Item Coversheet
 AGENDA ITEM SUMMARY 

Recommendation to Approve the Request from Prairie Center Arts Foundation to Hold Raffles
10/22/2024
Village Board Meeting

Presenter: Lisa Petersen
Lead Department:Finance
Executive Summary: 
 Request from Prairie Center Arts Foundation to hold raffles on 11/15/24 and 11/16/24 at Al Larson Prairie Center for the Arts, 201 Schaumburg Court. Tickets will sell for two for $5 or five for $10 for the 50/50 raffle. The total dollar amount of prizes awarded is a 50/50 split the pot. Tickets for the gift basket raffle will sell for 20 for $20. Value of prizes awarded is estimated at $2,382.  Their board voted unanimously to waive the fidelity bond requirement and requests the same from the Village Board.
 Recommended Action:
 Request from Prairie Center Arts Foundation to hold raffles 11/15/24 and 11/16/24 at the Al Larson Prairie Center for the Arts, 201 Schaumburg Court.  Tickets will sell for two for $5 or five for $10 for the 50/50 raffle. The total dollar amount of prizes awarded is a 50/50 split the pot. Tickets for the gift basket raffle will sell for 20 for $20. Value of prizes awarded is estimated at $2,382.  Their board voted unanimously to waive the fidelity bond requirement and requests the same from the Village Board.
 
ATTACHMENTS:
DescriptionType
Application Exhibit
Fidelity Bond Waiver RequestExhibit