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creation of the Office of Cannabis Management that will be responsible for licensing all cannabis related businesses. The OCM predicts it will have procedures in place by January 1, 2025. The new law also allows cities to adopt an interim ordinance to place a moratorium until January 1, 2025, on the businesses involving these products to allow the City to consider restrictions on the time, place, and manner of operation of cannabis businesses. Staff recommends Council hold the public hearing on the interim ordinance. H.2 Public Hearing on Vacation of Drainage and Utility Easement for Adelaide Landing and Approval of Final Plat and Development Agreement for 7th and 8th Addition S & S Real Estate Holdings, LLC, has requested a vacation of the existing drainage and utility easement located over Lot 1, Block 12, Adelaide Landing. The Outlot will be used for the development of Adelaide Landing 7th and 8th Additions. This lot has an existing home on the property that will be demolished. New drainage and utility easements will be placed on the lots at the time the final plat is recorded. The applicant is requesting approval of a final plat and development agreement in order to plat 6 lots for the 7th Addition and 1 lot for the 8th Addition. These final plat requests will plat the remaining 7 lots from the Adelaide Landing preliminary plat. These are the final phases of the development. The lots meet the minimum lot standards and requirements outlined in the regulations for the Adelaide Landing PUD. Staff recommends that the City Council approve the notice to vacate the drainage and utility easement located over Lot 1, Block 12, Adelaide Landing. Staff recommends approval the resolutions approving the Final Plat and Development Agreement for Adelaide Landing 7th and 8th Addition. H.3 Public Hearing on Vacation of Drainage and Utility Easement and Approval of Property Line Adjustment for 12345 Hilo Court North and 12237 Hilo Court North Kile and Jennifer Nadeau are requesting approval of a property line adjustment for their properties located at 12345 and 12237 Hilo Court North. The properties are 8.76 acres and 8.14 acres respectively in size. The applicants are proposing to adjust the property lines so that the parcels are 11.9 acres and 5.0 acres in size. There exists a drainage and utility easement over the property line between these two parcels. Therefore, the applicants are also requesting an easement vacation in order to relocate the easement along the adjusted property line. The proper drainage and utility easements will be dedicated for the property only after the easement vacation is approved I.1 Discussion on Amended Street CIP The City of Hugo continues to work to improve its roadway infrastructure and has evaluated City streets by conducting pavement condition ratings and road tours to prioritize improvement projects. This past year has been particularly damaging to our roadways, with many road conditions drastically changing for the worse, resulting in significant changes to priorities for future road improvement projects. The Capital Improvement Plan (CIP) provides a schedule for the various roadway improvements that are necessary to maintain the City streets in an effective and efficient manner. The proposed Capital Improvement Plan has been reviewed and discussed with the Finance Director Anna Wobse and Public Works personnel. The financial model for the Capital Improvement Plan was updated for projected revenues and expenditures and the Capital Improvement Plan can be funded. Improvements identified to be completed in 2024 include the reconstruction of Heather Avenue and Upper Heather Avenue area and pavement reclamation along 125th Street. Staff recommends approval of the resolution requesting Council to consider approving the proposed 2024 – 2028 Capital Improvement Plan and the resolution requesting