Title
A Resolution Rescinding Resolution No. 120-11 and Resolution No. 153-11 and Establishing Medical Marijuana Business Application and License Fees and Charges
Presenter:
Chris Wheeler, Senior Analyst, Fiscal & Strategic Planning Office, Finance
Nina Vetter, Strategic Plan & Business Process Administrator, Finance
Body
Summary:
The attached fee resolution and schedule establishes the proposed fees effective August 1, 2017, for the licensing of medical marijuana businesses. The attached proposed fee schedule (Exhibit A) reflects 98-100% cost recovery.
Previous Council Action:
The current Medical Marijuana Business Application and License Fees schedule was approved with the passage of Resolution 120-11 at the June 28, 2011 City Council meeting, followed by the passage of Resolution 153-11 at the September 13, 2011 City Council meeting. On May 30, 2017, The City Council Budget Committee unanimously approved the proposed fee changes.
Background:
The proposed fee schedule aligns with the City's Revenue Policy and User Fee Policy, ensuring that the City Clerk's Office is collecting fees at an appropriate cost recovery level. The 2017 fee schedule reflects a 98-100% cost recovery of all direct and indirect costs, at an increased level of service and enforcement. Finance staff has reviewed MMJ application and licensing fees for other comparable cities in Colorado, and the proposed fees are competitive. A comparison of the proposed fees to the current fees is found on the attached schedule (Exhibit B). This item supports the City's strategic goal of excelling in City services by supporting the initiative of evaluating regulations, fees, and rules using best practices.
Financial Implications:
The proposed fee schedule will generate an estimated and additional $282,200 in fee revenue in 2018.
Board/Commission Recommendation:
N/A
Stakeholder Process:
The attached information was presented to the Medical Marijuana Working Group meetin...
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