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Council Member Bergeson <br />adoption: <br />introduced the following resolution and moved its <br />CITY OF LINO LAKES <br />RESOLUTION NO. 96 - 87 <br />RESOLUTION ACCEPTING DONATION FROM THE DEAD BROKE SADDLE <br />CLUB <br />WHEREAS: the Lino Lakes Gambling Code, Section 611.03, requires; "during any <br />year that an eligible organization is licensed to conduct gambling events, <br />not less than ten (10%) percent of the net profits from the operation of the <br />gambling by charitable organizations shall be used annually for charitable <br />purposes directly benefiting residents of the City of Lino Lakes", and <br />WHEREAS, the Dead Broke Saddle Club was made aware of the Gambling Code <br />requirement and wishes to donate a portion of their requirement directly to <br />benefit certain residents of the City and to donate the balance of the <br />requirement, $2,266.73 in cash to the City for distribution by the City to <br />benefit citizens of Lino Lakes, <br />NOW THEREFORE, BE IT RESOLVED, that the City of Lino Lakes hereby accepts <br />the donation of $2,266.73 and will designate its use at a later date. The City of Lino <br />Lakes wishes to express its gratitude to the Dead Broke Saddle Club for its donation. <br />Adopted by the Lino Lakes City Council this 12th day of August, 1996. <br />Marilyn G derson, Clerk -Treasurer <br />L. Landers, Mayor <br />The motion for the adoption of the foregoing resolution was duly seconded by Council <br />Member Neal and upon vote being taken thereon, the following voted in <br />favor thereof: Bergeson, Kuether, Lyden, Neal, Landers <br />The following voted against same: none. <br />Whereupon said resolution was declared duly passed and adopted. <br />