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Laguna Beach approves economic development policy and retail recruitment effort; council authorizes one‑time program funding
Summary
Council approved a new economic development framework including fee waivers, expedited plan review, revenue‑sharing options and a retail consultant RFP; council authorized an initial program budget for the current fiscal year and directed staff to return with detailed financial safeguards.
The City Council on Feb. 25 approved a policy framework intended to reduce downtown and neighborhood commercial vacancies and to support business recruitment. The package includes (1) targeted fee waivers and reductions for qualified businesses, (2) an expedited plan review track for priority applicants, (3) revenue‑sharing agreements for negotiated…
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