12/21/2020 BOARD OF SELECTMEN Minutes

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5 Board of Selectmen Minutes December 21, 2020 Meeting re-convened: 7:06 p.m. APPOINTMENTS & HEARINGS Status Report by M3 Ventures, d/b/a Triple M: Lianne Ankner: Lianne Ankner, President facilitated discussions regarding the recreational marijuana dispensary; M3 Ventures d/b/a Triple M, Echo Road, Mashpee with the Select Board. The management team consisting of Jonathan Herlihy, Kevin O'Reilly, Elizabeth Nowlan, Mary LeClair and Renee Pannoni were in virtual attendance to discuss the update of the facility. Ms. Ankner indicated that all partners reside in the State of Massachusetts having decades of professional experience in business, operations, and healthcare. Seventy percent of investors are licensed physicians, and approximately twenty-five percent of employees are Mashpee residents. Ms. Ankner reviewed the phases of construction intended for the adult recreational use facility planned to open on April 1, 2020. Two temporary winged structures adjacent to the existing medical facility will allow for a soft opening until a permanent building is constructed adjacent to the existing medical marijuana facility. The new recreational dispensary is slated to open by the end of the 2021 year with 8,500 sf. of useable space. James Vaccaro was noted to have assisted in the design of the new facility. Using an 8 month projection it is anticipated sales would cap at $11.2 million in 2021. The Town of Mashpee under the Host Community Agreement for Adult Use Marijuana sales will receive 3% of the gross revenue or $336,000. The Town is also expected to receive 3% of the State Sales Tax; $336,000. The Town of Mashpee will also receive $25,000 in donation funds for educational and drug preventative and treatment programs. Ms. Ankner indicated in 2018 legislation amended the statute to allow a Community Impact Fee of up to 3% of gross sales apply to medical marijuana licenses as well as recreational marijuana licenses. Every calendar year after 2018 the Host Community Donation is adjusted annually by 3%. The resulting amount will serve as the escalator base for the following calendar year. As an example, for calendar year 2020, the Community Donation owed on or before December 31, 2020 will equal $106,090 ($103,000 x 3%). It was noted the actuals at the end of December may increase the contribution to $130,000. The peak customer visits to the Echo Road site in 2021 are projected at 176,842 visits per year. It was disclosed the traffic study has concluded the intersection of Route 130 and Echo Road may not require signalization and that roadway modifications are not necessary. However, increased traffic is a concern of the Mashpee Select Board and separate left and right turns in this area may be required. Under the Host Community Agreement, the Town of Mashpee has the discretion with respect to safety. If a traffic light is required by the Town all costs incurred with respect to the installation of signalization shall be paid by Triple M. If it is so determined,traffic mitigation and control measures such as detail officers would be implemented to minimize traffic impacts. Ms. Ankner indicated Triple M has proposed to employ detail police officers at the commencement of operations and during peak summer hours until it is thus determined the traffic flow is not as intense as expected. Road modifications and other traffic mitigation measures lie within the discretion of the Town Manager and/or the Chief of Police.