City Council
MEETING DATE: 12/14/2016
TITLE:
Title
Business Relocation Assistance Program
End
FROM:
Charlie McClendon, City Manager
RECOMMENDATION:
Recommendation
This item is presented for information, discussion and direction only.
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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.
DISCUSSION:
Staff has identified the following possible program parameters for discussion by Council. Once Council has provided their input a formal resolution establishing the program policies will be brought forward for Council action, most likely on January 11, 2017.
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 remaining term of the lease. Payment received will be deducted from the eligible relocation expenses.
d. A copy of the new lease for the property to which the business has relocated. The new location ...
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