FROM:
Planning Department
SUBJECT:
Title
Adoption of Ordinance No.1949 (Second Reading), Approve a Development Agreement with HS Fontana Retail, LLC.
End
RECOMMENDATION:
Recommendation
Adoption of Ordinance No. 1949 on Second Reading, Pursuant to an Exemption from the California Environmental Quality Act, Approving a Development Agreement with HS Fontana Retail, LLC, concerning a retail cannabis business and Direct Staff to File a Notice of Exemption.
End
COUNCIL GOALS:
• Promote economic development by concentrating on job creation.
• To promote economic development by pursuing business retention, expansion, and attraction.
• To promote economic development by striving to constantly improve the city's competitiveness.
DISCUSSION:
Ordinance No. 1949 was introduced by a vote of 4-0 at the April 23, 2024, Regular City Council meeting.
FISCAL IMPACT:
New revenue, in the form of special fees paid to the City, resulting from execution of this Development Agreement is currently projected to exceed $700,000 annually.
MOTION:
Approve staff recommendation.