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File #: 20-0337    Version: 1 Name:
Type: City Resolution Status: Passed
File created: 4/23/2020 In control: *Rules & Legislation Committee
On agenda: Final action: 5/12/2020
Title: Subject: Cannabis Equity Applicants and Licensee Grant Awards From: Office Of The City Administrator Recommendation: Adopt A Resolution Amending Resolution Number 88030 C.M.S., Which Among Other Things Authorized The Acceptance And Appropriation Of One-Million, Six-Hundred And Fifty-Seven Thousand, Two-Hundred And One Dollars And Sixty-Five Cents ($1,657,201.65) In State Of California, Equity Act Grant Funding To: Authorize The City Administrator Or His Designee To Award Said Grant Funds To Local Equity Licensees And Applicants To Be Determined And Without Return To City Council: (A) In An Amount Up To Fifty Thousand Dollars ($50,000) Per Grant To Fund Business Start-Up And Operating Costs; (B) In An Amount Up To Two Hundred And Fifty Thousand Dollars ($250,000) Per Grant For The Development And/Or Lease Of Commercial Kitchen(s) And To Fund Events Featuring Cannabis Equity Businesses; And (C) At A Cumulative Grant Amount For The Above-Mentioned Awards Not To Exceed One Million T...
Attachments: 1. View Cannabis Grant Report, 2. View Cannabis Equity Grant Legislation, 3. 88107 CMS

Title

Subject:                     Cannabis Equity Applicants and Licensee Grant Awards                     

From:                                          Office Of The City Administrator                                          

Recommendation: Adopt A Resolution Amending Resolution Number 88030 C.M.S., Which Among Other Things Authorized The Acceptance And Appropriation Of One-Million, Six-Hundred And Fifty-Seven Thousand, Two-Hundred And One Dollars And Sixty-Five Cents ($1,657,201.65) In State Of California, Equity Act Grant Funding To: Authorize The City Administrator Or His Designee To Award Said Grant Funds To Local Equity Licensees And Applicants To Be Determined And Without Return To City Council: (A) In An Amount Up To Fifty Thousand Dollars ($50,000) Per Grant To Fund Business Start-Up And Operating Costs; (B) In An Amount Up To Two Hundred And Fifty Thousand Dollars ($250,000) Per Grant For The Development And/Or Lease Of Commercial Kitchen(s) And  To Fund Events Featuring Cannabis Equity Businesses; And  (C) At A Cumulative Grant  Amount For The Above-Mentioned Awards Not To Exceed One Million Three Hundred Thousand Dollars ($1,300,000)