Exhibit CC 10-15-13 Item #9 CCC Statement
Traffic
Financial
Property Tax
the annual property tax revenue from parcel apn 316-07-044,
the site of Apple Campus 2 Main Building and the fitness
center, does not go to Cupertino school districts,
Cupertino Union elementary, Fremont Union high school,
Foothill- De Anza community college.
Sales Tax Agreement
Concerned with the comment that t4hie.. L@t"s"sz"st -anAAr%-O Apple (will assist) in
any administrative proceedings by the Board of Equalization relating to
whether the City is the proper point of sale location.
Concerned with the recent history that:
"The Board of Equalization (BOE) is challenging the way sales tax had
previously been reported by one of our top sales tax generators. If the BOE
determines that the sales tax was reported improperly, it could result in the City
being required to pay back $10.6 million in prior years sales taxes in addition to
any subsequent revenues received from this company."
Source: 2013 -2014 Budget
City of Cupertino
Page 23 & 24
Construction sale and use tax may have similar issues and may not reach expectations.
Purchase of Pruneridge Avenue
Mitigation measures vs Community Benefits