Pursuant to M.S. § 349.213, Subd 1(f)(2), organizations conducting lawful gambling within the city must contribute 10% of their net profits derived from lawful gambling conducted at premises within the city to a fund administered and regulated by the city without costs to such fund, for disbursement by the city of the receipts for lawful purposes, or police, fire, and other emergency or public safety related services, equipment and training, excluding pension obligations, pursuant to M.S. § 349.12, Subd. 7a, as it may be amended from time to time. For purposes of this section, net profits are gross profits less amounts expended for allowable expenses and paid in taxes assessed on lawful gambling. Payment under this section shall be made on the last day of each month.
(Ord. 2014-02, passed 4-14-2014)