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<br /> REPORTER'S TRANSCRIPT OF PROCEEDINGS TAKEN 5-24-04 <br />1 sooner rather than later, but there's no reason for <br />2 the city to have any liability for it. <br />3 The other thing that I think you should <br />4 have in the Development Agreement is that contrary <br />5 to Prop 13, all nonresidential areas of this be <br />6 reassessed every seven years or upon sale, <br />7 whichever comes first. And I think you can <br />8 contract around Prop 13. <br />9 Something like Oracle will never be <br />10 reassessed, it will never change hands. The part <br />11 of this which is corporate owned will similarly <br />12 never change hands. Someone talked about the City, <br />13 the cost of this, well, this is one way to protect <br />I, <br />14 it. <br />15 Basically I voted for all of you, some of <br />16 you several times, not in the same election, but I <br />17 'vo t e d for you to protect us from this not to <br />18 encourage it. <br />19 And I hope you're going to do that. <br />20 ,Essentially this is a land use issue, and <br />21 we've got a decision to be made here on the use of <br />22 this land which is going to affect the entire City <br />23 eventually. I think voting for it by the City <br />24 might bring in a lot of debate and that might be a <br />25 good thing. <br /> UCCELLI & ASSOCIATES 129 <br /> (650) 952-0774 <br /> _. <br />