMS OF

PUBLIC COMMENT.

No public comments.

4. DISCUSSION/ACTION ITEMS:

A. CONSIDER ANNUAL ADVERTISING CONTRACT WITH DALLAS

BUSINESS JOURNAL FOR 2007

Pam Mundo asked the Board to approve an advertising contract with Dallas Business Journal for FY 06-07. Questions followed regarding circulation, costs and last year's responses.

Member Wiley made a motion to table the contract until a future meeting. Motion seconded by Member Allen. The motion carried unanimously.

Chairperson Whitehurst advised that the Board would go into executive session before considering Item 4B.

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.

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

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.

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

4. B.CONSIDER APPROVAL OF A CONTRACT TO PROVIDE FUNDING OF UP

TO $360,000 FOR UTILITY AND SITE IMPROVEMENTS TO FACILITATE

A PROPOSED RETAIL/OFFICE PROJECT AT THE INTERSECTION OF

BELT LINE ROAD AND TOWN EAST BOULEVARD

Chairperson Whitehurst reconvened the meeting at 8:27 p.m.

Member Boyd moved that the Board direct its' attorney to prepare a contract for an incentive for the property at the northwest corner of Town East Blvd. and Belt Line Rd. providing for an incentive payment of $100,000 to be paid upon issuance of a certificate of occupancy for a single-tenant retail building of at least 10,000 square feet with repayment if a retail business does not operate continuously for five years with the Board's offer to expire February 7, 2007. The motion was seconded by Member Allen. Motion carried unanimously.

7. UPDATES ON ECONOMIC DEVELOPMENT ACTIONS BY PAM MUNDO

No update given.

8. UPDATES FROM 4A ATTORNEY G. WALT MCCOOL

A. REQUIRED TRAINING SESSION FOR OPEN RECORDS/OPEN MEETINGS.

Mr. McCool reminded the Board that the training sessions must be completed by Dec. 31, 2006.

Minutes

Sunnyvale 4A Development Corporation

December 7, 2006

Page 3

9. ADJOURN

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

____________________________

President, Bill Whitehurst

ATTEST:

__________________________

Kathryn Dewey, Town Secretary

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