RDA 06-07-05
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CUPEIQ"INO
APPROVED MINUTES
CUPERTINO REDEVELOPMENT AGENCY
Regular Meeting
Tuesday, June 7, 2005
CALL TO ORDER
Chairperson Patrick Kwok called the meeting to order at 10:12 p.m. in the Community Hall
Council Chamber, 10350 Torre Avenue, Cupertino.
ROLL CALL
Redevelopment Agency members present: Chairperson Patrick Kwok, Vice-Chair Richard
Lowenthal, and Agency members Dolly Sandoval, Kris Wang, and Sandra James. Agency
members absent: None.
NEW BUSINESS
A. Approve the minutes from the June 17 and 21,2004 meetings.
Sandoval/James moved and seconded to approve the minutes as presented. The motion
carried unanimously.
8. Review the Cupertino Redevelopment Agency Operating Budget for 2005-06. (No
documentation in packet).
Finance Director Carol Atwood said that this budget was included in the City of
Cupertino's Community Development budget that Council reviewed earlier this evening,
a line item of $56,828.00. She said that the agency has not received sufficient tax
increment revenue to cover the costs to date but she anticipated that payback to the
General Fund would begin in two or three years after build-up of the Valleo
infrastructure.
James/Sandoval moved to approve the proposed budget. The motion carried
unanimously.
June 7, 2005
Cupertino Redevelopment Agency
Page 2
ADJOURNMENT
At 10: 15 p.m. the meeting was adjourned.
Clerk
For more information: Staff reports, backup materials, and items distributed at the meeting are
available for review at the City Clerk's Office, 777-3223, and also on the Internet at
www.cupertino.org.Click on Agendas & Minutes/ City Council/ Packets.
Most Council/Redevelopment meetings are shown live on Cable Channel 26, and are available at
your convenience from our web site. Visit www.cupertino.org and click on Watch Meetings.
Videotapes are available at the Cupertino Library, or may be purchased from the Cupertino City
Channel, 777-2364.