Title:
Title
Grant: California Bureau of Cannabis Control Local Equity Grant Funding Program
End
FileID
File ID: 2019-01542
Location
Location: Citywide
Recommendation:
Recommendation
Adopt a Resolution: 1) authorizing the City Manager, or the City Manager's designee, to execute any and all necessary documentation, including a standard agreement (Exhibit A), to accept the California Bureau of Cannabis Control Local Equity Grant in the amount of $1,197,119.34; 2) agreeing that the City and not the State of California is responsible for liability arising out of the performance of the standard agreement; 3) establish an operating grant project (G02420100) for the Bureau of Cannabis Control Local Equity Grant; and 4) establish the revenue and expense budgets in the operating grant project in the amount of $1,197,120.
Contact: Leyne Milstein, Assistant City Manager, (916) 808-8491; Christine Autio, Administrative Officer, Office of Cannabis Management, Office of the City Manager.
Body
Presenter: None.
Attachments:
1-Description/Analysis
2-Resolution
3-Description of CORE Business Reimbursement Program
4-Exhibit A
Description/Analysis
Issue Detail: The California Legislature has appropriated funds to the California Bureau of Cannabis Control (BCC) to provide grant funds to qualifying local jurisdictions that implement a local social equity program. The grant funds are intended to serve as financial assistance to local equity applicants.
On August 9, 2018, Council established the Cannabis Opportunity Reinvestment and Equity (CORE) Program to assist individuals who were negatively impacted by the disproportionate enforcement of cannabis-related crimes. The CORE program is designed to reduce the barriers of entry to CORE program participants by providing various forms of assistance which may include business plan development, access to capital, loan readiness, training, mentoring and technical support. CORE program participants receive priority...
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