8/10/2015 BOARD OF SELECTMEN Minutes

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5 Board of Selectmen Minutes August 10, 2015 NEW BUSINESS: Review and discussion of Mashpee Host Community Agreement between Medical Marijuana of Massachusetts, Inc, and the Town.of Mashpee: (continued) Discussion followed with regards to the Host Community Agreement whereby the MMM would support community initiatives and interests in Mashpee to express its appreciation for the community support it will have received to operate a retail marijuana dispensary in the Town of Mashpee. Under the terms of the Host Community Agreement, donations to the Town of Mashpee are defined as follows; Calendar Year 2016; On or before December 31, 2016, MMM shall donate to Mashpee$20,000 Calendar Year 2017; On or before December 31, 2017, MMM shall donate to Mashpee $20,000 Calendar Year 2018; On or before December 31, 2018,MMM shall donate to Mashpee$100,000. Every calendar year after 2018; On or before December 31St, the MMM donation would be adjusted annually by the product obtained by multiplying the Escalator Base($100,000)by 3%. In Section 3 of said Agreement,the MMM will not seek a non-profit exemption from paying real estate taxes. The terms of the Host Community Agreement state the MMM intends to create and fund a charitable foundation to support research pertaining to the medical efficacy of medical marijuana,and local community initiatives for Plymouth, Mashpee and a municipality to support a third RMD location to be determined. The Board of Directors Charitable Foundation will have the sole power and authority to determine how to allocate the disbursement of the Foundation's funds among research initiatives and community initiatives that the Board of Directors selects. The Foundation's Board of Directors will be comprised of(7)individuals including the Town Manager of Mashpee(or his designee)and the Director of Community Outreach in Mashpee. Attorney Gildea indicated that money to the Foundation would be based upon the determination of sales, etc. after salaries and the like. Selectman Gottlieb questioned the assurance of money to be paid to the Foundation. It was noted the Foundation Director is a paid position. With regards to the determination of funding,all records would be made public. In concern to the legalization of recreational marijuana likely to occur within three years, Selectman Gottlieb suggested the MMM consider increasing the Host Community Donations in Calendar Year 2017. In the Agreement,the Re-Opener states that if the sale of marijuana becomes legalized in the Commonwealth of Massachusetts far recreational sale and use and Mashpee's zoning laws permit MMM to sell marijuana for recreational use at its Mashpee Dispensary location and MMM obtains a special permit,if so required by Mashpee's then current zoning laws,to sell marijuana for recreational use,then the parties will reopen and negotiate an amendment to this agreement.