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Regular City Council Meeting Monday,May 09,2011 Page 33 tinued representation on the DAB by the City Manager or his designee; allowing the DAB to make decisions on representation, under the auspices of the NSCF, whose advisory board it was; industry standards in charging administrative fees of up to 3% identified by the City upon the Foundation's creation, but that had never been implemented by the Foundation and was not a future intent; and current magnitude of the fund estimated at$700,000. Ms. Pust noted that make up of the Foundation was drawn from various organiza- tions, including youth athletic organizations, serving this community, and had been eventually a compromise composition after much debate. Johnson moved that the NSCF name be duly reflected in the City's ordinance. After further discussion, it was the consensus to bring back the agreement and or- dinance at a future meeting. Ms. Pust recognized the due diligence of Mr. Zibell in investing the funds, mak- ing the organization able to withstand the latest economic downturn. Ms. Pust advised that a law had now been adopted that would prevent speculative investing and advised that the Foundation would be returning in the future with a resolution to that effect for City Council action in recognizing this new legislation. Other Gambling Issues Ms. Pust advised that there were numerous legal revisions needed in the City's ordinance due to the repeal of many referenced State Statutes; however, she de- ferred to the City Attorney to make those revisions and recommendations to the City Council. Councilmember Johnson opined, for the public record, that outside gambling foundations seeking to manage gambling sites in Roseville be prevented form doing so. Councilmember Johnson noted that the current ordinance is prohibitive for existing gambling organizations in Roseville to have more than one site, addi- tional investigation had been done to determine if other non profits were interest- ed in sponsoring or hosting another license. In short, Councilmember Johnson advised that Finance Director Miller had sent out a letter to those gambling asso- ciation licensees to seek their interest in carrying a second license, with only two (2) affirmative responses: B-Dale Club and North Suburban. Councilmember Johnson noted that Roger Toogood of the RCL had also sought input within the community of other non profits that may be interested in hosting a license; with no responses to-date. Councilmember Johnson noted that the RCL endorsed Roseville-based organizations hosting up to two (2) sites at this time. Councilmember Johnson suggested several things for the City Attorney to add, including language prohibiting non-Roseville gambling associations taking part in