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0 <br />To& Jim Andre <br />City Manager <br />A <br />Frome. Elid Burrell, <br />Fiin,a,nce Director <br />*1 0 <br />El, %-I e �* Gambi, inig Regulation <br />Attiacheld are three (3) proposals of gambl ing ordinances prepared <br />by City legal counsel which address regulation 'in different ways. <br />I have outlined bellow summaries of each proposed ordinance for <br />yio,u,r review as wiell as attached, various detail for your <br />11 <br />JLnf ormat31 on <br />Common Points <br />The following items are c,lommon i n all, three alternatives <br />0 1 10 <br />GO Plrov, ides f or f i ing of' dupliciatie Stiate Reports wiLth the City <br />0 <br /># Pays 3,% to the City for reigulation and investicrat live costs <br />.0 <br />Must submit an annual audited financial statement <br />Sets out application and 1 i0cense information required by the <br />C i ty <br />Differences <br />'We have 'itemized below, the major, attributes of each alternative. <br />Alternat-i've 1 <br />No requirementis are set out as to where gambling proceeds are <br />to f'low. <br />