HomeMy WebLinkAboutCity Council Committees - Operations Committee - 03/19/2013 (2)
OPERATIONS COMMITTEE MINUTES
March 19, 2013
Committee Members Present: Les Thomas, Chair, Dennis Higgins and Elizabeth Albertson
The meeting was called to order by L. Thomas at 4:00 p.m.
1. APPROVAL OF MINUTES DATED MARCH 5, 2013.
D. Higgins moved to approve the Operations Committee minutes dated
March 5, 2013. L. Thomas seconded the motion, which passed 2-0.
2. APPROVAL OF CHECK SUMMARY REPORTS DATED 2/16/2013 THROUGH
2/28/2013.
D. Higgins moved to recommend that the City Council approve the Check Summary
Reports dated February 16, 2013 through February 28, 2013. L. Thomas seconded the
motion, which passed 2-0.
3. GAMBLING TAX FOR HOUSE BANKED CARD ROOMS.
B. Nachlinger and J. Hodgson presented the request from The Great American Casino to reduce
their gambling tax from 11% to 4% with a sunset of December 31, 2016. J. Hodgson clarified that
this reduction would for this organization only. D. Higgins mentioned that this is a request for relief
in their current situation.
E. Albertson joined the meeting at 4:06 p.m.
L. Thomas mentioned that lowering the rate from 11% to 4% is a long stretch.
E. Albertson agreed and added that the City has the authority to raise the tax to 20% but the City
chose not to. The tax rate was kept at 11% so that the Great American could continue their
operations. She said she does not feel comfortable lowering the tax to 4% right now. She said that
she is comfortable with 10% which is the same rate as neighboring cities.
D. Higgins added that he is uncomfortable going to 4 % as well. But if the Casino goes out of
business, there will no tax coming in to the city. He requested that the amount should be at 7%
with a sunset clause.
D. Higgins moved to reduce the amount of gambling tax from 11% to 7% of the gross
amount of revenue from Housed Banked Social Card games, with a sunset of December
31, 2016. L. Thomas seconded and E. Albertson objected. So the motion passed 2-1.
4. ISSUANCE OF THE CONSOLIDATED LID #363 BONDS- AUTHORIZE.
B. Nachlinger presented the Ordinance to issue series of Bonds for LIDs #359, 362 and 363. In
total these LIDs have a balance of 10.5 million dollars. LID 359 and LID 362 were financed
internally with funds available in the Street Fund. This has nothing to do with LID 364. This is a
consolidated issuance of 3 LIDs.
Operations Committee Minutes
March 19, 2013
Page: 2
E. Albertson moved to recommend Council approve the ordinance authorizing the
issuance of the Consolidated #363 LID Bonds and authorizing the Mayor to execute all
documents necessary for the issuance, subject to the final terms and conditions
acceptable to the City Attorney and the Finance Director.
The meeting was adjourned at 4:41 p.m. by L. Thomas.
___________________
Satwinder Kaur
Operations Committee Secretary