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Council approves two development agreements for Olympic Drive cannabis suites with lower fee rate

Clear Lake City Council · December 5, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Clear Lake approved two development agreements converting existing cannabis use permits to new operators at Olympic Drive; the city set a 1% development-agreement fee (down from prior 5%) for three-year agreements with extension options.

The council approved two development agreements for existing permitted commercial cannabis suites at the Olympic Drive Industrial Plaza. Staff explained the city municipal code requires permitted cannabis projects to execute a development agreement when a new operator takes an issued use permit;…

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