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NHC Lemoore, LLC Cannabis Retail Development Approved

City of Lemoore logoCity of Lemoore
Disclosed value
$700,000
From agenda
Document date
May 23, 2022
Term
10 years

The 30-second brief

What it covers

City of Lemoore approves development agreement with NHC Lemoore, LLC for cannabis retail store and delivery operation. The agreement includes an initial licensing fee of $200,000, an annual cannabis license fee of $12,860, and an operational and use fee equal to 5% of gross sales. The term of the agreement is for 10 years, with an automatic extension of one additional 10-year period unless either party gives written notice of intent to terminate.

Who holds it

Nhc Lemoore holds this development agreement contract with City of Lemoore.

What happens next

Term as filed: 10 years.

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Contract details

Contract type
Development Agreement
Amount
$700,000
Document date
May 23, 2022
Term
10 years
Vendor
Nhc Lemoore
Agency
City of Lemoore
Source document
city-of-lemoore-agenda-2022-05-23_b8e.pdf (Agenda)

Nhc Lemoore's other public contracts

City of Lemoore, CaliforniaNHC Lemoore, LLC to pay 5% of gross sales · May 23, 2022City of Lemoore, CaliforniaNHC Lemoore, LLC to donate $24,000 annually · May 23, 2022$24KCity of Lemoore, CaliforniaNHC Lemoore, LLC to pay $12,860 annual fee · May 23, 2022$12.9KCity of Lemoore, CaliforniaNHC Lemoore, LLC to reimburse $350,000 for relocation · May 23, 2022$350KCity of Lemoore, CaliforniaNHC Lemoore, LLC to pay $200,000 licensing fee · May 23, 2022$200KAll Nhc Lemoore contractsVendor profile

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Questions about this contract

Who was awarded the development agreement contract by City of Lemoore?

Nhc Lemoore was awarded this development agreement contract by City of Lemoore, as recorded on May 23, 2022. The contract value is $700,000.

How much is the Nhc Lemoore contract with City of Lemoore worth?

The Nhc Lemoore contract with City of Lemoore is valued at $700,000, covering development agreement work.

What type of contract is this?

This is a Development Agreement contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-lemoore-agenda-2022-05-23_b8e.pdf (Agenda), dated May 23, 2022 from City of Lemoore. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Nhc Lemoore hold?

Nhc Lemoore may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Lemoore currently buying?

Explore City of Lemoore's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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