Agenda - Council - 05/10/1994 - Laserfiche WebLink

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7.61.09! Use of Lawful Gambling Net Profits Any organization that holds a premises permit shall be required to contribute a certain percent of its net profits from lawful gambling to a fund administered and regulated by the City without cost to such fund. The required percent to be contributed shall be that percent establish_6d from time to time by Council resolution. However, in no event shall the required percent be greater than that amount allowed by Chapter 349 of Minnesota Statutes. !Disbursements from this fund shall be for lawful purposes as determined from time to tike by Council resolution. The term "net profits" as used herein shall be defined as profitsTless amounts expended for allowable expenses. "Allowable expenses" as used herein sh~tll not include those "lawful purpose" expenditures defined by Chapter 349 of Minnesota Statutes. 7.61.10: Expenditures for Lawful Purposes Within City's Trade Area Any org~ization holding a premises permit to conduct lawful gambling within the City shall be raquired to expend 75% of its "lawful purpose" expenditures on lawful purposes conducted~or located within the City's trade area and to the benefit of the City's trade area. In the event the City is unable to determine with a reasonable degree of certainty that the required '~5% of the lawful purpose expenditures of the organization holding a premises permit to Conduct lawful gambling within the City is being expended on lawful purposes, the City ~dministrator may require such other financial information as is reasonably necessary !~or the City to make this determination. For purpo.~es of this subsection, the term trade area is defined as the Cities of Ramsey, Anoka, A~dover, and the Town of Burns in Anoka County, the City of Elk River in Sherburne! County and the City of Dayton in Hennepin County. For purposes of this subsectioq, the term "lawful purpose(s)" is that definition assigned to it by Minnesota Statutes, Qhapter 349. This subsection shall apply to all organizations holding a premises permit to cbnduct lawful gambling within the City. SECTION 3. ,VIOLATIONS Anyone who violCtes the provisions of this section shall be guilty of a misdemeanor. This section does not preclude k:ivil and criminal penalties under applicable laws. Failure to file timely reports and payments as ~equired by this section may result in a recommendation to the Board that the organization's prergises permit should be revoked. SECTION 4. '~i~./~l~ The following is t[~e official summary of Ordinance 94- , which has been approved by the City Council of the City of Ramsey as clearly informing the public of the intent and effect of the Ordinance. The ordinance repeals the existing City Code Section 7.61 and replaces it with a new Section 7.61. This section is to r{gulate and control the conduct of lawful gambling pursuant to the provisions of Chapter 349 of Minnesota Statutes.