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HOST COMMUNITY AGREEMENT This agreement (Agreement) is entered into as of the day of , (Effective Date), by the Town of Portsmouth, a Rhode Island Municipal Corporation (Portsmouth or Town or Host
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A host community agreement is a legal contract between a business, often in the cannabis or energy sector, and the local government of the municipality where the business operates. It outlines the terms and conditions for the business's operation and the benefits it will provide to the community.
Businesses that are seeking to operate in certain regulated industries, such as cannabis cultivation or retail, are typically required to file a host community agreement with the local government.
To fill out a host community agreement, businesses should consult with legal professionals to ensure compliance with local laws. Common steps include identifying the parties involved, outlining business operations, stating community benefits, and obtaining necessary signatures from local officials.
The purpose of a host community agreement is to establish a mutually beneficial relationship between the business and the local community, ensuring that the community receives financial or social benefits in exchange for hosting the business.
Information that must be reported on a host community agreement typically includes the business's name and address, details of the operations, financial commitments, community benefits, duration of the agreement, and dispute resolution mechanisms.
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