LEOMINSTER — The city will receive at least $420,000 from Prime Wellness Centers’ medical marijuana dispensary from the first four years of its operation, according to the latest draft of a community host agreement expected to be signed within the next week.
“We’re just dotting our i’s and crossing our t’s right now,” Prime Wellness Centers spokesman Pat Scorzelli said Friday. “Based on the meeting I had today, I don’t see us not signing it. … I would hope by the close of next week we should be able to return this back to the mayor.”
The agreement, which has to be signed by representatives of the dispensary and Mayor Dean Mazzarella, is required by Prime Wellness Centers before it can receive a building permit to construct the dispensary at 1775 Lock Drive.
According to the most recent draft of the agreement, the city would receive $50,000 or 1.25 percent of gross revenues, based on whichever is greater, within 30 days of the dispensary’s first year in operation, as well as an additional stipend of $35,000.
In the dispensary’s second year, the city would receive $75,000 or 1.25 percent of gross revenues, based on whichever is greater, as well as an additional stipend of $20,000.
In the third year $100,000 or 2.5 percent of gross revenues would go to the city plus an additional stipend of $20,000.
From the fourth year of operation on, the city would either get the minimum sum required for the previous year plus an additional 2.5 percent or 2.
5 percent of gross revenues if that is greater, as well as an additional stipend of $20,000.
Scorzelli also said that a majority of the current draft of the agreement is the same as it had been when Prime Wellness Centers submitted its