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OaklandRedevelopmentSuccessorAgencyAndCityCouncil,2020-05-12,"Special Concurrent Meeting of the
Meeting Minutes - FINAL
May 12, 2020
Oakland Redevelopment Successor
Agency/City Council
b
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)
20-0337
Attachments: View Cannabis Grant Report
View Cannabis Equity Grant Legislation
88107 CMS
This City Resolution be Adopted.
C
Subject:
Suspend Requirements And Use Of Reserve Funds In Consolidated Fiscal
Policy
From:
Finance Department
Recommendation: Adopt A Resolution: 1. Suspending Section 1, Part C Of The City Of
Oakland Consolidated Fiscal Policy (Ordinance No. 13487 C.M.S.), Which Requires A
Percentage Of The City's Excess Real Estate Transfer Tax To Be Allocated To The Vital
Services Stabilization Fund And Used To Fund Debt Retirement And Unfunded
Long-Term Obligations, For Fiscal Years 2018-19, 2019-20, And 2020-21; And 2.
Authorizing The Use Of Vital Services Stabilization Reserve Funds For Fiscal Year
2020-21 Pursuant To Section 2, Part B Of The City Of Oakland Consolidated Fiscal
Policy
20-0335
Attachments:
View Report
View Legislation
88108 CMS
This City Resolution be Adopted.
City of Oakland
Page 6
Printed on 7/2/2020",7,OaklandRedevelopmentSuccessorAgencyAndCityCouncil/2020-05-12.pdf