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Council finds Emerald Perspective Cooperative out of compliance with development agreement after state action; 30-day cure period set
Summary
City staff reported Emerald Perspective Cooperative missed payments and state tax authority revoked seller permits; council adopted a resolution finding the cannabis business out of compliance, triggering a 30‑day cure window before termination of the agreement.
The Port Hueneme City Council on Tuesday adopted a resolution finding Emerald Perspective Cooperative Inc. out of compliance with its development agreement after staff said the business missed a contractual payment plan and the California Department of Tax and Fee Administration revoked seller permits.
Staff told council the business failed to make required payments under a previously approved payment plan and also lacked a current city business license. City auditors reported outstanding amounts totaling roughly $78,036 that include a 5 percent-gross-revenue fee spelled out in the development agreement, accumulated interest and past-due business license and review fees.
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