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(DRAFT-FOR DISCUSSION PURPOSES ONLY) <br /> WHEREAS, the arties intend by this Apycement to satisfy the provisions of State law rorm� :�oht eo�d <br /> pertaining to host community agreements between host communities and mariivana <br /> establishments. including but not limited to. 935 CMR 500, et seq., and of G.L. c.94G, § <br /> 3(d),as established in the Act,applicable to <br /> the operation of the Establishment as a Retail Marijuana Establishment in the Town;and <br /> NOW THEREFORE, in consideration of the pLovisions of this A eement,the Com any Formatted:Font:sold <br /> and the Town agree as follows; <br /> 1. Community Impact. <br /> The Town anticipates that,as a result of the Company's operation of the Establishment,the <br /> Town will incur additional expenses and impacts upon its road system, law enforcement, <br /> inspectional services,permitting services,administrative services and public health services, <br /> in addition to potential additional unforeseen impacts upon the Town. Accordingly,in order <br /> to mitigate the financial impact upon the Town and use of Town resources,the Company <br /> agrees to annually pay a community impact fee to the Town, in the amounts and under the <br /> terms provided herein(the"Annual Payments"). <br /> 2. Annual Payment. <br /> In the event that the Company obtains a FingRecreational Cannabis Retail License,or such <br /> other license and/or approval as may be required, for the operation of the Establishment in <br /> the Town by the Massachusetts GannaNs C--ontro^, Ce ssis (a CCC, or such <br /> other state licensing or monitoring authority, as the case may be, and receives any and all <br /> necessary and required permits and licenses of the Town, and at the expiration of any final <br /> appeal period related thereto, said matter not being appealed further, which said permits <br /> and/or licenses allow the Company to locate, occupy and operate the Establishment in the <br /> Town,then the Company agrees to provide the following Annual Payment for each year this <br /> Agreement is in effect;provided,however,that if the Company fails to secure any such other. <br /> license and/or approval as may be required, or any of required municipal approvals, the <br /> Company shall reimburse the Town for its legal fees associated with the negotiation of this <br /> Agreement. <br /> a_ The Company. assuming it will be allowed tooperate seven {7) dans a week <br /> shall make Annual Payments in an amount equal to three percent(3%)of the <br /> Company's gross revenue from marijuana-arid LQ marijuana derived <br /> product and{iii) ancillgD, arauhemalia sales at the Establishment.In the first <br /> year of operation,the Annual Payment shall be paid in two payments.The first <br /> payment shalt be in the amount of tbous..,,,€ <br /> (S.Three Hundred Thousand Dollars {$300.000) upon commencement of <br /> sales at the retail Establishment in Town- {the "Opening Date"). The second <br /> payment shall be the balance of the three percent3l%) of gross sales less the <br /> initial thiousand-($_,Three Hundred Thousand <br /> Dollars($300.000)payment. The balance of the Annual Payment shall be due <br /> 2 <br />