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SECOND AMENDED AGREEMENT <br /> RELATED TO THE <br /> ROSEVILLE COMMUNITY FUND <br /> This Second Amended Agreement made this day of May, 2011,by and between the <br /> City of Roseville ("City") and the North Suburban Community Foundation ("NSCF"), a <br /> Minnesota nonprofit corporation, is effective as of the date above written. <br /> WHEREAS, the City desires to establish, and NSCF is willing to hold and administer, a <br /> charitable fund to be known as the Roseville Community Fund("Fund"). <br /> THEREFORE, the parties agree as follows: <br /> 1. NSCF will hold and administer all property which the City or any other person or <br /> organization contributes to the Fund in accordance with the provisions of this <br /> Second Amended Agreement and the charitable purposes of the NSCF as <br /> described in its Articles of Incorporation and effective Bylaws, all of which <br /> provisions and amendments are hereby incorporated by reference. <br /> 2. One half of the proceeds from lawful gambling received from the City shall be <br /> held and maintained by NSCF as a permanent endowment. Subject to paragraphs <br /> 3, 4 and 5 of this Agreement, NSCF shall make available one half of the proceeds <br /> from lawful gambling received from the City and not more than 75% of the <br /> income from the endowment, as established annually by the NSCF, for allocation. <br /> 3. Unless amended or changed by the City, a Donor Advisory Board ("DAB") shall <br /> be established to represent the community of Roseville on behalf of the City <br /> Council. The DAB shall evaluate and recommend to the NSCF the distribution of <br /> monies from the Fund for the benefit of the community of Roseville. <br /> A. The DAB shall be made up of 13 members and <br /> shall be governed under bylaws and rules as set out by resolution passed <br /> by the Board of Directors of NSCF. <br /> Youth Athletic organizations 2 <br /> Schools 1 <br /> Chamber of Commerce 1 <br /> Non athletic 501(c)(3) organizations 2 <br /> Roseville City Manager or designee 1 <br /> Clergy Faith Communities 1 <br /> Fraternal organizations 1 <br /> Service clubs 1 <br /> B. As further required by the City Council of the City of Roseville, at least <br /> five(5)members of the DAB must be female. <br /> 1 <br />