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Attachment 11 of 2 Resolution 20 18 - June 5, 2018 RESOLUTION 20 18 - RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS SUSPENDING TOWN CODE SECTION 29.20.185 REGARDING THE REGULATIONS FOR FORMULA RETAIL BUSINESSES IN THE C -2 ZONE FOR A PERIOD NOT TO EXCEED 18 MONTHS. WHEREAS, since the adoption of the formula retail regulations in 2002, the retail industry continues to evolve through online shopping and new shopping models creating a different environment for brick and mortar retail locations ; and WHEREAS, additional commercial spaces are being added to the inventory through new developments in Los Gatos creating more opportunity for retail locations ; and WHEREAS, piloting a change to the regulation s in the C -2 zone to match those in other commercial zon es creates a more level playing field during the pilot period ; and WHEREAS, a temporary suspension of the Town Code Section 29.20.185 may allow the opportunity for the Town Council to gauge potential changes to the retail mix in the C -2 zone with the abi lity to modify the resolution at any time before the 18 -month period expires. NOW, THEREFORE, BE IT RESOLVED: T he Town Council of the Town of Los Gatos suspends the Town Code Section 29.20.185 regarding the regulations for formula retail business es in th e C -2 zone for a period not to exceed 18 months with the following provisions : 1. Existing Retail Locations New formula retail businesses must occupy an existing commercial space that is less than 6,000 square feet in the C -2 zone, and may not combine spaces or add additional square footage; and 2. Certificate of Use and Occupancy and Business License New formula retail businesses must follow the same requirements as an independent retail business by filing a Certificate of Use and Occupancy, and a Business License with the Town prior to operating; and 3. Maximum Threshold for Review Should five new formula retail businesses open before the 18 -month period expires, Town staff will provide the Town Council with a n update and review of this resolution; an d 4. Town Council Approval This resolution does not apply to formula retail businesses that intend to sell products (such as alcohol) that require approval by the Town Council. ATTACHMENT 1 2 of 2 Resolution 20 18 - June 5, 2018 PASSED AND ADOPTED at a regular meet ing of the Town Council of the Town of Los Gatos, California, on the 5 th day of June, 2018 by the following vote: COUNCIL MEMBERS: AYES: NAYS: ABSENT: ABSTAIN: SIGNED: MAYOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA DATE: __________________ ATTEST: CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA DATE: __________________