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EDC 08-06-97 City of Cupertino Economic Development Committee Regular Meeting August 6.1997 1. CALL TO ORDER At 7:39 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, Bob Cowan, Dorothy Steenfott. Bert Viskovich Chamber of Commerce: Tom Hall, Donna Lawler, George Steele, John Statton City Council: John Bautista, Lauralee Sorensen Absent: Don Brown, Steve Dowling 3. OLD BUSINESS A. Vallco Update Carol Atwood reported on a meeting that was held with Teachers Pension and reviewed the list of action items that the City may use. She stated that it appears that Federated is in violation of the REA (Reciprocal Easement Agreement) because the lease requires that the space be used for high-end retail. Lauralee Sorensen agreed to contact Joe Simitian to alert him to our situation and John Statton will contact Cuneen. The committee agreed to wait until the temporary restraining order is in place before making any press releases regarding Federated's attempts to downgrade the mall. B. Brochure Carol Atwood distributed the new economic development brochure to the committee. The committee members were pleased with the final product. Carol stated that the inserts are currently being worked on, but the jackets can be used for other mailouts as well. 4. MISCELLANEOUS COMMITTEE UPDATES Bob Cowan reported that the Sedway Study will be reviewed at the next meeting. He suggested that the meeting be scheduled for two hours and asked the committee to review copies of the report for the next meeting. 5. ADJOURNMENT The meeting was adjourned at 8:26 a.m.