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City Council Regular Meeting Minutes June 24, 2025 Page 4 Mayor Pro Tem Jenson asked what the training time is for the software. Ms. Maloney stated that Staff should be up and running for this budget cycle. Mayor Webster noted this is a significant upgrade for the Finance Department. She asked if this software would be used for MWMO and NineNorth. Ms. Maloney stated they will need to investigate that further. Motion by Councilmember Doolan, seconded by Councilmember Randle, to approve Resolution 25-046 — A Resolution Authorizing the purchase of ClearGov Budget Software. Motion carried 5-0. B. Resolution 25-047 — Cannabis Dispensary - Municipal Cannabis Store Exploration. Municipal Liquor Operations Manager Mike Larson reviewed a PowerPoint — Exploration: Retail Cannabis. The agenda includes Decision to Explore Retail Cannabis Store, Market Forces Impacting Municipal Retail, Municipal Retail Operations Overview, Our Competitive Advantage, Understanding Cannabis, Vision for the Retail Experience, and Budget/Scope. Mr. Larson reviewed the Opportunities presented by opening a cannabis retail location: • Natural Extension of Current Municipal Retail Operations. • Alignment with Mission and Core Values. • Promote Product Knowledge and Education. • Boost City Revenue. • Offset Decline in Alcohol Revenue. Mr. Larson reviewed the reasons why a cannabis retail location should fall under the Municipal Liquor Stores: • Serves the Community — Provides access to regulated, high -quality products that meet community needs. • Generate City Revenue — Supplies revenue to support City services and development initiatives. • Control the Sale of Legal Consumables — Ensure responsible distribution through proper oversight and enforcement. City Manager Yunker reviewed the Fiscal Reality, including the St. Anthony Village Constraints. Research was done comparing it to other States that have sold cannabis for several years. The competitive advantage was reviewed. Mr. Larson reviewed Consumption Trends and Outlook, Revenue Opportunity, Minnesota vs. Mature Cannabis States, Why St. Anthony Village Retail is a Competitive Advantage, Mission & Values, Three Stores. One Brand, Retail Cannabis Store: Brand Identity, Retail Cannabis Store: Brand Promise, Understanding Cannabis: Main Categories, Understanding Cannabis: Sales Potential, Vision for the Cannabis Store, Vision for the Gathering Space, Site Concept: 3803 Stinson Blvd., Site Concept: Marketplace & Silver Lake Village, Retail Operations Organization Structure, Sales Forecast, and Preliminary Budget & Timeline.