EDC 02-17-99
City of Cupertino
Economic Development Committee
Regular Meeting
February 17, 1999
1.
CALL TO ORDER
At 7:39 a.m. Carol Atwood called the meeting to order in Conference Room A, Cupertino
City Hall, 10300 Torre Avenue.
ROLL CALL
2.
City Staff: Carol Atwood, Don Brown, Bob Cowan, Steve Dowling, Dorothy Steenfott,
Bert Viskovich
Chamber: Linda Asbury, Bill Jones, Donna Lawler
City Council: Sandra James, John Statton
Absent: Paula Davis
3.
NEW BUSINESS
A.
Economic Summit
The committee discussed doing an economic summit. It was suggested to have a
more focused session related to the specific topic of strip center revitalizatiòn and
then doing a summit with the shopping center owners regarding the outcome of
the focused session.
B.
Internet Sales Tax
Carol Atwood updated the committee on internet sales tax. She reported that the
City is receiving internet sales tax from Symantec on items that are shipped within
the state. She stated that tax cannot be collected on products shipped out of
California or software that is downloaded directly to the client.
Shopping Center Owner/Manager Meeting Update
c.
Bob Cowan reported that the meeting went well. He stated that the major
outcome of the meeting was a suggestion to get all the brokers together to develop
incentives for owners of older centers to invest in updating their centers.
D.
Sales Tax Update
Carol Atwood reported that Apple Computer is still leading the top 40 sales tax
producers. John Statton suggested that staff prepare a policy for an Internet Tax
Incentive program.
4.
OLD BUSINESS
A.
Status of Key Development Activity
Vallco expansion is still under discussion.
Don Brown reported that the developer for City Center is still interested in a
boutique hotel and to complete the site with a long-term stay component and
apartments.
February 17, 1999
Economic Development Committee
Page 2
B.
Corporate ContactlKey Projects Updates
Steve Dowling reported on a meeting he had with Bud Hoffman, owner/manger of
Any Mountain. He stated that they'd like to have a permanent retail presence in
Cupertino.
5.
6,
MISCELLANEOUS COMMITTEE UPDATES
ADJOURNMENT
The meeting was adjourned at 8:45 a.m.
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