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<br /> REPORTER'S TRANSCRIPT OF PROCEEDINGS TAKEN 5-24-04 <br /> 1 And there's many reasons why at many <br />I 2 levels. One of the most' important, from a personal <br /> 3 perspective, is economic development. <br /> 4 Myself and Council Member Ruskin sat on a <br /> 5 task force about a year ago with Joint Venture <br /> 6 Silicon Valley Network. You talked to ten <br /> 7 different CEOs, I talked to labor leaders, I talked <br /> 8 to other elected officials, one of the reasons that <br /> 9 we're in such a difficult situation in attracting <br /> 10 quality companies to the area is because we can't <br /> 11 house their employees. That is a problem and it <br /> 12 will continue. <br /> 13 This is a project that has gone through <br /> 14 several reiterations, and I -- I think there comes <br /> 15 a point where nothing is perfect, life isn't <br /> 16 perfect, we weren't put here for it to all be <br /> 17 perfect. But we've got some really good things, <br /> 18 we're creating 1,900 housing units, we are <br /> 19 potentially bringing three million per year in <br /> 20 revenue to the City once it is developed, that's a <br /> . <br /> 21 tremendous physical impact. That sets aside the <br /> 22 one billion in investment that this company, <br /> 23 developer, whatever you want to call them, is <br /> 24 willing to invest in our community. <br /> 25 I -- I want to see those dollars. I want <br /> UCCELLI & ASSOCIATES 215 <br /> (650) 952-0774 <br /> .,- <br />