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Regular City Council Meeting Monday,May 09,2011 Page 31 ing. Ms. Pust noted that the City set up a 10% fund when passing their ordinance in 1992, with no changes occurring since the resolution was adopted in 1992. Ms. Pust noted that the City contracts with a non-profit organization, the NSCF, to disburse those funds as outlined. Ms. Pust noted that, in looking that the gam- bling ordinance, it was discovered that the City's Community Fund Agreement re- ferenced multiple outdated statutes and other items; and that an update of the Agreement was needed in order for the Ordinance and Amended Agreement to be consistent. Thus, Ms. Pust noted that at the recommendation of the NSCF she was in attendance on their behalf tonight. Agreement Ms. Pust noted that the only change in the Agreement Establishing the Roseville Community Fund (Attachment D) to the RCA dated May 09, 2011 (Agenda Item 13.d) was specifically correcting the name of the Foundation to "North Suburban Community Foundation," noting that the Foundation was not and never had been the "Roseville Community Foundation." Ms. Pust sought Council action to make the corrections as indicated. Agreement, Second Amended Agreement, and REVISED Second Amended Agreement Related to the Roseville Using the bench handout provided, and entitled, "SECOND Amended Agreement Related to the Roseville Community Fund; and superseding the agreement in- cluded in the agenda packet, Ms. Pust noted that the contract dated October 4, 1991, and later updated in 1994, needed several revisions. Page 1 Ms. Pust noted changed were needed in the Seconded Amended Agreement, paragraphs and 1 and 2, allowing for grants of up to 75%. Ms. Pust advised that the Foundation received the 10% funds directly from the City's Finance Director on a quarterly basis; and 50% of those funds went into an endow- ment, and 50% of the funds, in addition to interest earned on the endowment, were distributed to charitable organizations. Having been in operation for twenty years now, the Foundation was seeking authorization to make grants up to 75%, not currently allowed in the existing agreement. Page 1, Paragraph 3 —Donor Advisory Board (DAB) Ms. Pust provided a background on the formation of the Foundation and its advisory group (DAB) consisting of thirteen (13) people representing the or- ganizations lists in the agreement, who meet quarterly and accept applications from non-profits seeking funds; hearing their presentations and how the funds would be used to serve people in the community. Ms. Pust noted that the DAB made recommendations to the Foundation. Ms. Pust suggested changes as indicated in paragraph 3 would no longer de- fine those organizations represented on the DAB, but would signify no