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03/01/2019 PLANNING BOARD Minutes
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03/01/2019 PLANNING BOARD Minutes
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Mashpee_Meeting Documents
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PLANNING BOARD
Meeting Document Type
Minutes
Meeting Date
03/01/2019
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MASHPEE HOST COMMUNITY <br /> AGREEMENT <br /> THIIIS SHPEE HOST COMMUNITY AGREEMENT(the "Agreement")is <br /> made as of August 015 (the "Execution Date")by and between Medical Marijuana of <br /> Massachusetts, Inc., a Massachusetts non-profit corporation("MMM") and the Town of <br /> Mashpee,Massachusetts ("Mashpee"), a municipality in the Commonwealth. <br /> RECITALS <br /> A. NIMM has been incorporated under.Chapter 180 of the Massachusetts General Laws to <br /> provide marijuana for medical use to patients of MMM; and <br /> B. M1VIM desires to establish and operate a marijuana for medical use retail dispensary in <br /> Mashpee (the "Dispensary") in compliance with all laws of the Commonwealth and Town of <br /> Mashpee and the terms outlined in Appendix A; and <br /> C. The Massachusetts Department of Public Health("DPH")has informed MMM that it is being <br /> reviewed as a provisional licensee to operate a Registered Marijuana Dispensary("RMD"), <br /> and when MMM receives its final Certificate of Registration to operate an RM .from DPH, <br /> MMM will have the authority to operate its Dispensary; and <br /> D. MMM desires to support Community initiatives and interests in Mashpee to express its <br /> appreciation for the community support it has received to operate an RMD in Mashpee. <br /> ACCORDINGLY,the parties for good and valuable consideration,the receipt of which is <br /> hereby acknowledged,the parties hereto agree asfollows: <br /> unity Donations. Based on NIlVIlVI receiving a final Certificate of Registration <br /> 1. Host Comm <br /> to operate an RMD in Mashpee, during the Term of this Agreement (as defined in-Section 5), <br /> MMM shall make the following Host Community Donations to Mashpee as follows: <br /> (a) Calendar Year 2016: On or before December 31,2016, MMM shall donate to <br /> Mashpee Twenty Thousand Dollars ($20,000). <br /> (b) Calendar Year 2017: On or before December 31, 2017, MMM shall donate to <br /> Mashpee Forty Thousand Dollars ($40,000). <br /> (c) Calendar Year 2018: On or before December 31, 2018,NEVENI shall donate to <br /> Mashpee One Hundred Thousand Dollars ($100,000) ("Escalator Base"). <br /> (d) Every Calendar Year After 2018: On or before December 31 of each calendar year <br /> after 2018,the Host Community Donation will be adjusted annually by the product <br /> obtained by multiplying the Escalator Base by three percent(3%), which resulting <br /> amount will serve as the Escalator Base for the following calendar year. By way of <br />
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