Item Coversheet
 AGENDA ITEM SUMMARY 

Recommendation to Approve the Request from Schaumburg AM Rotary Club Foundation to Hold Raffles
10/8/2024
Village Board Meeting

Presenter: Lisa Petersen
Lead Department:Finance
Executive Summary: 
 Request from Schaumburg AM Rotary Club Foundation to hold raffles on October 19, 2024 at the Al Larson Prairie Center for the Arts, 201 Schaumburg Court. Tickets for a 50/50 raffle will sell for $5 each or an arm's length for $20. The total dollar amount of prizes awarded is a 50/50 split the pot.  Tickets for the bourbon raffle will sell for $10 each. Total dollar value is $150. Their board voted unanimously to waive the fidelity bond requirement and is requesting the same from the Village Board.
 Recommended Action:
 The Village Manager recommends the Village Board approve the request from Schaumburg AM Rotary Club Foundation to hold raffles on October 19, 2024, at Al Larson Prairie Center for the Arts, 201 Schaumburg Court and to waive the fidelity bond requirement.
 
ATTACHMENTS:
DescriptionType
ApplicationExhibit
WaiverExhibit
NFP ProofExhibit