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ORD 12-04ORDINANCE NO.: 2012-04 CITY OF OTSEGO COUNTY OF WRIGHT, MINNESOTA AN ORDINANCE AMENDING THE CITY CODE of THE CITY of OTs Go REGARDING LAWF fL GAMBLING. THE CITY COUNCIL OF THE CITY of OTSEGO DOES HEREBY ORDAIN; Section 1, Section 7-12-4 of the City Code is hereby amended to revise the following definition: Trade Area: The City of Otsego, City of Albertville, City of Rogers, City of Monticello and Monticello Township. Section 2. Section 7-12-13 of the City Code is hereby amended to read as follos: -12-4 3: CONTRIBUTION of NET PROFITS TO FUND ADMINISTERED BY CITY: A. Each organization licensed to conduct lawful gambling within the City pursuant to Minnesota Statute, Section 349. 6, as it may be amended from time to time, shall contribute ten percent of its net profits derived from lawful gambling in the City to a fund' administered and regulated by the City without cost to the fund. B. Payment required by Section 7-12-13.A of this Section shall be made en within thirty 30days of the end of each quarter of the year. C. The City shall disburse the funds for lawful purposes oses as defined by Minnesota Statutes Section 349.12, Subdivision 25, as it may be amended from time to time. D. The City's use of such funds collected pursuant to Section 7-12-13.A of this Section shall be determined resolution of the City Council. I Section 3* This Ordinance shall become effective immediately upon its passage and publication. MOTION Y: CM HEIDNER SECOND Y: CM SCHR DER . ALL IN FAVOR: MAYOR S'O K W; CM HEI N R, CM SCHRE ER, CM SOBER, Ci DARUWALD_ THOSE PS: NONE ADOPTED by the City Council of the City of Otsego this 26th day of March, 20120 ATTESTS dainv%U�M' 4 Tams Loff, City Clerk 2 CITY OF OTSEGO Y: Je6iica L. Stockamp, mayor r