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EDC 09-03-97 City of Cupertino Economic Development Committee Regular Meeting September 3, 1997 1. CALL TO ORDER At 7:42 a.m. Carol Atwood called the meeting to order in Conference Room A of Cupertino City Hall, 10300 Torre Avenue, Cupertino. 2. ROLL CALL City Staff: Carol Atwood, Steve Dowling, Dorothy Steenfott, City Council: Wally Dean, Lauralee Sorensen Absent: John Bautista, Don Brown, Bob Cowan, Tom Hall, Donna Lawler, George Steele, John Statton, Bert Viskovich 3. NEW BUSINESS A. Joint Venture Fast 50 Event Carol Atwood reported that CKS and NetManage have won again this year. Councilmember Burnett will represent the City at the Fast 50 event later this month and we will be sending them a congratulatory gift basket. 4. OLD BUSINESS A. Valleo Update Carol reported on a meeting that was held with a consultant to discuss the possibility of forming a redevelopment agency. She stated that the entire process will take two years and that we will probably use Valleo as the project area. She also stated that the other taxing agencies do not hold any veto power due to new legislation regarding redevelopment agencies. Don Brown will be meeting with each city council member to discuss the issue. B. Sedway Report ReviewfUpdate Continued to September 17. 5. ADJOURNMENT The meeting was adjourned at 8:00 a.m.