Valuations. This did not capture any kind of direction towards the supervisors as to what we mean by value situation, remuneration and valuing the impairment we are proposing here. With we should be careful that we stay that our recommendations stay on message about specifically what this is. We have a ten dab see to tendency to go on tangents. This is a specific issue. The other thing to consider what if the fda rulessed this product to be unsellable. We should consider what happens. The city isnt going to get anything if the federal government says you cant sell it. Say that you cant market it. That is what the fda is deciding. I think to Vice President dwight, your point is perhaps we point to a definition of valuation. I am not suggesting we can can do that right now. I dont know what all of the the components are. I know in the case someone is looking at retirement, that is what is the value, the exit value of my business . Can i sell my business . How does restricting my ability
Valuations. This did not capture any kind of direction towards the supervisors as to what we mean by value situation, remuneration and valuing the impairment we are proposing here. With we should be careful that we stay that our recommendations stay on message about specifically what this is. We have a ten dab see to tendency to go on tangents. This is a specific issue. The other thing to consider what if the fda rulessed this product to be unsellable. We should consider what happens. The city isnt going to get anything if the federal government says you cant sell it. Say that you cant market it. That is what the fda is deciding. I think to Vice President dwight, your point is perhaps we point to a definition of valuation. I am not suggesting we can can do that right now. I dont know what all of the the components are. I know in the case someone is looking at retirement, that is what is the value, the exit value of my business . Can i sell my business . How does restricting my ability
I can provide contexts with extremes that have be set our city and how this the idea of mitigation isnt something that we just thought up while writing this resolution. This is something the supervisors had been talking about during the ban on the flavored tobacco. This is about looking at it whole somely. This tobacco retail license the role it plays in the value of the Convenience Store or smoke shop and how ther there hasnt n adjustments on the fees with the license there is a reduction in the inventory and ability to sell. This is trying to mitigate the damage that has already happened and to look forward to further bans on the sector that arent being like the cpi question. The nexxus study that one of the fees is based on has not been reassessed. A fee in its definition has to be allotted to a specific earmarkker where the money goes, otherwise it is a tax. We have also seen that is not happening with this particular tobacco related fee. This is a whole some conversation about dev
Know, bought in good faith this license. I feel equally longly. I like considered but not limited to. I like options. I think the options we present, it is incumbent upon us. It is what our responsibility should be detailed, and that is what i was trying to get at with the valuation. What are we asking . Lets make it specific. I understand your point about trying to set an anchor on the price. You naturally want to set it high. I would say to you, my reaction to it, not being superknowledgeable about the base but respecting that the cost and expenses to these folks is high and it is going to be a Material Change and reflect their retirements and so north. Notwithstanding all of that, i dont think an anchor point in the tens of millions of dollars is probably likely going to be well received or is going to be seen as an anchor point at all. Instead, it will be seen as unreasonable demand. We can put that as an ask point. I am asking for specific amendments, guys. If you dont think that
Commissioner guillermo that will offer the ra ma tuber ohlone land. As steward to this land, the Ramaytush Ohlone have never given up their land, we benefit from working and living on their homeland. We wish to show our respects by affirming their soverne rights as first peoples. Thank you, commissioner guillermo. Our next item is approval of minutes of september 19th, 2023. You have the minutes and i have reviewed them, if there are no amendments, can i have a motion to approve. Motion to approve. Public comment. And i dont have my script with me, but i will note that we always take folks that have received accommodations first and then we move to those accommodation. I see one hand, at the moment, were only taking those who have received accommodation for me. Please unmute that person and well give them three minutes. Caller hi, commissioners, this is patrick shaw, code a a. Please begin. Caller thank you. These minutes were at the chair me and others have continually raised the issu