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EDC 10-21-98 City of Cupertino Economic Development Committee Regutar Meeting October 21, 1998 1. CALL TO ORDER At 7 :39 a.m. Carol Atwood called the meeting to order at Cupertino City Hall, 10300 Torre Avenue, Conference Room A, Cupertino. 2. ROLL CALL City Staff: Carol Atwood, Don Brown, Bob Cowan, Steve Dowling, Dorothy Steenfott, Bert Viskovich Chamber: Linda Asbury, Paula Davis, Bill Jones City Council: Sandra James Absent: Bob Cowan, Donna Lawler, John Statton 3. NEW BUSINESS A. Fast 50 Event Linda Asbury reported the event was very nice. She stated that she and Sandra James were able to sit at DSP's table. B. Site Visits Carol Atwood distributed congratulatory cards and gift baskets to members of the committee who will present them to the following companies: CKS, DSP, Rationale, Any Mountain, Shane Company, and Hilton Gardens. 4. OLD BUSINESS A. Status of Key Development It was reported that Macy's at Valleo will be hosting the Chamber Mixer on November 4 and will hold its grand opening on November 7. Don Brown stated that a public announcement from The Jacobs Group would be made soon stating that they are now the new owners ofVallco. It was also reported that the Hilton Garden Inn is open on all floors except the sixth. B. Corporate Contact Updates Carol Atwood stated that the Gateway sales tax will go to the place the merchandise is shipped according to a state audit. The City will continue to work with the State and Gateway Computers to change the current method of reporting sales tax. Sandra James reported that Silicon Image has invited her to visit their company and that they are planning to expand their operations in Cupertino. October 21, 1998 Economic Development Committee Page 2 5. MISCELLANEOUS COMMITTEE UPDATES Carol Atwood distributed a copy of the current rates for office space. She stated that the rates have gone up compared to other cities, but it does not appear that that has prevented people from coming to Cupertino. 6. ADJOURNMENT The meeting was adjourned at 8:20 a.m. .it