Loading...
RES 12-20RESOLUTION NO.: 2012 - 20 CITY OF OTSEGO COUNTY OF WRIGHT, MINNESOTA A RESOLUTION DESIGNATING THE USE OF FUNDS COLLECTED FROM LAWFUL GAMBLING LICENSED BY THE CITY OF OTSEGO. WHEREAS, the City of Otsego has adopted Chapter 7, Section 12 of the City Code regulating lawful gambling within the City; and, WHEREAS, the City Code allows for lawful gambling within the City provided it is conducted in accordance with Minnesota Statutes, Sections 609.75 to 609.763 (as they may be amended from time to time), Minnesota Statutes, Sections 349.11 to 349.23, (as they may be amended from time to time), and the City Code; and, WHEREAS, Section 7-12-13 of the City Code requires each organization licensed to conduct lawful gambling within the City to contribute a percentage of its net profits derived from lawful gambling in Otsego to the City; and, WHEREAS, the City shall disburse said contributed funds for those lawful purposes as defined by Minnesota Statutes Section 349.12, Subdivision 25, as it may be amended from time to time; and, WHEREAS, Section 7-12-13.D of the City Code states that the City Council shall determine the use of said contributed funds by approval of a resolution. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Otsego that funds contributed to the City from lawful gambling operations licensed pursuant to the City Code shall be allocated to the Park Development Fund #203 to be used for the intended purposes of said fund as allowed by Minnesota Statutes Section 349.12, Subdivision 25, as it may be amended from time to time. MOTION BY: CM HEIDNER SECOND BY: CM SCHROEDER ALL IN FAVOR: MAYOR STOCKAMP; COUNCILMEMBERS: HEIDNER, SCHROEDER, SCHARBER AND DARKENWALD THOSE OPPOSED: NONE ADOPTED by the City Council of the City of Otsego this 26th day of March, 2012. CITY OF OTSEGO Jesldtr�- ATTEST: G,rr�`�I� 1,000 Tami Loff, City Clerk