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EDC 08-18-99 City of Cupertino Economic Development Committee Regular Meeting August 18, 1999 1. CALL TO ORDER At 7:37 a.m., Carol Atwood called the meeting to order in Conference Room A, Cupertino City Hall, 10300 Torre Avenue. 2. ROLL CALL City Staff: Carol Atwood, Don Brown, Bob Cowan, Steve Dowling, Bert Viskovich Chamber: Linda Asbury, Bill Jones, City Council: Sandra James Absent: Paula Davis, Donna Lawler, John Statton, Dorothy Steenfott 3. NEW BUSINESS Ms. Sabovich, California Trade and Commerce Agency explained her role with the agency as to I) attraction of business to California and 2) existing State incentives. It was suggested that we work with local commercial brokers to provide weekly available space. Carol Atwood reviewed the workforce review information and suggested that it be placed on the City's website. The Glendale Neighborhood Revitalization Program status report was postponed to the September meeting. The latest top 40 sales tax producers list was distributed to the committee. 4. OLD BUSINESS CKS would like 50,000 more square feet to move Santa Clara employees to Cupertino. Total space needs are 150,000 square feet. Discussion regarding the Internet sales tax incentive site visits occurred. Several committee members have had very successful meetings with firms in discussing this program. It was suggested that additional training on the incentive program be done at the September meeting so that all members feel more confident about the information they are introducing. Don Brown gave an update on Valleo and stated that the owners are showing serious commitment to the project by pursuing redevelopment, anchor stores, etc. The proposed site plans are due to the City this month. August 18,1999 5. ADJOURNMENT Economic Development Committee The meeting was adjourned at 8:50 a.m. Page 2 Dorothy Steenfott, City Staff