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EDC 11-19-97 City of Cupertino Economic Development Committee Regular Meeting November 19,1997 1. CALL TO ORDER At 7:35 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, Robert Cowan, Steve Dowling, Dorothy Steenfott, Bert Viskovich City Council: John Bautista, Lauralee Sorensen Chamber: Tom Hall, Donna Lawler, George Steele Absent: Lauralee Sorensen, John Statton Guests: Rich Abdalah, Pam Marino 3. NEW BUSINESS A. Sign Exception - Eight Story Buildings at DeAnzalStevens Creek Bob Cowan reported on proposed sign plans for BEA, a computer firm that is interested in leasing the Apple Towers. The company is requesting that the sign be 48 inches instead of the standard 24 inch. The Planning Commission is meeting at the end of November and Bob felt an endorsement from the Economic Development Committee would be helpful. Tom Hall moved to support the sign exception. George Steele seconded and motion carried unanimously with Lauralee Sorensen and John Statton absent. B. Power Computing Carol Atwood reported on positive sales tax trends from Power Computing. She stated that the company could become the number two sales tax producer for the City ifthe trend continues and suggested that a site visit would be appropriate. 4. OLD BUSINESS A. Vallco Update Don Brown reported that Federated has announced that they are opening a full line Macy's store in Valleo. Federated plans to continue its operation of the clearance center through Christmas and should be opening the department store early next year. He also stated that Teachers Pension will become the owners of Vallco on December 3 and will be hiring new mall managers. November 19, 1997 Economic Development Committee November 19, 1997 5. MISCELLANEOUS COMMITTEE UPDATES A. Committee Membership Carol Atwood reported that there will be some council and chamber vacancies on the committee. Don Brown suggested waiting until January to discuss this item when council will have their committee assignments completed. Carol also reported that updates will be made to the City's website. She requested input from the committee before the next meeting on what they felt the web site should look like. 6. ADJOURNMENT The meeting was adjourned at 8:20 a.m.