City of Austin Economic Development Proposal for Apple Inc. - Notice of Public Comment Period and City Council Meetings

The City of Austin process for the review of economic development proposals includes two City Council meetings as follows:

• (First Meeting) Placing the economic incentive proposal for Apple Inc. on the City Council agenda as a time-certain agenda item with staff presentation, allowing for public comment. • (Second Meeting) A public hearing and City Council action occurring at the next City Council meeting after the agenda item with staff presentation.

The process also includes providing economic development proposal information in advance of the two City Council meetings as follows: • Making available to the public the economic incentive proposal, back-up materials, and all unrestricted information relevant to the proposal no later than the sixth day before the agenda item with staff presentation. • Posting to the public the economic incentive proposal, back-up materials, and all unrestricted information relevant to the proposal on the Economic Growth and Redevelopment Services Office website, in a manner that allows the public to provide written comment. The written comments will be collected and reviewed by staff and provided to City Council in a timely manner.

PUBLIC COMMENT PERIOD

The Economic Growth and Redevelopment Services Office will have a public comment period commencing March 9, 2012 regarding an economic development proposal between the City of Austin and Apple Inc. The public comment period will commence at 11:30 a.m. on Friday, March 9, 2012 and continue through 5:00 p.m. on Sunday, March 18, 2012. All written comments will be provided to City Council on Monday, March 19, 2012.

ECONOMIC DEVELOPMENT PROPOSAL INFORMATION

Please review details on the economic development proposal between the City of Austin and Apple Inc.:

1. Business Information Form – Apple Inc.
2. Matrix Score – Apple Inc.
3. Proposed Economic Development Agreement – Apple Inc.
4. WebLOCI Summary Report (Phase I and II) – Apple Inc.
5. Economic Development Proposal Summary – Apple Inc.

STAFF PRESENTATION (FIRST MEETING) The City of Austin will hold a specially-called City Council meeting at which time staff will provide a briefing on the Apple Inc. economic development proposal.

• Thursday, March 15, 2012 at 10:00 a.m. at Austin City Hall, City Council Chambers, 301 W. Second Street.

PUBLIC HEARING AND CITY COUNCIL ACTION (SECOND MEETING) The City of Austin will hold a regularly scheduled City Council meeting at which time a public hearing will be held to receive public comments on the proposed economic development proposal. All interested parties are invited to attend the hearing. The City Council will also take action at this meeting. The regularly scheduled City Council meeting and public hearing will be held:

• Thursday, March 22, 2012 at Austin City Hall, City Council Chambers, 301 W. Second Street.