Addendum Formula Biz
PRE PARED BY : MONICA RENN
Economic Vitality Manager
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Reviewed by: Assistant Town Manager Town Attorney Finance
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N:\MGR \AdminWorkFiles \2016 Council Reports \03 -15 -16 \08 Policy Committee on Formula Retail \Addendum Formula Biz.FINAL.doc
MEETING DATE: 03/15/16
ITEM NO : 8
ADDENDUM
COUNCIL AGENDA REPORT
DATE: MARCH 14, 2016
TO: MAYOR AND TOWN COUNCIL
FROM: LAUREL PREVETTI , TOWN MANAGER
SUBJECT: DISCUSS AND CONSIDER THE POLICY COMMITTEE’S
RECOMMENDATION TO ADOPT TWO RESOLUTIONS SUSPENDING
THE REQUIREMENT FOR FORMULA RETAILERS TO OBTAIN A
CONDITIONAL USE PERMIT, AND SECTION I OF ORDINANCE 2021
DISCOURAGING THE REPLACEMENT OF RETAIL USES WITH
REST AURANT USES, FOR AN EIGHTEEN MONTH TRIAL PERIOD.
REMARKS :
After the initial staff report was distributed, staff gathered additional information for the Council
regarding non -confidential sales tax information. The information is provided by Muni Ser vices,
the Town’s sales tax consultant, and is attached to this addendum.
ATTACHMENTS:
Attachments 1 -5 previously received with staff report dated March 8, 2016
6. Los Gatos historical sales per capita by benchmark year
7. Santa Clara County historical sales per capita by benchmark year (2015Q3)
8. S.F. Bay Area quarterly comparison of 2014 Q3 and 2015 Q3 (July through September
sales)