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Ordinance Amendment No. 2019-01 — Commercial Cannabis Ordinance Updates <br />July 16, 2019 <br />Page 10 <br />FISCAL IMPACT <br />There is no fiscal impact associated with approval of this action as projected revenues are <br />incorporated within the City's 2019-20 budget. Failure to adopt the above recommended action <br />items, however, would have a negative impact as a significant portion of the commercial <br />cannabis applicants awaiting adoption of those recommended items before committing to <br />entering the approval, permitting, and licensing process will defer or cancel their decision to enter <br />the Santa Ana market and anticipated revenues will not be realized. <br />Minh Thai <br />Executive Director <br />Planning and Building Agency <br />/z4� <br />Kathryn Dow s <br />Executive Director <br />Finance and Management Services Agency <br />AP:Ia <br />S:RFCA\07-16-19\Commercial Cannabis Ord UpdateslRFCA OA No 2019-01 cannabis chs 18 21 and 40 amendments 07162019 <br />Exhibits: 1. Ordinance — Amending certain sections of Chapter 21 (Finance) <br />2. Ordinance —Amending certain sections of Chapters 18 and 40 (Regulatory) <br />3. Resolution — Reducing the Commercial Cannabis Gross <br />Receipts Tax for testing laboratories from 5 percent to 2 percent <br />4. Resolution — Establishing a Canopy Measurement service fee and an <br />Allocated Square Footage Measurement service fee <br />WH:AP <br />75A-10 <br />