(A) All state licensed organizations conducting lawful gambling within the city shall expend or contribute 80% of their net profits on lawful purposes within the city’s trade area. This section is limited to lawful purpose expenditures of net profits derived from lawful gambling conducted at premises within the city. Real estate taxes and assessments paid pursuant to Minn. Stat. § 349.12, Subd. 25(a), as it may be amended from time to time, on real property located in the city shall be considered a lawful purpose expenditure in the trade area.
(B) A lawful purpose within the city’s trade area means and includes an entity located outside the city’s trade area which benefits residents within the city’s trade area.
(1992 Code, § 499:55) (Ord. 1216, passed 11-16-1999; Ord. 1235, passed 6-20-2000; Ord. 1594, passed 8-20-2019)