HomeMy WebLinkAboutCC RES 2017-80RESOLUTION NO. 2017-80
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA ESTABLISHING THE CANNABIS COMPLIANCE FUND AND
COMMITTING THE MONIES WITHIN THE FUND FOR THE PURPOSE OF
COMPLIANCE AND ADMINISTRATIVE EXPENDITURES FOR ACTIVITIES
RELATED TO REGULATION OF THE PRODUCTION, DISTRIBUTION, AND
SALE OF CANNABIS AND CANNABIS -CONTAINING PRODUCTS
WHEREAS, the Governmental Accounting Standards Board (GASB) has issued
Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions; and
WHEREAS, Statement No. 54 redefines the categories and terminology used to
describe the components that make up a fund balance.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Desert,
California, that the following actions are hereby taken as follows:
Section 1. That the City Council finds that all the foregoing recitals are true and
correct and are hereby incorporated and adopted by the City Council as fully set forth
herein: and
Section 2. That the City establish the Cannabis Compliance Fund; and
Section 3. That the City commits the funds within the Cannabis Compliance Fund for
the purpose of compliance and administrative expenditures for cannabis related
activities.
Section 4. That the City Manager, the Director of Finance and their designees are
hereby authorized, jointly and severally, to execute and deliver any and all documents
necessary and to do all things which they deem necessary or proper in order to
effectuate the purposes of this Resolution and the actions contemplated hereby, and any
such actions previously taken by such officers are hereby ratified, confirmed and
approved.
PASSED, APPROVED AND ADOPTED by the City Council of the City of Palm Desert,
California, at its regular meeting held on the 14th of December, 2017 by the following vote to wit:
AYES: HARNIK, KELLY, NESTANDE, WEBER, and JONATHAN
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
SABBY JONATUAN MAYOR
ATTEST:
GRACE L ROCHA, ACTING CITY CLERK
CITY OF PALM DESERT, CALIFORNIA