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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
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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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