File #: 21-0270    Version: Name:
Type: City Resolution Status: Passed
File created: 4/13/2021 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 5/4/2021 Final action: 5/4/2021
Title: Subject: 2021 Go-Biz Grant For Cannabis Equity Program From: Office Of The City Administrator Recommendation: Adopt The Following Pieces Of Legislation; 1) A Resolution Authorizing The City Administrator Or Designee To: (1) Apply For And Accept Two Million Four Hundred Thirty-Four Thousand Seven Hundred And Twelve Dollars And Fifty-One Cents ($2,434,712.51) In State Of California, Office Of The Governor “Go-Biz” Equity Act Grant Funds; And (2) Appropriate The Go-Biz Grant Funds By: (A) Providing Grants And/Or Loans In An Amount Not To Exceed One-Hundred And Fifty Thousand Dollars ($150,000) Per Grant Or Loan For Cannabis Equity Applicants And Licensees, To Be Determined And Without Return To Council, For Businesses’ Start-Up And Ongoing Costs In A Cumulative Amount Not To Exceed One Million Nine Hundred And Forty-Eight Thousand Four Hundred And Seventy-Five Dollars And Forty-One Cents ($1,948,475.41); (B) Funding Direct Technical Assistance To Cannabis Equity Applicants And Li...
Sponsors: Office Of The City Administrator
Attachments: 1. View Report, 2. View Attachment A, 3. View Attachment B, 4. View Attachment C, 5. View Attachment D, 6. View Attachment E, 7. View Resolution, 8. 88612 CMS
Related files: 21-0271

Title

Subject:                     2021 Go-Biz Grant For Cannabis Equity Program                     

From:                                          Office Of The City Administrator                                          

Recommendation: Adopt The Following Pieces Of Legislation;

 

1)                     A Resolution Authorizing The City Administrator Or Designee To:  (1) Apply For And Accept Two Million Four Hundred Thirty-Four Thousand Seven Hundred And Twelve Dollars And Fifty-One Cents ($2,434,712.51) In State Of California, Office Of The Governor “Go-Biz” Equity Act Grant Funds; And  (2) Appropriate The Go-Biz Grant Funds By:  (A) Providing Grants And/Or Loans In An Amount Not To Exceed One-Hundred And Fifty Thousand Dollars ($150,000) Per Grant Or Loan For Cannabis Equity Applicants And Licensees, To Be Determined And Without Return To Council, For Businesses’ Start-Up And Ongoing Costs In A Cumulative Amount Not To Exceed One Million Nine Hundred And Forty-Eight Thousand Four Hundred And Seventy-Five Dollars And Forty-One Cents ($1,948,475.41);  (B) Funding Direct Technical Assistance To Cannabis Equity Applicants And Licensees In An Amount Not To Exceed Two-Hundred And Forty-Three Thousand Four-Hundred And Seventy-One Dollars And Twenty-Five Cents ($243,471.25); And  (C) Funding Administration Of The Cannabis Equity Program In An Amount Not To Exceed Two-Hundred And Forty-Three Thousand Four-Hundred And Seventy-One Dollars And Twenty-Five Cents ($243,471.25); And