1988-017 Council Ordinances - Laserfiche WebLink

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Any organization which purports to meet one of the condi- tions set forth above, shall certify in writing on its application which condition or conditions are being met. 611.03 Profits From Gambling Devices. During any year that an eligible organization is licensed to conduct gambling events, not less than ten (10%) per cent of the net profits from the operation of the gambling by charitable organizations shall be used annually for charitable purposes directly benefiting residents of the City of Lino Lakes. A report of the annual disposition of the gambling funds shall be provided to the City Clerk on or before February 2, 1989, and on or before the 2nd day of February each year thereafter. 611.04 Gambling Tax. Pursuant to Minnesota Statute 349.212, gambling tax is hereby imposed of three (3%) per cent of the gross receipts of each licensed organization from all lawful gambling less prizes actually paid out by the organization. Such tax shall be imposed and commenced to accrue as of January 1, 1989 and shall be payable at the office of the City Clerk of Lino Lakes, Minnesota, on February 2, 1989 and on the 2nd day of each month thereafter. 411 611.05 Records and Reports. • All qualified organizations operating gambling devises in the City of Lino Lakes shall keep monthly financial records of gambling proceeds and disbursements and shall submit copies of same to the City Clerk commencing February 2, 1989 and on the 2nd day of each month thereafter. Because of delays in receiv- ing bank statements, the said records shall be submitted by the 2nd day of the second month following the reportable month. As an example, the January records are due on March 2, 1989. 611.06 Background Information. Copy of all applications and reports required by and sub- mitted to the Minnesota Charitable Gambling Control Board shall also be submitted to the City Clerk of the City of Lino Lakes within seven (7) days after they are submitted to said Board. 611.07 Limitation of Gambling Licenses. No organization shall be permitted to conduct gambling in more than three (3) establishments within the City of Lino Lakes. As to organizations who are presently licensed to con- duct gambling in more than three (3) establishments, this limitation shall apply upon the expiration of such licenses that are in excess thereof. Further, only one (1) organization shall -2-