Sugar Land 4B Corporation
	Agenda Request
Agenda Of:	10/17/07	Agenda Request No:		VI B
Initiated By:	Kimberly Terrell, parks development manager	Responsible Department:		Parks & Recreation
Presented By:	Kimberly Terrell, parks development manager	Department Head:		Joe Chesser, Director of Parks & recreation
		Additional Department. Head (s):		Bryan Guinn budget manager
Subject / Proceeding:	state highway 6 and highway 90a beautification Hold Public Hearing; approve resolution 07-10-03 funding state highway 6 and highway 90a beautifucation
Exhibits:	resolution 07-10-03
Clearances			Approval
Legal:	Eugenia Cano, Assistant City Attorney		Executive Director:	joe esch business & Intergov Rel.
Budget
Expenditure Required: $			N/a
Amount Budgeted/Reallocation: $			N/A
Additional Appropriation: $			N/A
Recommended Action
Hold public hearing and approve Resolution No. 07-10-03 in the amount of $385,000 for State Highway 6 and Highway 90A Beautification
Executive Summary
Construction of landscaping improvements to SH6 /90A overpass area.
Exhibits

RESOLUTION NO. 07-10-03k

A RESOLUTION OF THE SUGAR LAND 4B CORPORATION APPROVING PROJECT FUNDING FOR LANDSCAPING IMPROVEMENTS TO THE STATE HIGHWAY 6 AND U.S. 90A OVERPASS UNDER THE FUNDING AGREEMENT WITH THE CITY OF SUGAR LAND.

WHEREAS, the Sugar Land 4B Corporation entered into a Funding Agreement with the City of Sugar Land, Texas, dated December 12, 1995, to provide funding as requested by the City for projects authorized under section 4B of the Development Corporation Act of 1979 (the Act); and

WHEREAS, the City has requested that the SL4B fund the project described herein; and

WHEREAS, the Board of Directors of the SL4B finds that the project is authorized under and properly serves the purpose of section 4B of the Act as specified below; and

WHEREAS, notice of the project or general type of project was published on October 6, 2004, as required by section 4B (a-1) of the Act and the City of Sugar Land city council did not receive within 60 days of the published notice a petition from more than 10 percent of the registered votes of the City requesting that an election be held before the specific project or general type of project is undertaken; and

WHEREAS, the SL4B held a public hearing on this specific project on October 17, 2007; NOW, THEREFORE,

BE IT RESOLVED BY THE BOARD OF DIRECTORS

OF THE SUGAR LAND 4B CORPORATION:

Section 1. That in accordance with the Funding Agreement with the City of Sugar Land, it approves funding for the following improvements:

Description and Location of Project: Landscaping improvements to City-owned land at the State Highway 6 and U.S. 90A overpass to include trees, shrubs and irrigation.

Estimated Costs: $385,000

Schedule: Start Finish

September 2008 March 2009

Project Authorized Under: Art. 5190.6, Sec. 2 (11) (C):

"Project" also includes expenditures found by the board of directors to be required or suitable for infrastructure necessary to promote or develop new or expanded business enterprises limited to streets and roads, rail spurs, water and sewer utilities, and electric utilities, gas utilities, drainage, site improvements and related improvements, and telecommunications and Internet improvements, and beach remediation along the Gulf of Mexico.

APPROVED ON _________________________________, 2007.

__________________________

Tim Stubenrouch, President

Sugar Land 4B Corporation

ATTEST: Reviewed for Legal Compliance:

_____________________________

Thomas DeMont, Secretary/Treasurer