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Minutes of the Arden Hills Regular Council Meeting, 1-13-92 Page 2 RES. #91-73; Malone moved, seconded by Growe, to adopt Resolution ADOPT 1992 BUDGET No. 91-73, ADOPTING THE 1992 BUDGET, noting that the water and sewer enterprise funds now reflect total expenditures, including noncash depreciation expenses, as would be shown in the year end income statements of these funds; however, the budget docwnent also shows the cash outlays planned for capital equipment during the year. Motion carried unanimously. (5-0) Councilmember Mahowald questioned if the Auditor agrees with the change in presenting this information in the Budget document. City Accountant Swanson advised the Auditor was contacted and concurred with the change. RES. #92-06; Council was referred to a memorandum from the Clerk PREMISE PEEe= Administrator dated 1-9-92, and attached documents, ST. PAUL TURNERS relating to the request for renewal of the Premise CHAR. GAMBIME Permit for St. Paul Turner's Gymnastics Society. Mayor Sather explained that the Turner's organization has requested Council reconsider the renewal of the premise permit which was previously denied at the December 30, 1991 meeting. He referred to letter from Turner's dated 1-8-92, offering the City scholarships to be awarded to residents within the trade area, in lieu of a cash donation to meet compliance with the Ordinance. • Sather stated Attorney Filla has advised it would be extremely difficult to administer the scholarships and it is questionable if this type of donation would meet State Statute guidelines for lawful purpose contributions. The Mayor advised that during subsequent conversations with Turner's representatives, they agreed to provide the City with a promissory note in the amount of $20,000.00, to be drafted by the City Attorney and payable by March 29, 1992. Sather explained the actual premise permit for this organization expires March 31, 1992 and the City would have time to rescind the approval of the premise permit in the event the note is not paid. He questioned if this proposal is acceptable to 0ounci7members. Councilmember Mahowald cxmmmented the donations presented by Turner's and the proposal are a considerable improvement from previous suggestions for compliance. He questioned the amount of Turner's total net profit for 1991. Nancy Brunzel advised the total for 1991 is approximately $130,000.00; the amount due to fulfill the 50 percent requirement would be $54,500.00. Mahowald noted the $30,000.00 Committed this evening, $20,000.00 note in addition to the $14,000.00 from ten percent tax brings the organization into compliance. Mahowald further questioned if Turner's is confident the organization will be able to fulfill the 1992 requirement for expenditures in the trade area. P