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HomeMy WebLinkAbout91-1113 Gambling RESOLUTION ENDORSING RIVERBOAT GAMBLING IN ELGIN, ILLINOIS WHEREAS, the State of Illinois has adopted the Riverboat Gambling Act (Public Act 86-1029) which, effective as of February 7, 1990, legalized riverboat gambling on navigable waterways in the State of Illinois including the Fox River running through the City of Elgin, Illinois; and WHEREAS, the Riverboat Gambling Act states that the Illinois Gaming Board may issue a license authorizing a riverboat to dock in a municipality only if, prior to the issuance of the license, the governing body of the municipality has by a majority vote approved the docking of riverboats in the municipality; and WHEREAS, Messrs . Peter Simon, Michael Ensign, William Richardson, and David Belding have presented to the City their plan for the establishment of riverboat gambling facility on the Fox River within the corporate limits of the City of Elgin to be owned and operated said individuals or by an entity which they will own and control; and WHEREAS, it appears that the establishment of riverboat gambling within the corporate limits of the City of Elgin, Illinois, will generate substantial tax revenues for and increase employment opportunities within the City of Elgin and will otherwise be in the best interests of the City. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that the City of Elgin hereby endorses and supports the issuance by the Illinois Gaming Board to Messrs . Simon, Ensign, Richardson, and Belding, or to an entity owned and controlled by them, of an Owner's License as provided in Section 6 of the Riverboat Gambling Act in order that they, individually or by means of an entity owned and controlled by them, may establish, own, and operate on the Fox River a riverboat gambling facility which docks within the corporate limits of the City of Elgin. Dated this 13th day of November, 1991 . s/ George VanDeVoorde George VanDeVoorde, Mayor Presented: November 13, 1991 Adopted: November 13, 1991 Vote: Yeas 4 Nays 3 Recorded: Attest: s/ Dolonna Mecum Dolonna Mecum, City Clerk