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Waive First Reading and Introduce an Ordinance (Attachment 1) adding: <br />1. Section 2.41.13 to Chapter 2, Article IV of the Redwood City Municipal <br />Code to establish a Fiduciary Trust Fund in the City's financial system to <br />be known as Section 115 Trust Account Fund; and <br />2. Section 2.41.14 to Chapter 2, Article IV to the Redwood City Municipal <br />Code to establish a Special Revenue Fund in the City's financial system <br />to be known as Other Restricted Donations and Grants Fund; and <br />3. Section 2.41.15 to Chapter 2, Article IV to the Redwood City Municipal <br />Code to establish a Capital Projects Fund in the City's financial system to <br />be known as PEG Fees Fund <br />AN ORDINANCE OF THE CITY OF REDWOOD CITY ADDING SECTIONS <br />2.41.13 THROUGH 2.41.15 TO CHAPTER 2, ARTICLE IV, TO THE CITY OF <br />REDWOOD CITY MUNICIPAL CODE TO ESTABLISH: (1) A FIDUCIARY FUND <br />FOR THE RECORDING AND HANDLING OF ACTIVITIES OF THE FUND <br />KNOWN AS THE SECTION 115 TRUST ACCOUNT FUND; (2) A SPECIAL <br />REVENUE FUND FOR THE PURPOSE OF RECORDING AND HANDLING OF <br />ACTIVITIES OF THE FUND KNOWN AS THE OTHER RESTRICTED <br />DONATIONS AND GRANTS FUND; AND (3) A CAPITAL PROJECTS FUND FOR <br />THE PURPOSE OF RECORDING AND HANDLING OF ACTIVITIES OF THE <br />FUND KNOWN AS THE PEG FEES FUND <br />MINUTE ORDER 18-136 <br />B. Adoption of an Ordinance Amending Zoning Ordinance Article 59 to <br />Allow Cannabis Businesses in the Commercial Office (CO) Zoning <br />District and an Ordinance Amending Municipal Code, Chapter 32, <br />Article V, Division 7 (Regulation of Cannabis Businesses) Municipal <br />Code (301) <br />Recommendation: <br />Waive the Second Reading and Adopt an Ordinance Amending the Zoning <br />Ordinance Article 59 (Cannabis Cultivation and Commercial Cannabis <br />Activity) and an Ordinance Amending Municipal Code, Chapter 32, Article V, <br />Division 7 (Regulation of Cannabis Businesses) Municipal Code, and find <br />that the projects are exempt from the requirements of CEQA under Section <br />26055(h) of the Business and Professions Code <br />AN ORDINANCE NO. 2451 OF THE CITY COUNCIL OF THE CITY OF <br />REDWOOD CITY AMENDING DIVISION 7 (REGULATION OF CANNABIS <br />BUSINESSES) OF ARTICLE V OF CHAPTER 32 OF THE MUNICIPAL CODE OF <br />REDWOOD CITY <br />C. Second Reading (Adoption) of City Code Amendments, Regarding <br />Minimum Lease Terms and Relocation Assistance (301) <br />Recommendation: <br />JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ July 23, 2018 <br />PUBLIC FINANCING AUTHORITY MEETING AGENDA PAGE 6 <br />