CannabisPermitApplication4
5. Equity
TheEquityPermitProgramdescribedunderOMC5.80.045andOMC5.81.060definesan
“EquityApplicant”asanApplicantwhoseownership/owner
2
:
1.IsanOaklandresident;and
2. Has an annual income at or less than 80 percent of Oakland Average Medium Income (AMI)
adjustedforhouseholdsize(clickherefor80percentOaklandAMIthresholds);and
3.Either
(i)haslivedinanycombinationofOaklandpolicebeats2X,2Y,6X,7X,19X,21X,21Y,23X,26Y,
27X,27Y, 29X, 30X,30Y, 31Y,32X, 33X,34X, 5X, 8Xand35Xfor atleast ten ofthe lasttwenty
yearsOR
(ii) was arrested after November 5, 1996
and convicted of a cannabis crime committed in
Oakland.
Yes,Ifulfilltheequity criteriaNo,Idonotfulfilltheequitycriteria
3
Ifyes,pleaseprovidesupportingdocumentationasdescribedbelow.
For proof of ownership please provide entity formation documents or documents filed with the
California Secretary of State (e.g. articles of incorporation, stock issuance records, operating
agreements,partnershipagreements).
Forproofofincomepleaseprovidefederaltaxreturnsandatleastoneofthefollowingdocuments:two
monthsofpaystubs,currentProfitandLossStatement,BalanceSheetorproofofcurrenteligibilityfor
General Assistance, Food Stamps, Medical/CALWORKs or Supplemental Security Income or Social
SecurityDisability(SSI/SSDI).
2
“Ownership”shallmeantheindividualorindividualswho:
i. Withrespecttofor‐profitentities,includingwithoutlimitationcorporationspartnerships,limited
liabilitycompanies,hasorhaveanaggregateownershipinterest(otherthanasecurityinterest,
lien,orencumbrance)of50%ormoreoftheentity.
ii. Withrespecttonot
for‐profitentities,includingwithoutlimitationanon‐profitcorporationor
similarentity,constitutesorconstituteamajorityoftheboardofdirectors.
iii. Withrespecttocollectivehasorhaveacontrollinginterestinthecollective’sgoverningbody.
3
ApplicantswhodonotsatisfytheEquitycriteriawillbereviewedasGeneralApplicantsandtheirapplicationswill
beprocessedsubjecttotherestrictionsofOMC5.80.045and5.80.060.