RECOMMENDATION(S):
APPROVE and AUTHORIZE the Conservation and Development Director, or designee, to execute a community benefits agreement with The Artist Tree V, LLC, effective upon approval of a use permit, to pay the County amounts based on annual sales and provide specified community benefits in connection with The Artist Tree V's storefront commercial cannabis dispensary, El Sobrante area.
FISCAL IMPACT:
Approval of this agreement will allow the County to receive from The Artist Tree V LLC (TAT) on an annual basis an amount equal to the greater of two percent (2%) of the Dispensary’s Gross Sales during the Operating Year, or the fixed amount for the Operating Year set forth in the attached Community Benefit Agreement. However, if the fixed amount is greater than three percent (3%) of Gross Sales during the Operating Year, TAT will pay the County a payment for that Operating Year equal to three percent (3%) of Gross Sales during the Operating Year. These payments may be used by the County to fund services and programs and for other purposes that benefit the community.
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