EDC 08-10-2010
City of Cupertino
Economic Development Committee
Regular Meeting
Minutes for August 10, 2010
1.CALL TO ORDER
At 3:40 p.m. Kelly Kline called the meeting to order in Conference Room C at City Hall.
2.ROLE CALL
City Staff: K. Kline, Ralph Qualls, Gary Chao, Traci Caton, Dave Knapp
Chamber: Lynn Ching
City Council- Gilbert Wong
Planning Commission: Lisa Giefer, Marty Miller
3.APPROVAL OF MINUTES
Approval of May’s minutes was continued to the November meeting
4.ORAL COMMUNICATIONS-
None
5.NEW BUSINESS
A.Economic Development Manager Report
Grand Openings: Sweet Passions at Crossroads, Liang’s Kitchen in Marketplace,
Venus Tam Café in the Oakmont Square Shopping Center, Moshi Moshi Japanese
Restaurant in Cupertino Village, and Peak’s Physical Therapy at De Anza Center.
Upcoming Grand Openings: Smoke Eaters in the former Miyaki’s site, Kee Wah
Bakery, and Nutrition Restaurant in Cupertino Village at the former Royal Teppan
Steak House.
Leases: Seagate is moving into Symantec building on De Anza in May, Apple is
currently performing TI’s on the other Symantec buildings at the corner of Torre &
Stevens Creek, HP’s employee credit union Addison Avenue is going into the former
Charles Schwab office near Blaney & Stevens Creek, Kiddie Academy is currently
performing TI’s on 8K of the 20K square feet at the Furniture 2000 location.
Hewlett Packard’s move – Kelly & Dave Knapp met yesterday with the Real Estate
team regarding HP’s plans for the announced consolidation of its Cupertino campus
to Palo Alto. They stressed that working with Cupertino has been a great
partnership, this is an internal decision, at this time the soonest they expect to be fully
moved out is October 2012, HP’s intention is to sell the site ‘as is’ and suggests
another meeting with the city this October to plan for the marketing of the site. The
City’s vision for the site remains consistent with the information given to the press:
to retain the industrial zoning and encourage a revenue generating buyer.
Extensions on entitlements: Shashi Hotel, Four Corners property on Tantau &
Stevens Creek, and Cupertino Village. Rosebowl is still working on financing for the
condos and may consider apartments for the short term.
Real Estate Notes: Owners of 7-11/Bombay Oven at Saich & Stevens Creek are
possibly moving forward on a development proposal, Barry Swenson is talking to the
City about both the site across from the Main Street site and the old Tomakazu site on
Alves behind Marina Foods, Mervyns was getting close to a deal which has since
fallen through and they are now working off their list of interested parties.
6.OLD BUSINESS
A.Vallco/Cupertino Square Update
Vallco has applied for both a Master Sign Program for changing the signs back to
Vallco from Cupertino Square and a Master Entertainment Permit to allow live
entertainment inside the mall. An Athletic Club is talking with Sears about co-
location. The parking garage on the corner of Wolfe & Vallco Parkway was recently
painted and the mall is taking measures improve the overall appearance of that area
until the future retails wrap is constructed.
B.Cupertino Restaurant Association Update
Survive to Thrive was a workshop offered in late June and was very well attended
with over 40 restaurants from Cupertino, Los Altos, & Mountain View. Briefly
mentioned the flyer for the Boot Camp on August 30 and the programs’ success so
far. Arya Global Cuisine is partnering with West Valley Community Services in a
two-night fundraising event. The new “Taste of Compassion” program had its debut
last month at Park Place.
C.City Updates
-Housing Element - Not discussed
-Green Building/Welo/DPP – Not discussed
-Budget Update – Not discussed
7.CURRENT DEVELOPMENT REPORT
A. Development Activity Report Presentation
Summer 2010 edition of the DAR included with the EDC agenda, specifically
mentioned that Menlo Equities has applied to modify the original development
approvals to allow commercial flexibility in the use of their retail pads which have
been difficult to lease.
B.Upcoming Development Projects for Planning Commission/City Council
Not discussed
8.MISCELLANEOUS COMMITTEE UPDATES
Chamber of Commerce Update
Upcoming Mixers: 8/11 @ Alexanders, 9/8 @ Strike, 10/13 @ BJ’s
Savory Summer Nights Debrief – not discussed
9.FUTURE ITEMS/CALENDAR
2010 EDC Meetings – 3:30 in Conference Room A:
-November 9
ICSC Northern CA Conference is in SF
10.ADJOURNMENT
The meeting was adjourned at 4:45 p.m.
___________________________
Kelly Kline
Economic Development Manager