FSP 07-27-2010 City of Cupertino
Fiscal Strategic Plan Committee
Minutes
July 27, 2010
1. CALL TO ORDER
At 3:07 p.m. Carol Atwood called the meeting to order at Cupertino City Hall, 10300
Torre Avenue, Conference Room B, Cupertino, CA.
2. ROLL CALL
Present: Kris Wang, Orrin Mahoney, Carol Atwood, Aarti Shrivastava, Kelly Kline,
David Woo
Absent: Roger Lee
3. APPROVAL OF MINUTES
Mayor Wang moved to approve the minutes of May 20, 2010. Councilmember Mahoney
seconded and motion passed unanimously.
4. ORAL COMMUNICATIONS - None.
5. WRITTEN COMMUNICATIONS - None.
6. OLD BUSINESS — None.
7. NEW BUSINESS
A. Identify Strategic Plan Recommendations to address HP move
Committee members discussed reasons and the timing of HP's move to Palo Alto, the
tax and revenue impacts of their leaving, the revenue impacts of possible new
businesses, and the real estate market for the property. After reviewing strategies to
address the move, the Committee will recommend that the City Council adopt fee
schedule increases for fiscal year 2010 -11, pursue Educational Revenue
Augmentation Fund property tax corrections with the State, and consider deferral or
elimination of various capital projects for 2010 -11.
B. Update Storm Drain Fee project
From their visit with City of Palo Alto officials, Carol Atwood and Kelly Kline
reported that citizen group backing was key to a successful storm drain fee election.
A mail -in ballot process involving property owners, requires a majority vote, and
appears to be the more feasible approach. The Committee agreed to pursue this
project.
8. ADJOURNMENT
The meeting was adjourned at 4:35 p.m.
David Woo, Finance Director