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REGULAR MEETING OF THE
FRISCO ECONOMIC DEVELOPMENT CORPORATION

FEDC OFFICES LOCATED 6801 GAYLORD PARKWAY, SUITE 200 FRISCO, TEXAS

WEDNESDAY, AUGUST 22, 2007 AT 6:30 P.M.

AGENDA

1. Call to order/Roll call
2. Recess into Closed Session in compliance with Section 551.001 et. Seq. Texas Government code, to wit:
   1. Section 551.086 Deliberation regarding commercial or financial information that the Board has received from a business prospect and to deliberate the offer or other incentives to a business prospect
   2. Section 551.072 To deliberate the purchase, exchange, lease or value of real property located:
      1. One or more parcels south of US380, west of Preston Road, east of FM423 and north of Stonebrook Parkway
   3. Section 551.074 To deliberate personnel matters
3. Reconvene into Regular Session and take any action required as a result of Closed Session
4. Consent Agenda:  (Items placed on the Consent Agenda are considered routine in nature and are considered non-controversial.  The Consent Agenda can be acted upon in one motion.  Any Board member may request an item be removed for discussion and separate action.  Board members may vote nay on any single item without comment and may submit written comments as part of the official record.)
   1. Consider and act upon July 18 Regular Meeting minutes and August 6 Special Meeting Minutes
   2. Consider and act upon July financial reports
   3. Consider and act upon payment of invoices

Regular Agenda: 

1. Citizen Input
2. Discussion and direction to FEDC Staff regarding the Performance and Lease Agreements between the Frisco EDC and North Texas Enterprise Center (NTEC).
3. Presentation from Janet Macubbin, Downtown Grants Coordinator for the City of Frisco.
4. Consider and act upon payment of Performance Agreement Incentive No. 1 to Sanyo Energy USA.
5. Consider and act upon Performance Agreement with Frisco Hotel Partners, LLC.
6. Consider and act upon the revision of the payment date of Incentive No. 1 for National Envelope Corporation.
7. Consider and act upon the First Amendment to the Development Agreement with SouthStar, LLC regarding construction of Cotton Gin Road.
8. Consider and act upon a one-year Luxury Suite contract with Texas Tornado Hockey for the 2007-2008 season.
9. Staff Reports Regarding:
   1. Marketing Report
   2. Business Development Report
   3. Business Retention and Expansion Report
   4. Construction Projects Report
   5. Calendar and Events
   6. General Information
10. Adjourn

CERTIFICATION
I hereby certify that the above notice of meeting was posted on the outside bulletin board at Frisco City Hall, 6101 Frisco Square Blvd., Frisco, Texas by 5:00 p.m., Friday,  August 17, 2007.

                                                                                                                                                           
James L. Gandy, President

If during the course of the meeting covered by this notice, the Board of Directors should determine that a closed or executive meeting or session of the Board of Directors or a consultation with the attorney for the FEDC should be held or is required, then such closed or executive meeting or session or consultation with attorney as authorized by the Texas Open Meetings Act, Texas Government code § 551.001 et seq., will be held by the Board of Directors at the date, hour and place given in this notice or as soon after the commencement of the meeting covered by this notice as the Board of Directors may conveniently meet in such closed or executive meeting or session or consult with the attorney for the FEDC concerning any and all subjects and for any and all purposes permitted by the Act, including, but not limited to, the following sanctions and purposes:

Texas Government Code Section:

1. Private consultation with the attorney for the FEDC.
2. Discussing purchase, exchange, lease or value of real property.
3. Considering the standards, guidelines, terms or conditions the Board of Directors will follow, or will instruct its representatives to follow, in consultation with representatives of employee groups.