Agenda - Council - 06/12/2007 - Laserfiche WebLink

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reguhited by the City without cost to such fund. 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 time by Council resolution. The term "net profits" as used herein shall be defined as profits less amounts expended for allowable expenses. "Allowable expenses" as used herein shall 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 organization holding a premises permit to conduct lawful gambling within the City shall be required 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. A detailed quarterly report of the expenditures for lawful purposes within the trade area shall be provided to the Finance Officer on or before January 15, April 15, July 15 and October 15 of each year after the date of the adoption of this chapter. Any organization that fails to submit a detailed quarterly "Lawful Purpose Expenditure" Report of how the required 75% was expended, will be brought before City Council to discuss possible future revocation of their premise permit. In the event the City is unable to determine with a reasonable degree of certainty.that the required 75% oflthe lawful purpose expenditures 6fthe organization holding a premises permit to condurt lawful gambling within the City's trade area is being expended on lawful purposes,ithe City Administrator may require such other financial information as is reasonably necessary for the City to make this determination. ;: p::::,e; oflthi" Slibseeuoft, the temllr:-re ",ea i" derrned as ~ Citie" of ~"r.: ~ :~~;~c~ve , and the TO:\'R of Bums }~ Anoka ~ounty, the CIty of Elk Rr/cr I.n h uJty and the Cl:ty of Dayton III Hennepm Coooty. For purposes of thIS subseetion, the term "la\vful purpose(s)" is that definition assigned to it by Minnesota Statutes, Chaptet 319. This subsection shall apply to all organizations holding a premises permit to eondu~t la'.vful gambling within the City. I SECTION 3. VIOLATIONS Anyone who violates the provisions of this section shall be guilty of a misdemeanor. This section does not preclude civil and criminal penalties under applicable laws. Failure to file timely reports and payments as required by this section may result in a recommendation to the Board that the organization's premises permit should be revoked. SECTION 4. SUMMARY The following is the official summary of Ordinance 07-XX 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 -99-