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Economic Development and Finance Committee

Tuesday, April 9, 2019 · 3:30 PM AM · 333 W. Ocean Boulevard Council Chamber

TL;DR

The Economic Development and Finance Committee met to review the city's economic development blueprint and discuss a potential pilot program for non-retail cannabis business taxation. The committee approved the minutes from a previous meeting and received an update on the city's economic development strategy.

Key Decisions

  • Approve previous meeting minutes Passed
  • Receive Economic Development Blueprint status update Passed
  • Cannabis business tax pilot program feasibility study Passed (with amendment to include tax rate comparisons)
Agenda PDF Minutes PDF

Agenda

  1. FINISHED AGENDA & MINUTES
  2. CALL TO ORDER (3:33 PM)
  3. ROLL CALL (3:33 PM)
  4. Also present: John Keisler, Director of Economic Development; Amy Webber, Deputy City Attorney; Tamela Austin, City Clerk Specialist.
  5. REGULAR AGENDA (3:33 PM)
  6. PUBLIC COMMENT (4:09 PM)
  7. ADJOURNMENT (4:09 PM)
  8. CALL TO ORDER
  9. ROLL CALL
  10. REGULAR AGENDA
  11. 1. Recommendation to approve the minutes of the Economic Development and Finance Committee meeting held Tuesday, May 1, 2018.
    Agenda Item
    Action: approve recommendation Passed

    A motion was made by Chair Richardson, seconded by Member Uranga, to approve recommendation. The motion carried by the following vote:

  12. 2. Recommendation to receive and file a status update on the implementation of the City of Long Beach's Economic Development Blueprint.
    Agenda Item
    Action: approve recommendation Passed

    A motion was made by Chair Richardson, seconded by Vice Chair Mungo, to approve recommendation. The motion carried by the following vote:

  13. 3. Recommendation to receive a report from staff on the feasibility of the creation of a 24-month pilot program to expand the tax base of non-retail cannabis businesses by streamlining processes, adjusting tax rates, and providing incentives, and provide further input and direction to staff on development of a pilot program.
    Agenda Item
    Action: approve recommendation Passed

    A motion was made by Chair Richardson, seconded by Member Uranga, approved recommendation, as amended, to include the tax rates by jurisdiction for all cities in LA County. The motion carried by the following vote:

  14. PUBLIC COMMENT
  15. ADJOURNMENT
  16. I, Tamela Austin, City Clerk Specialist, certify that the agenda was posted not less than 72 hours prior to the meeting.
  17. Untitled item