Common use of Annual Reporting for Host Community Impact Fees and Benefit Payments Clause in Contracts

Annual Reporting for Host Community Impact Fees and Benefit Payments. At the time of payment, the Company shall furnish certified copies of all mandated State sales reporting documents to the Town of Winchendon. The Company shall maintain books, financial records, and other compilations of data pertaining to the requirements of this Agreement in accordance with standard accounting practices and any applicable regulations or guidelines of the CNB. All records shall be kept for a period of at least seven (7) years. Upon request by the Town of Winchendon, the Company shall provide the Town of Winchendon with the same access to its financial records (to be treated as confidential, to the extent allowed by law) as it is required by the CNB and Department of Revenue for purposes of obtaining and maintaining a license for the Facility During the term of this Agreement and for three years following the termination of this Agreement the Company shall agree, upon just cause as determined by the Board of Selectmen or the Town Manager to have its financial records examined, and audited by an Independent Financial Auditor, the expense of which shall be borne by the Company. The Independent Financial Auditor shall review the Company’s financial records for purposes of determining that the Annual Payments are in compliance with the terms of this Agreement. Such examination shall be made not less than thirty (30) days following written notice from the Town of Winchendon and shall occur only during normal business hours and at such place where said books, financial records and accounts are maintained. The Independent Financial Audit shall include those parts of the Company’s books and financial records which relate to the payment, and shall include a certification of itemized gross sales for the previous calendar year, and all other information required to ascertain compliance with the terms of this Agreement. The independent audit of such records shall be conducted in such a manner as not to interfere with the Company’s normal business activities.

Annual Reporting for Host Community Impact Fees and Benefit Payments. At The Company shall submit an annual written report to the time Town’s Board of payment, Selectmen within thirty (30) days after the payment of its fourth quarterly installment of the Annual Community Impact Fee with a certification of: (1) its annual sales; and (2) its compliance with all other requirements of this Agreement. During the term of this Agreement the Company shall furnish certified copies agree, upon request of all mandated State sales reporting documents the Town, to appear before a meeting of Board of Selectmen to review compliance with the Town terms of Winchendonthis Agreement. Such meeting shall occur no later than thirty (30) days following written notice from the Town. The Company shall maintain books, financial records, and other compilations of data pertaining to the requirements of this Agreement in accordance with standard accounting practices and any applicable regulations or guidelines of the CNBCCC. All records shall be kept for a period of at least seven (7) years. Upon request by the Town of WinchendonTown, the Company shall provide the Town of Winchendon with the same access to its financial records (to be treated as confidential, to the extent allowed by law) as it is required by the CNB CCC and Department of Revenue for purposes of obtaining and maintaining a license Certificate of Registration for the Facility Establishment. During the term of this Agreement Agreement, and for three (3) years following the termination of this Agreement Agreement, the Company shall agree, upon just cause as determined by request of the Board of Selectmen or the Town Manager Town, to have its financial records examined, copied and audited by an Independent Financial Auditor, the expense of which shall be borne by the Company. The Independent Financial Auditor shall review the Company’s financial records for purposes of determining that the payment of its Annual Payments Community Impact Fee are in compliance with the terms of this Agreement. Such examination shall be made not less than thirty (30) days following written notice from the Town of Winchendon and shall occur only during normal business hours and at such place where said books, financial records and accounts are maintained. The Independent Financial Audit shall include those parts of the Company’s books and financial records which relate to the payment, and shall include a certification of itemized gross sales for the previous calendar year, and all other information required to ascertain compliance with the terms of this Agreement. The independent audit of such records shall be conducted in such a manner as not to interfere with the Company’s normal business activities.thirty

Annual Reporting for Host Community Impact Fees and Benefit Payments. At the time of payment, the The Company shall furnish certified copies of all mandated State sales reporting documents submit annual financial statements to the Town within 30 days after the payment of Winchendonits Annual Community Impact Fee, with a certification of its annual sales. The Company shall maintain books, financial records, and other compilations of data pertaining to the requirements of this Agreement Agreement, in accordance with standard accounting practices and any applicable regulations or guidelines of from the CNBCannabis Control Commission. All records shall will be kept for a period of at least seven (7) years. Upon request by the Town of WinchendonTown, the Company shall provide the Town of Winchendon with the same access to its financial records (to be treated as confidential, to the extent allowed provided by law) as it is required by the CNB Cannabis Control Commission and Department of Revenue for purposes of obtaining and maintaining a license for the Facility facility. During the term of this Agreement and for three years following the termination of this Agreement Agreement, the Company shall agree, upon just cause as determined by request of the Board of Selectmen or the Town Manager Town, to have its financial records examined, copied, and audited by an Independent Financial Auditor, acceptable to the Town, the expense of which shall be borne by the Company. The Independent Financial Auditor shall review the Company’s financial fiscal records for purposes of determining that the Annual Payments are made have been in compliance with the terms of this Agreement. Such examination shall be made not less than thirty (30) days following written notice from the Town of Winchendon Town, and shall occur only during normal business hours and at such place where said books, financial records records, and accounts are maintained. The Independent Financial Audit shall include those parts of the Company’s books and financial records which relate to the paymentsaid payments, and shall include a certification of itemized gross sales for the previous calendar year, and all other information required to ascertain compliance with the terms of this Agreement. The independent audit of such records shall be conducted in such a manner as not to interfere with the Company’s normal business activities.

Annual Reporting for Host Community Impact Fees and Benefit Payments. At T The Company shall submit an annual written report to the time Town’s Select Board within thirty (30) days after the payment of payment, its fourth quarterly installment of the Annual Community Impact Fee with a certification of: (1) its annual sales; and (2) its compliance with all other requirements of this Agreement. During the term of this Agreement the Company shall furnish certified copies agree, upon request of all mandated State sales reporting documents the Town, to appear before a meeting of Select Board to review compliance with the Town terms of Winchendonthis Agreement. Such meeting shall occur no later than thirty (30) days following written notice from the Town. The Company shall maintain books, financial records, and other compilations of data pertaining to the requirements of this Agreement in accordance with standard accounting practices and any applicable regulations or guidelines of the CNBCCC. All records shall be kept for a period of at least seven (7) years. Upon request by the Town of WinchendonTown, the Company shall provide the Town of Winchendon with the same access to its financial records (to be treated as confidential, to the extent allowed by law) as it is required by the CNB CCC and Department of Revenue for purposes of obtaining and maintaining a license Certificate of Registration for the Facility Establishment. DRAF During the term of this Agreement Agreement, and for three (3) years following the termination of this Agreement Agreement, the Company shall agree, upon just cause as determined by request of the Board of Selectmen or the Town Manager Town, to have its financial records examined, copied and audited by an Independent Financial Auditor, the expense of which shall be borne by the Company. The Independent Financial Auditor shall review the Company’s financial records for purposes of determining that the payment of its Annual Payments Community Impact Fee are in compliance with the terms of this Agreement. Such examination shall be made not less than thirty (30) days following written notice from the Town of Winchendon and shall occur only during normal business hours and at such place where said books, financial records and accounts are maintained. The Independent Financial Audit shall include those parts of the Company’s books and financial records which relate to the payment, and shall include a certification of itemized gross sales Gross Sales for the previous calendar year, and all other information required to ascertain compliance with the terms of this Agreement. The independent audit of such records shall be conducted in such a manner as not to interfere with the Company’s normal business activities.