City Council Minutes 2019 06 11 - Laserfiche WebLink

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City Council Meeting Minutes June 11 2019 Page 10 of 15 Councilmember Maloney noted this vote is to approve the agreement between the LRC and Boulder Creek. If we want different terms it will have to come back to us He asked if Council can give input to the LRC to renegotiate the agreement. City Attorney Kelly stated if changes are substantial Council would probably need to give the LRC more time to discuss it and have a new draft brought back to both the LRC and the Council to consider Councilmember Maloney wants to be cautious about doing this from the dais without more information and deliberation He would like to see the third party financial review noted in the criteria, he would like to return the application to the LRC to apply the new criteria and bring it back. Mayor Muckle agreed He moved to continue the matter to September 17, 2019 Councilmember Keany seconded Councilmember Loo stated a negative picture has been painted of this building The flip side is even as an office building it might bring the daytime population we need to have the next development be all retail It doesn't have to be either/or Vote all in favor Members voted 7-0 to amend agenda to move item E up on the agenda to accommodate those in the audience DISCUSSION/DIRECTION — PROPOSED BALLOT QUESTIONS REGARDING IMPOSING AN EXCISE TAX ON RETAIL MARIJUANA CULTIVATION FACILITIES AND WHETHER OR NOT MARIJUANA CULTIVATION FACILITIES SHOULD BE ALLOWED IN INDUSTRIAL ZONE DISTRICTS City Attorney Kelly stated in early 2019, the City Council updated and amended its marijuana regulations City Council directed staff to draft a ballot question asking voters whether retail marijuana cultivation facilities should be allowed in the industrial zone districts and subject to an excise tax. Two draft ordinances are proposed with draft ballot language for City Council's consideration The draft ordinance includes proposed ballot language regarding imposing an excise tax only if retail marijuana cultivation facilities are permitted within the city The proposed tax rate is set at a percentage rate of 5% and City Council is authorized to increase percentage rate up to a maximum limit of 10% without further voter approval The tax would only be imposed if retail marijuana cultivation was permitted in the City which would happen by voter approval of the second ballot question or by other Council or voter action in the future The City is estimating excise tax revenue of $100,000 in the first full fiscal year but is recommending using an estimate of $200,000 to avoid a potential under estimate and refund Sample earmarking was included in the packet for Council review