96150 | 01/24/2020 | Ad id: 7-0000542359-01

CITY OF SOUTH LAKE TAHOE SUMMARY OF ORDINANCE 2020-1136 NOTICE IS HEREBY GIVEN that on January 14, 2020, the City of South Lake Tahoe City Council passed Ordinance 2020-1136 by the following vote: Yes: Collin, Laine, Middlebrook and Wallace Recuse: Bass First Reading: November 5, 2019 Published: January 3, 2020 Effective: February 13, 2020 "An Ordinance Approving a Development Agreement with Embarc Tahoe, LLC for the Development and Use of Property at 4035 Lake Tahoe Boulevard as a Retail Cannabis Dispensary & Delivery Service Business" City Attorney's Summary of Ordinance: "This ordinance approves a 5-year Development Agreement with Embarc Tahoe, LLC, for the operation of a retail cannabis dispensary and delivery service business in South Lake Tahoe with the potential for one 5-year extension. Embarc is proposing to operate a 1500 square foot retail cannabis storefront at 4035 Lake Tahoe Blvd. The Development Agreement is consistent with South Lake Tahoe City Code 6.55.790, et seq., which authorizes the execution of development agreements and sets forth the required content. Embarc will provide the City with a community benefit fee equal to 6% of gross receipts for retail sales." A copy of Ordinance 2020-1136 in its entirety is available for review in the City Clerk's Office located at City Hall, 1901 Lisa Maloff Way, South Lake Tahoe, California. Susan Blankenship Elected City Clerk City of South Lake Tahoe 1901 Lisa Maloff Way, Ste 206 South Lake Tahoe, CA 96150 (530) 542-6005 Publication: January 24, 2020 Ad #0000542359