My WebLink
|
Help
|
About
|
Sign Out
Home
Finance Highlights 2016 0315
CityHall
>
City Clerk
>
City Council
>
Committees
>
Finance Committee
>
Finance Highlights 2016 0315
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/5/2019 10:18:49 AM
Creation date
4/14/2016 10:33:28 AM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
3/15/2016
Retention
PERM
Document Relationships
_CC Agenda 2016 0418 CS+RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0418
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
17
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Download electronic document
View images
View plain text
CITY OF SAN LEANDRO <br />A M•:GLTI►A <br />DATE: March 15, 2016 <br />TO: City Council Finance Committee <br />FROM: Chris Zapata, City Manager <br />BY: Eric Engelbart, Deputy City Manager <br />SUBJECT: Cannabis Tax Discussion <br />SUMMARY AND RECOMMENDATION <br />Staff recommends that the Finance Committee direct City staff to proceed forward with the <br />next steps necessary for the City Council to bring before San Leandro voters a cannabis -related <br />business tax on the November 8, 2016 ballot. <br />BACKGROUND <br />On September 8, 2015, the City Council awarded the City's first medical cannabis dispensary <br />permit to Harborside San Leandro. At the October 5, 2015 and November 2, 2015 regular City <br />Council meetings, several members of the Council expressed interest in modifying the adopted <br />ordinance to facilitate the approval of a second dispensary. Then on December 21, 2015, the <br />Council unanimously adopted a motion directing staff to bring forward amendments to the <br />adopted Medical Cannabis Dispensary Ordinance to permit the second dispensary. As part of <br />that action, the Council also directed the Rules Committee to develop a process for selecting <br />the business team who would be authorized to operate that second dispensary. On January 13, <br />2016, the Rules Committee considered the matter and its recommendations were then <br />discussed by the City Council and adopted at its February 16, 2016 meeting. <br />DISCUSSION <br />In light of the fact that the City of San Leandro does not presently have in place a gross receipts <br />tax on sales of cannabis (which is commonplace in other California jurisdictions that have <br />allowed dispensaries to operate), the City negotiated a financial commitment from Harborside <br />San Leandro to contribute 4% of its gross receipts to a community benefits fund, 80% of which <br />would be donated to local non-profit organizations. In addition, the dispensary will voluntarily <br />donate another 1% of gross receipts (estimated to generate $71,800 in 2017) and 10% of net <br />income (estimated to generate $45,000 in 2017) to the City of San Leandro. <br />
The URL can be used to link to this page
Your browser does not support the video tag.