Laserfiche WebLink
The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community <br />engagement that encourages and inspires prosperity <br /> <br /> <br />Request for Action <br /> <br />To <br />City Council <br />Item Number <br />4.7 <br /> <br />Meeting Date <br />December 2, 2024 <br />Prepared By <br />Joe Stremcha, Business Services Director/Assistant <br />City Administrator <br /> <br />Item Description <br />FT Center Lease for Lawful Gambling Activity <br />Reviewed by <br />Cal Portner <br />Tina Allard <br /> <br />Action Requested <br />Approve, by motion, a lease agreement with ERYHA for lawful gambling activity. <br /> <br />Background/Discussion <br />Elk River Youth Hockey Association has expressed interest in operating a pull tab operation at the Overlook <br />lounge within the FT Center. ERYHA will apply for an additional pull tab location within the City of Elk River <br />upon agreement for the lease space at the maximum allowable rate per state statute. <br /> <br />ELECTRONIC GAMES: Monthly rent to be paid: 15%, not to exceed 15% of the gross profits for that month <br />from electronic pull-tab games and electronic linked bingo games. ALL OTHER GAMES: Monthly rent to be <br />paid: 20%, not to exceed 20% of gross profits from all other forms of lawful gambling. <br />▪ If any booth sales are conducted by a licensed organization at the premises, rent may not exceed 10% <br />of gross profits for that month and is subject to the booth operation's $1,750 cap. <br /> <br /> <br />Financial Impact <br />ERYHA has an established gambling operation. The Minnesota Gambling Control Board's FY2024 <br />Organization Annual Report Summary (November 12, 2024) shows ERYHA's gross receipts totaled <br />$20,905,863 with prizes paid totaling $18,333,434 and net receipts in the amount of $2,572,429. <br /> <br />Mission/Policy/Goal <br />Together we win <br /> <br />Attachments <br />1. Pull Tabs LG 215 RInk Permit - FT Center <br />2. MN Gambling Control Board FY2024 Organization Annual Report Summary <br /> <br /> <br />Page 137 of 211