01/28/2019 BOARD OF SELECTMEN Agenda Packet

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(DRAT-FOR DISCUSSION PURPOSES ONLY) HOST COMMUNITY AGREEMENT FOR THE SITING OF A MARIJUANA ESTABLISHMENT N THIS TO O HPEE This Agreement (the "Agreement") entered into this day of 2019 by and between the Town of Mashpee, acting by and through its Town Manager,with a principal address of 16 Great Neck Road North, Mashpee, Massachusetts 02649 (hereinafter the "Town") and M3 Ventures, Inc. (d/b/a Triple M Mashpee) a Massachusetts not-for-profit corporation with a principal office address of 90 Collins Avenue,Plymouth,MA 02362 (hereinafter "Company") WHEREAS, Company wishes to locate a licensed Marijuana Establishment in the Town at 29 Echo Road -(hereinafter "Establishment")in accordance with Chapter 55 of the Acts of 2017 (the"Act"),and such approvals as may be issued by the Town in accordance with its Zoning Bylaw and other applicable regulations,as may be amended; WHEREAS,Company,notwithstanding any exempt status,intends to pay all local taxes attributable to its operation,including sales taxes and real estate taxes on the space within which the Establishment is located; WHEREAS, Company desires to be a responsible corporate citizen and contributing member of the business community of the Town, and intends to provide certain benefits to the Town over and above typical economic development benefits attributable with similar new manufacturing and retail concerns locating in the Town; WHEREAS,the parties intend by this Agreement to satisfy the provisions of 935 CMR 500, ct seq.,and of G.L.c,94G, §3(d), as established in the Act, applicable to the operation of the Establishment as a Retail Marijuana Establishment in the Town; NOW THEREFORE, in consideration ofthe provisions ofthis Agreement,the Company and the Town agree as follows: 1 Community Impact. The Town anticipates that, as a result of the Company's operation of the Establishment, the Town will incur additional expenses and 'impacts upon its road system, law enforcement,inspectional services,permitting services,administrative services andpublic health services,in addition to potential additional unforeseen impacts upon the Town. Accordingly,in order to mitigate the financial impact upon the Town and use of Town resources,the Company agrees to annually pay a community impact fee to the Town,in the amounts and under the terms provided herein(the "Annual Payments").