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Anoka <br /> <br /> Area Ice Arena Board <br /> <br /> Responsible for operation, maintenance, improvements and amortization of the two. <br /> (2) ice arenas. <br /> <br />· We serve the communities of Ramsey, Anoka, Andover, Champlin and Dayton. <br /> <br />· Operate two gaming operations to generate revenue primarily for our $18K/month <br /> mortgage payment. Operations ar JR's in Ramsey, Billy's in Anoka. <br /> <br />· Non-profit organization. <br /> <br />· Activities - ice hockey boys/girls, figure staking, open skating, indoor soccer <br /> (1994) and other events. <br /> <br />· 10% on net profit. <br /> <br />Ramsey Gaming Tax <br /> <br />· Designated for park and recreation capital improvements primarily directed at <br /> those under age 21. <br /> <br />AMA Problems in Making MQrtgage Payments <br /> <br /> Effects of Indian gaming. <br /> <br />· Effects of increased state taxes. <br /> <br />· Effects of Ramsey taxes. <br /> <br />Our Options <br /> <br /> Request a variance from the existing gaming tax ordinance. <br /> <br /> Request reimbursement of tax collected as we m-e providing services the tax is <br /> collected for. <br /> <br />, Assess Ramsey residents participating in AA.IA programs to cover the tax burden. <br /> <br />· Pursue municipal underwriting of our indebtedness. <br /> <br /> <br />