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<br /> --.--.--- <br /> . ' <br />Arden Hills counci I 8 June 29, 1992 . <br /> profit contribution requirement retroactive to 1/1/92; <br /> Counci I consider imposing a 1% gambling tax. <br />- In recognition of state tax burdens, reduce trade area <br /> spending requirements from 50% to 30% <br />- Initiate the use of a standardized reporting format for <br /> charitable gambling licensees. <br />Post added that his research revealed that state laws, which <br />changed after the adoption of the City regulations, make the <br />City regulations somewhat unrealistic. He added that <br />definitions of gross profit, net profit, lawful expense, <br />etc. must be clearly understood by all licensees. <br />Mayor Sather suggested discussing this issue at the upcoming <br />worksession, He added that the original intent of the 50% <br />trade area spending requirement was to encourage 1 oca 1 <br />benefit from charitable gambling. Councilmember Malone <br />clarified that current City regulations, when practically <br />applied, simply don't "work" any longer because of the <br />financial effect of increased state burden on licensees, <br />Temporary ACCountant Post advised that an informal meeting <br />has been scheduled for July 10, the purpose of which is to . <br />receive input from charitable gambling licensees. Council <br />agreed to revisit this issue at the ,Jul y 20 worksession. <br />~ISCUSSION OF SITE_RLAN REVIEW <br />APPLICATION - DENNIS FOSTER <br />Per request from Dennis Fost.er's attorney, Thomas Balyk, <br />this agenda item was moved to the July 13, 1992 regular <br />Council agenda. <br />COUNCIL CO~ENTS <br />WORKSESSION SCHEDULING <br />MOTION: Malone moved, seconded by Growe, to schedule a Council <br /> worksession On July 20, 1992 at 4:30 p.m. Moti on <br /> carried unanimously (4-0). <br />KEITHSON POND <br />Councilmember Hicks thanked Councilmember Malone for <br />summarizing the Keithson Pond issue for communication to <br />residents. <br />DEFEASANCE OF 1985 BaNDS . <br />Temporary Accountant Post updated Counci 1 with regard to <br />defeasance of 1985 bonds and stated that the Finance <br />Committee has studied this issue and provided <br />