[PAGE 1]
SUNNYVALE 4A DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING
WEDNESDAY, JULY 10, 2019
TOWN HALL - 127 N. COLLINS RD
5:00 PM
CALL MEETING TO ORDER
President calls the Meeting to order, state the date and time. State members present and declare a
quorum present.
PUBLIC FORUM
Citizens may speak on any matter other than personnel matters or matters under litigation. No
actions or discussion will be taken until such matter is placed on the agenda and posted in
accordance with law.
DISCUSSION / ACTION ITEMS
1. DISCUSS, CONSIDER AND ACT UPON THE REGULAR MEETING MINUTES FOR
JUNE 19, 2019.
2. DISCUSS, CONSIDER AND ACT UPON THE JUNE 2019 FINANCIAL REPORTING AND
RELATED ITEMS.
3. DISCUSS, CONSIDER AND ACT UPON THE RECOMMENDED 2019-2020 BUDGET.
4. DISCUSS, CONSIDER AND ACT UPON UPDATE REGARDING TOWN COUNCIL
RECOMMENDATION TO STAFF ON FUTURE ACTIONS RELATED TO SALES TAX
UTILIZATION.
5. DISCUSS FUTURE AGENDA ITEMS AND EVENTS
EXECUTIVE SESSION
Recess into executive session pursuant to Chapter 551, Subchapter D of the Texas Government
Code:
EXECUTIVE SESSION AGENDA:
A. SECTION 551.087 – ECONOMIC DEVELOPMENT
To deliberate the offer of a financial or other incentive to a business prospect.
PROJECT ITALIAN
PROJECT WOOD
END OF EXECUTIVE SESSION
Reconvene into open session and take any action necessary as a result of the Executive Session.

[PAGE 2]
A. SECTION 551.087 – ECONOMIC DEVELOPMENT
To deliberate the offer of a financial or other incentive to a business prospect.
PROJECT ITALIAN
PROJECT WOOD
ADJOURN
ALL LOCATIONS IDENTIFIED ARE IN THE TOWN OF SUNNYVALE UNLESS OTHERWISE
INDICATED. FOR A DETAILED PROPERTY DESCRIPTION, PLEASE CONTACT THE
BUILDING OFFICIAL AT TOWN HALL. ALL ITEMS ON THE AGENDA ARE FOR POSSIBLE
DISCUSSION AND ACTION. PLEASE TURN OFF ALL TELEPHONES AND HANDHELD
COMMUNICATION DEVICES WHILE IN ATTENDANCE AT THIS MEETING.
THE SUNNYVALE 4A DEVELOPMENT CORPORATION RESERVES THE RIGHT TO ADJOURN
INTO EXECUTIVE SESSION AT ANY TIME DURING THE COURSE OF THIS MEETING TO
DISCUSS ANY OF THE MATTERS LISTED ABOVE, AS AUTHORIZED BY TEXAS
GOVERNMENT CODE SECTION 551.071 (CONSULTATION WITH ATTORNEY), 551.072
(DELIBERATION ABOUT REAL PROPERTY), 551.073 (DELIBERATIONS ABOUT GIFTS AND
DONATIONS), 551.074 (PERSONNEL MATTERS), 551.076 (DELIBERATIONS ABOUT
SECURITY DEVICES), AND 551.087 (ECONOMIC DEVELOPMENT).
THE TOWN OF SUNNYVALE IS COMMITTED TO COMPLIANCE WITH THE AMERICANS 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 JULY 5, 2019, IN
THE FOLLOWING LOCATION AND REMAINED SO POSTED CONTINUOUSLY FOR AT
LEAST 72 HOURS PRECEDING THE SCHEDULED TIME OF SAID MEETING:
TOWN HALL AT 127 N. COLLINS ROAD
RACHEL RAMSEY, TOWN SECRETARY

[PAGE 3]
Town of Sunnyvale
1. July 10, 2019
Prepared By: Traci Anderson, Economic
Development Director
Summary:
DISCUSS, CONSIDER AND ACT UPON THE REGULAR MEETING MINUTES
FOR JUNE 19, 2019.
Staff Recommendation:
Approval of minutes.
Background & Analysis:
None.
Fiscal Impact:
N/A
Attachments:
• June 19, 2019 Meeting Minutes

[PAGE 4]
SUNNYVALE 4A DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
REGULAR MEETING MINUTES
WEDNESDAY, JUNE 19, 2019
TOWN HALL - 127 N. COLLINS RD
5:00 PM
PRESIDENT TERRI SHATTER
VICE PRESIDENT FRANKLIN WEEKS
SECRETARY K.PAUL CASH
TREASURER PAUL BOCHNIAK
MEMBER JA MES KORAH
CALL MEETING TO ORDER
President Shatter called the meeting to order at 5:01 p.m. A quorum was declared with all members
present.
PUBLIC FORUM
Citizens may speak on any matter other than personnel matters or matters under litigation. No actions
or discussion will be taken until such matter is placed on the agenda and posted in accordance with
law.
No comments.
DISCUSSION / ACTION ITEMS
1. DISCUSS, CONSIDER AND ACT UPON THE REGULAR MEETING MINUTES FOR MAY 8,
2019.
Secretary Cash made a motion to approve the May 8, 2019 Regular Meeting Minutes with a
correction, changing the starting word “the” to “they” in item number four. Seconded by Vice-
President Weeks. President Shatter called for a vote. All voted in favor. The motion passed
unanimously
2. DISCUSS, CONSIDER AND ACT UPON APRIL 2019 FINANCIAL REPORTING AND
RELATED ITEMS.
Finance Assistant Phyliss Moore presented the April 2019 financials. Treasurer Bochniak made
a motion to approve the April 2019 financials as reported. Seconded by Member Korah.
President Shatter called for a vote. All voted in favor. The motion passed unanimously.
3. DISCUSS, CONSIDER AND ACT UPON THE MAY 2019 FINANCIAL REPORTING AND
RELATED ITEMS.
Finance Assistant Phyliss Moore presented the May 2019 financials. Treasurer Bochniak made
a motion to approve the May 2019 financials as reported. Seconded by Member Korah.
President Shatter called for a vote. All voted in favor. The motion passed unanimously.

[PAGE 5]
4. DISCUSS, CONSIDER AND ACT UPON THE RECOMMENDED 2019-2020 BUDGET.
Tabled Discussion.
5. DISCUSS, CONSIDER AND ACT UPON THE ECONOMIC DEVELOPMENT INCENTIVE
GUIDELINES AND APPLICATION.
Treasurer Bochniak presented a change to define Town of Sunnyvale as “Town” to use
throughout the document. Secretary Cash made a motion to approve the agenda items with the
mentioned correction. Seconded by Vice-President Weeks. President Shatter called for a vote.
All voted in favor. The motion passed unanimously.
6. DISCUSS BOARD REQUESTS FOR FUTURE AGENDA ITEMS AND EVENTS.
No future agenda items and events.
EXECUTIVE SESSION
Recess into executive session at 5:02 p.m. pursuant to Chapter 551, Subchapter D of the Texas
Government Code:
President Shatter recessed into Executive Session as the first item on the agenda.
EXECUTIVE SESSION AGENDA:
1. SECTION 551.071 CONSULTATION WITH ATTORNEY
To seek the advice of the Town’s attorney about pending or contemplated litigation; or a
settlement offer; or on a matter in which the duty of the attorney to the governmental body
under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly
conflicts with this Chapter.
Regarding matters of taxation.
END OF EXECUTIVE SESSION
Reconvene into open session and take any action necessary as a result of the Executive Session.
P resident Shatter reconvened into open session at 5:27 p.m.
1. SECTION 551.071 CONSULTATION WITH ATTORNEY
To seek the advice of the Town’s attorney about pending or contemplated litigation; or a
settlement offer; or on a matter in which the duty of the attorney to the governmental body
under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly
conflicts with this Chapter.
Regarding matters of taxation.
No action.

[PAGE 6]
ADJOURN
P resident Shatter adjourned the meeting at 6:01 p.m.
The undersigned presiding officer certifies that this is a true and correct record of the proceedings.
______________________________
Terri Shatter, President
Attest:
__________________________________________
Traci Anderson, Economic Development Director

[PAGE 7]
Town of Sunnyvale
2. July 10, 2019
Prepared By: Traci Anderson, Economic
Development Director
Summary:
DISCUSS, CONSIDER AND ACT UPON THE JUNE 2019 FINANCIAL
REPORTING AND RELATED ITEMS.
Staff Recommendation:
Approval as presented.
Background & Analysis:
None.
Fiscal Impact:
N/A
Attachments:
• June 2019 Financials

[PAGE 8]
4A Economic Development Corporation
Financial Statement
June 30, 2019

[PAGE 9]
Town of Sunnyvale 4A Monthly Finance Report
June 30, 2019
Budget: Net Revenues/Expenses:Budget = $ ( 378,883.00) Actual = $ 250,404.09
Highlights: Revenues: MTD = $ 107,118.58 YTD = $ 453,115.92
Expenses: MTD = $ 1 1,782.76 YTD = $ 202,711.83
Net: $ 9 5,335.82 $ 250,404.09
Revenues: Sales Tax recorded YTD is $385,460.57 (2 months accrual, 7 months actual). Interest
YTD is $12,888.58. Special Assessment receipts YTD total $54,766.77.
Expenses: The YTD expenses total $202,711.83. The MTD expenses include routine payroll,
Brown & Hofmeister (legal fees), Angela Navarro (dinner for ED 101 Training), Economic
Development Leadership Program (1/2 cost for EDC Director), Axios Group (1/2 cost
computer equipment and labor for Admin position), Mike Barnes (professional services and
reimbursements for ED 101 Training), and office supplies.
4A EDC
Budget As of
Fund Summary
2018‐2019 06/30/2019
Beginning Fund Balance (unaudited) 2,330,452 2,330,452
Revenue Summary
Sales Tax 431,250 385,461
Transfers In (Special Assessments) 54,767 54,767
Interest 17,000 12,889
Total Revenues 503,017 453,116
Expenditure Summary
Operating Expenditures 881,900 202,712
Total Expenditures 881,900 202,712
Excess or (Deficit) Revenue/Expenditures (378,883) 250,404
Total Fund Balance 1,951,569 2,580,856
Assigned ‐ Hope Development 187,500 93,750
Unassigned Fund Balance 1,764,069 2,487,106

[PAGE 10]
7-01-2019 11:25 AM TOWN OF SUNNYVALE PAGE: 1
BALANCE SHEET
AS OF: JUNE 30TH, 2019
91 -4A SALES TAX CORPORATION
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
_____________________________________________________________________________________________
ASSETS
======
91-1112 4A - COMPASS BANK ACCOUNT 2,458,173.64
91-1441 SALES TAX ACCRUAL 107,812.50
91-1509 DUE FROM SPECIAL ASSESSMENT GF 54,766.77
2,620,752.91
TOTAL ASSETS 2,620,752.91
==============
LIABILITIES
===========
91-2181 DUE TO GENERAL FUND 39,896.88
TOTAL LIABILITIES 39,896.88
EQUITY
======
91-3117 UNRESERVED FUND BALANCE 2,142,951.94
91-4302 ASSIGNED HOPE DEVELOPMENT 187,500.00
TOTAL BEGINNING EQUITY 2,330,451.94
TOTAL REVENUE 453,115.92
TOTAL EXPENSES 202,711.83
TOTAL REVENUE OVER/(UNDER) EXPENSES 250,404.09
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 2,580,856.03
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,620,752.91
==============

[PAGE 11]
7-01-2019 11:27 AM TOWN OF SUNNYVALE PAGE: 1
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2019
91 -4A SALES TAX CORPORATION
FINANCIAL SUMMARY 75.00% OF FISCAL YEAR
CURRENT CURRENT YEAR TO DATE % OF BUDGET
BUDGET PERIOD ACTUAL BUDGET BALANCE
____________________________________________________________________________________________________________________________
REVENUE SUMMARY
5100-TAXES 486,017.00 105,743.15 440,227.34 90.58 45,789.66
5500-OTHER REVENUES 17,000.00 1,375.43 12,888.58 75.82 4,111.42
TOTAL REVENUES 503,017.00 107,118.58 453,115.92 90.08 49,901.08
============== ============== ============== ======= ==============
EXPENDITURE SUMMARY
91-4A SALES TAX CORPORATI 881,900.00 11,782.76 202,711.83 22.99 679,188.17
TOTAL EXPENDITURES 881,900.00 11,782.76 202,711.83 22.99 679,188.17
============== ============== ============== ======= ==============
REVENUES OVER/(UNDER) EXPENDITURES ( 378,883.00) 95,335.82 250,404.09 ( 629,287.09)

[PAGE 12]
7-01-2019 11:27 AM TOWN OF SUNNYVALE PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2019
91 -4A SALES TAX CORPORATION
75.00% OF FISCAL YEAR
CURRENT CURRENT YEAR TO DATE % OF BUDGET
REVENUES BUDGET PERIOD ACTUAL BUDGET BALANCE
____________________________________________________________________________________________________________________________
5100-TAXES
91-5111 INTERGOVERNMENTAL TRANSFER IN 54,767.00 0.00 54,766.77 100.00 0.23
91-5140 SALES TAX RECEIPTS 431,250.00 105,743.15 385,460.57 89.38 45,789.43
TOTAL 5100-TAXES 486,017.00 105,743.15 440,227.34 90.58 45,789.66
5300-PERMITS, FEES & FINE ______________ ______________ ______________ _______ ______________
5500-OTHER REVENUES
91-5510 INTEREST EARNED 17,000.00 1,375.43 12,888.58 75.82 4,111.42
TOTAL 5500-OTHER REVENUES 17,000.00 1,375.43 12,888.58 75.82 4,111.42
____________________________________________________________________________________________________________________________
TOTAL REVENUES 503,017.00 107,118.58 453,115.92 90.08 49,901.08
============== ============== ============== ======= ==============

[PAGE 13]
7-01-2019 11:27 AM TOWN OF SUNNYVALE PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2019
91 -4A SALES TAX CORPORATION
91-4A SALES TAX CORPORATI 75.00% OF FISCAL YEAR
CURRENT CURRENT YEAR TO DATE % OF BUDGET
DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL BUDGET BALANCE
____________________________________________________________________________________________________________________________
LABOR AND BENEFITS
91-691-6000 WAGES & SALARIES 40,820.00 3,919.67 31,126.56 76.25 9,693.44
91-691-6002 TMRS 4,874.00 376.32 3,632.96 74.54 1,241.04
91-691-6004 PAYROLL TAXES 3,123.00 299.88 2,381.39 76.25 741.61
91-691-6005 EMPLOYEE INSURANCE 4,100.00 304.58 2,743.47 66.91 1,356.53
TOTAL LABOR AND BENEFITS 52,917.00 4,900.45 39,884.38 75.37 13,032.62
SUPPLIES AND MATERIALS
91-691-6113 ADMINSTRATIVE SERVICES 10,000.00 24.65 24.65 0.25 9,975.35
TOTAL SUPPLIES AND MATERIALS 10,000.00 24.65 24.65 0.25 9,975.35
CONTRACTUAL SERVICES
91-691-6371 PROMOTIONAL SERVICES 36,385.00 0.00 9,172.71 25.21 27,212.29
TOTAL CONTRACTUAL SERVICES 36,385.00 0.00 9,172.71 25.21 27,212.29
TRAINING/DUES/SUBSCRIPT
91-691-6512 GENERAL OFFICE SUPPLIES 500.00 1,025.47 1,301.75 260.35 ( 801.75)
91-691-6513 DUES, SUBSCRIPTIONS, MEMBERSHI 7,100.00 0.00 3,813.03 53.70 3,286.97
TOTAL TRAINING/DUES/SUBSCRIPT 7,600.00 1,025.47 5,114.78 67.30 2,485.22
CAPITAL OUTLAYS & PROJEC
91-691-6751 LEGAL SERVICES 7,500.00 1,192.50 1,621.52 21.62 5,878.48
91-691-6755 BOND BRIDGE PAYMENTS 34,998.00 0.00 30,516.38 87.19 4,481.62
91-691-6830 OUTSIDE TRAINING EXPENSE 7,500.00 4,315.69 6,080.99 81.08 1,419.01
91-691-6831 LOCAL BUSINESS EVENTS (BRE) 10,000.00 0.00 0.00 0.00 10,000.00
91-691-6890 OTHER MISCELLANEOUS EXPENSE 2,000.00 324.00 4,546.42 227.32 ( 2,546.42)
91-691-6891 TRANSFERS OUT INDIRECT COSTS 12,000.00 0.00 12,000.00 100.00 0.00
TOTAL CAPITAL OUTLAYS & PROJEC 73,998.00 5,832.19 54,765.31 74.01 19,232.69
CAPITAL-TOWN IMPROVEMENT
91-691-9211 TOWN BEAUTIFICATION 100,000.00 0.00 0.00 0.00 100,000.00
TOTAL CAPITAL-TOWN IMPROVEMENT 100,000.00 0.00 0.00 0.00 100,000.00
MARKETING & INCENTIVES
91-691-9422 CAPITAL IMPROVEMENTS 100,000.00 0.00 0.00 0.00 100,000.00
91-691-9424 INCENTIVES 500,000.00 0.00 0.00 0.00 500,000.00
91-691-9425 SUNNYVALE CHAMBER SUPPORT/MEMB 1,000.00 0.00 0.00 0.00 1,000.00
91-691-9426 INCENTIVES ASSIGNED 0.00 0.00 93,750.00 0.00 ( 93,750.00)
TOTAL MARKETING & INCENTIVES 601,000.00 0.00 93,750.00 15.60 507,250.00
CAPITAL-PARK/REC IMPROVEM ______________ ______________ ______________ _______ ______________
____________________________________________________________________________________________________________________________
TOTAL 91-4A SALES TAX CORPORATI 881,900.00 11,782.76 202,711.83 22.99 679,188.17
____________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 881,900.00 11,782.76 202,711.83 22.99 679,188.17
============== ============== ============== ======= ==============
REVENUES OVER/(UNDER) EXPENDITURES ( 378,883.00) 95,335.82 250,404.09 ( 629,287.09)

[PAGE 14]
Town of Sunnyvale
3. July 10, 2019
Prepared By: Traci Anderson, Economic
Development Director
Summary:
DISCUSS, CONSIDER AND ACT UPON THE RECOMMENDED 2019-2020
BUDGET.
Staff Recommendation:
Staff recommends approval.
Background & Analysis:
The attachment includes the recommended changes from the board.
Fiscal Impact:
N/A
Attachments:
• Recommended 2019-2020 Budget

[PAGE 15]
Economic Development Funds
The Economic Development Funds are special revenue funds that receive revenue from
sales taxes. Expenditures are restricted to activities that support and promote economic and
community development. As in the General Fund, sales taxes are budgeted at the same levels
as the prior year.
4A ECONOMIC DEVELOPMENT
The 4A Economic Development Corporation is financed with a half‐cent sales tax to aid, promote and
further economic development within the Town through the retention, expansion, and attraction of
targeted commercial and industrial businesses that diversify the tax base, create jobs and provide
consumer choice.
Revenues are budgeted at $932,760 and include sales tax receipts, interest, and Assessments for the
Sunnyvale Industrial Park Improvements. Expenses are budgeted at $1,223,374 and include half of the
labor and benefits for the EDC Director and PT Administrative Assistant, business incentives and
support, town beautification, capital improvements/infrastructure and debt service related to the
Highway 80 and Collins Road Bridge. A merit pay increase and car allowance are included.
2019-2020 Proposed Budget
4A EDC Fund Summary
Amended Proposed
2018‐2019 2019‐2020
Beginning Fund Balance 2,330,452 1,764,069
Revenues
Operating Revenue 448,250 879,500
Special Assessment 54,767 53,260
Total Revenues 503,017 932,760
Expenditures
Operating Expenditures 269,900 258,374
Incentives (assigned/unassigned) 687,500 500,000
Capital Improvements/Infrastructure 100,000 450,000
Transfer Out 12,000 15,000
Total Expenditures 1,069,400 1,223,374
Ending Fund Balance 1,764,069 1,473,455

[PAGE 16]
REVENUES BY DEPARTMENT
691 4A ECONOMIC DEVELOPMENT
Account Approved Actual Mid‐Year Amended Proposed
Number Account Name Description 2018‐2019 05/29/19 Adjustment 2018‐2019 2019‐2020
91‐5111 INTERGOVERNMENTAL TRANSFER IN Special Assessments ‐ Year 4 Payments $ 54,767 $ 54,767 $ ‐ $ 54,767 $ 53,260
91‐5140 SALES TAX RECEIPTS Sales tax (1/2 cent) $ 375,000 $ 279,717 $ 56,250 $ 431,250 $ 862,500
91‐5510 INTEREST EARNED CY annualized $ 5,500 $ 10,029 $ 11,500 $ 17,000 $ 17,000
TOTAL REVENUES ‐ 4A EDC $ 435,267 $ 344,513 $ 67,750 $ 503,017 $ 932,760
EXPENSES BY DEPARTMENT
691 4A ECONOMIC DEVELOPMENT
Account Approved Actual Mid‐Year Amended Proposed
Number Account Name Description 2018‐2019 05/29/19 Adjustment 2018‐2019 2019‐2020
91‐691‐6000 WAGES & SALARIES 50% EDC Director, 50% PT Admin Assist $ 40,820 $ 26,415 $ 40,820 $ 50,050
91‐691‐6002 TMRS 12% Rerate from TMRS $ 4,874 $ 2,786 $ 4,874 $ 5,050
91‐691‐6004 PAYROLL TAXES 7.65% Wages $ 3,123 $ 1,779 $ 3,123 $ 3,830
91‐691‐6005 EMPLOYEE INSURANCE Re‐rate from TML $ 4,100 $ 2,439 $ 4,100 $ 3,780
91‐691‐6009 CAR/MILEAGE ALLOWANCE 50% EDC Director = $3,000 $ ‐ $ ‐ $ ‐ $ 3,000
Administrative assistance for EDC Director (Moved to Labor and
91‐691‐6113 ADMINISTRATIVE SERVICES Benefits catergory) $ 10,000 $ ‐ $ 10,000 $ ‐
91‐691‐6371 PROMOTIONAL SERVICES Brochures, publications, business development, marketing $ 36,385 $ 9,173 $ 36,385 $ 20,000
Misc office supplies, ink, copier paper, etc (EDC Director and
91‐691‐6512 GENERAL OFFICE SUPPLIES Admin Assistant), iPads (5 board members @ $260 each) $ 500 $ 276 $ 500 $ 3,000
IEDC, SEDC,TEDC, ICSC, GIS Planning, Dallas Business Journal,
Dallas Morning News, Chamber Membership, Impact
Dashboard, Sunnyvale Expo, Tyler Technologies, Main Street
America, Texas Downtown Association, Sketch‐Up, Scenic City
91‐691‐6513 DUES, SUBSCRIPTIONS, MEMBERSHIPS Application $ 7,100 $ 3,813 $ 7,100 $ 8,000
91‐691‐6751 LEGAL SERVICES Professional legal services $ 7,500 $ 429 $ 7,500 $ 7,500
91‐691‐6755 BOND BRIDGE PAYMENTS Bond Payment 02/15/20 & 08/15/20 $ 34,998 $ 30,516 $ 34,998 $ 35,164
Seminars, classes, certifications, on‐site EDC training, TAPE,
91‐691‐6830 OUTSIDE TRAINING EXPENSE Public Participation Training $ 7,500 $ 1,765 $ 7,500 $ 7,000
91‐691‐6831 LOCAL BUSINESS EDC LUNCHEON Local Business Qtrly Meetings, Annual Meeting/Awards $ 10,000 $ ‐ $ 10,000 $ 10,000
91‐691‐6890 OTHER MISCELLANEOUS EXPENSE Misc. expenses to include business lunches, board dinners $ 2,000 $ 4,222 $ 2,000 $ 2,000
91‐691‐6891 TRANSFERS OUT INDIRECT COSTS Transfer Out to Gen Fund ‐ Audit, admin, reporting costs $ 12,000 $ 12,000 $ 12,000 $ 15,000
91‐691‐9211 TOWN BEAUTIFICATION Gateway signage and beautification projects, façade grants $ 100,000 $ ‐ $ 100,000 $ 100,000
91‐691‐9422 CAPITAL IMPROVEMENTS Infrastructure improvements $ 100,000 $ ‐ $ 100,000 $ 450,000
91‐691‐9424 INCENTIVES Incentives $ 125,000 $ ‐ $ 375,000 $ 500,000 $ 500,000
Chamber support (Moved to 691‐6513 Dues, Subscriptions,
91‐691‐9425 SUNNYVALE CHAMBER SUPPORT/MEMB Memberships) $ 1,000 $ ‐ $ 1,000 $ ‐
91‐691‐9426 INCENTIVE ASSIGNED HOPE DEVELOPMENT INCENTIVE ‐ SUNNYVALE PARK SQUARE $ 187,500 $ 93,750 $ 187,500 $ ‐
TOTAL EXPENSES ‐ 4A EDC $ 694,400 $ 189,364 $ 375,000 $ 1,069,400 $ 1,223,374
$ (259,133) $ 155,149 $ (307,250) $ (566,383) $ (290,614)
$ (71,633) $ (378,883)
07/02/20198:37 AM

[PAGE 17]
Town of Sunnyvale
4. July 10, 2019
Prepared By:
Summary:
DISCUSS, CONSIDER AND ACT UPON UPDATE REGARDING TOWN
COUNCIL RECOMMENDATION TO STAFF ON FUTURE ACTIONS RELATED
TO SALES TAX UTILIZATION.
Staff Recommendation:
None.
Background & Analysis:
Review Council agenda item regarding this item from Monday, July 8, 2019.
Fiscal Impact:
Attachments: