City Council
MEETING DATE: 1/11/2017
TITLE:
Title
Business Relocation Assistance Program
End
FROM:
Charlie McClendon, City Manager
RECOMMENDATION:
Recommendation
Staff recommends the City Council approve a resolution establishing the Business Relocation Assistance Program.
Body
BACKGROUND:
On October 26, 2016, Council approved an amendment to the FY16-17 budget that included $50,000 for establishing a fund to provide relocation assistance to businesses needing to relocate as the result of a cannabis business moving into their existing location. Staff was asked to develop proposed procedures for administering the relocation assistance program for future consideration by Council. The budget amendment established the funding in the general fund using revenues anticipated to be generated through taxes paid by cannabis businesses. Staff presented the proposed procedures for the program in Study Session on December 14, 2016 during which time the Council provided suggested revisions to the program and asked staff to place it on the agenda for formal action at tonight's meeting.
DISCUSSION:
The following are the proposed guidelines for the program as presented by staff on December 14 and including the changes suggested by Council during the Study Session:
1. The relocation assistance program is not available to owner-occupied businesses who sell their property to a cannabis business.
2. Businesses (lessee) having a lease that is terminated by the landlord (lessor) in favor of a cannabis business shall submit the following documentation along with their request for assistance:
a. A copy of the lease that was in effect at the time of termination and a copy of the notice of termination.
b. Receipts documenting all non-refundable relocation expenses for which the business is requesting reimbursement assistance. Refundable deposits are not an eligible expense.
c. Documentation of any payment received from the lessor as compensation for the remai...
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