02-25-2004 Council Agenda - Laserfiche WebLink

Home Browse Search

within the City shall contribute at least ten percent (10%) of its net profits derived from lawful gambling in the City to a find administered and regulated by the City without cost to the fund, for disbursement by the City for lawful purposes as defined by Minn. Star. Sect. 349.12. Subd. 11. The City's use of these funds shall be determined at the time of the adoption of the City's annual budget or at the time of any amendments thereto. For the purposes of this Section, net profits are defined as gross profits less reasonable sums actually expended for allowable expenses. Each organization will be required to remit the contribution required under this Section to the City for net profits for the preceding month within thirty (30) days of the last day of the preceding month. 815.035. LAW ENFORCEMENT AND ADMINISTRATIVE COSTS. Effective January 1, 1992, there shall be imposed a local gambling tax on all organizations Licensed to conduct lawful gambling within the City. The tax may not exceed three percent (3 %) of the organization's gross profit from gambling activities within the City. Proceeds of the tax shall be placed in a special fund to be administered by the City to be utilized solely for the purpose of regulating all gambling activities within the City, including but not limited to, the reimbursement of the City's administrative, legal, law enforcement and consulting costs. 815.040. TRADE AREA. The Little Canada trade area is defined as the corporate boundaries of the City of Little Canada and the corporate boundaries of each city contiguous to the City of Little Canada. Fifty percent (50 %) of the net profits from lawful gambling conducted within the City of Little Canada shall be expended on lawful purposes conducted within the Little Canada trade area. 815.045. GAMBLING EXEMPT FROM STATE LICENSING REQUIREMENTS. (A) Organizations which conduct lawful gambling which is exempt from state gambling licensing requirements may conduct such gambling within the City upon receipt of a permit from the City, except this requirement does not apply to door prizes, raffles and bingo where total prizes are less than 8750.00 in the calendar year. (B) An application for such a peuuit, along with a fee as established by City Council resolution shall be made at least thirty (30) days prior to the date such gambling is to be conducted. The application shall contain the following: I. The name of the organization. 2. The address of the organization. 3. The place where such gambling will occur. 4. The total prizes to be awarded. (C) Within thirty (30) days of tiling any reports with the Gambling Control Board. the organization shall file a copy of such reports wilt the City. 815 -5 3