pages: RulesAndLegislationCommittee/2022-03-31.pdf, 9
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RulesAndLegislationCommittee | 2022-03-31 | *Rules & Legislation Committee Meeting Minutes - DRAFT March 31, 2022 3.18 Subject: 2022-2023 Go-Biz Grant For Cannabis Equity Program And Proposition 64 Grant From: Economic And Workforce Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Authorizing The City Administrator To: (1) Apply For And Accept Five Million Four Hundred And Thirty Five Thousand One Hundred And Forty Dollars And Eighty-Two Cents ($5,435,140.82) In State Of California, Governor's Office Of Business And Economic Development (Go-Biz) Equity Act Grant Funds; (2) Appropriate The Go-Biz Grant Funds By: (A) Providing Grants And/Or No-Interest Loans In An Amount Not To Exceed Two-Hundred And Fifty Thousand Dollars ($250,000) 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 Two-Million Four Hundred And Twenty-Eight Thousand Nine Hundred And Fifty-Three Dollars And Ten Cents ($2,428,953.10); And (B) Providing No-Interest Loans To Cannabis Equity Applicants And Licensees To Fund The Purchase Of Real Property For Use By Multiple Equity Applicants In An Amount Not To Exceed Two-Million Two Hundred And Fifty Thousand Dollars ($2,250,000); And (C) Funding Technical Assistance To Cannabis Equity Applicants And Licensees Through Shared-Use Manufacturing Facilities And Workforce Development Programs In An Amount Not To Exceed Five-Hundred And Forty-Three Thousand, Two Hundred And Seventy-Two Dollars And Thirty-Six Cents ($543,272.36); And (D) Funding Administration Of The City's Cannabis Equity Program In An Amount Not To Exceed Two Hundred And Twelve Thousand, Nine Hundred And Fifteen Dollars And Thirty-Six Cents ($212,915.36); And 22-0259 This City Resolution be Scheduled.to go before the *Special Community & Economic Development Committee to be heard 4/26/2022 City of Oakland Page 9 Printed on 4/5/2022 | 9 | RulesAndLegislationCommittee/2022-03-31.pdf |