Sweet Home Dakota House Raffle the Raffle

HOW TO ENTERoverviewthe housethe dahlthe raffleRulesSWEET HOME DAKOTA HOUSE RAFFLE RULES

BY ENTERING THIS RAFFLE, ENTRANTS ACCEPT AND AGREE (1) TO BE BOUND BY ALL THE RULES, LIMITATIONS AND RESTRICTIONS SET FORTH HERE AND (2) THAT THEIR NAMES AND/OR LIKENESSES MAY BE DISCLOSED TO AND USED BY THE NEWS MEDIA AND MAY OTHERWISE BE USED BY THE RAPID CITY FINE ARTS COUNCIL, INC. OTHER RULES AND REGULATIONS MAY APPLY.

A ticket represents a chance to win the opportunity to accept an offer of the stated prize as per the terms and conditions set forth herein and in the Winner Notification Agreement.

The purchase of a raffle ticket constitutes full agreement by the purchaser to all terms and conditions set forth herein and in the Winner Notification Agreement.

No one will be eligible to win who procures a ticket through a check returned for insufficient funds or through charge to a credit card that is declined, invalid or stolen.

Mailed application forms must be postmarked by or before Friday, December 11, 2009; faxed, online, and phone orders must be received by 5 p.m. Monday, Dec 14, 2009, to be eligible for the drawing. The Rapid City Fine Arts Council, Inc. is not responsible for applications lost in the mail or through email or fax.

A maximum of 5,000 tickets will be sold. If less than 3000 tickets have been sold by 5:00 p.m. on Monday, December 14, 2009, the raffle will be cancelled, and each ticket holder will be refunded their $100 purchase price.

All ticket purchasers agree that the raffle ticket winner will become the Assignee of the house and that the said Assignee will take the property "as is," "where is," subject only to the claims, if any, to the state of title to the parcel which will be merchantable title as defined by the title standards of the South Dakota State Bar Association. That notwithstanding, the winner or purchaser will be provided by ABC Design & Construction, with a New Home Warranty limited solely to statutory remedies set out in South Dakota Codified Laws as of July 1, 2009. The deed from ABC Design & Construction conveying title to the house will contain the usual warranty of title subject to restrictions such as covenants, conditions, easements and rights of way of record which can be reviewed at any time prior to the raffle date upon request. Prize value of approximately $215,000.

Winner will be notified by Winner Notification Agreement, to be sent by certified, return receipt U. S. mail. Winner will have 10 days from the date of receipt of the Winner Notification Agreement to accept the prize by executing and returning the Winner Notification Agreement pursuant to the terms and conditions stated therein upon which appropriate deed will be executed and delivered. If the executed Winner Notification Agreement is not received within said period, the prize will be automatically forfeited and will be offered to the next runner-up in the same manner and under the same conditions above stated. Transfer of title will be accomplished by delivery of deed at closing.

Access to the house by winner will be restricted until fully and unconditionally accepted by the winner pursuant to the terms and conditions set forth herein and in the Winner Notification Agreement and complete delivery is made to the winner. The house remains sole property of ABC Design & Construction until delivery of deed.

The winner in the Sweet Home Dakota House Raffle is subject to any and all applicable federal, state and local taxes payable due to their acceptance of their prize.

The winner of the house will be responsible for property taxes, assessments and insurance accruing after the date of transfer of title to the winner. The IRS requires that taxes on prizes valued greater than $5000.00 must be paid upon acceptance. Such taxes must be paid before ABC Design & Construction will deliver the house to the winner. Winners are encouraged to consult a tax professional before signing the Winner Notification Agreement.

The winner of the house will be subject to all applicable zoning laws and land use regulations, including covenants and/or restrictions imposed by Copperfield Vistas subdivision.

Furniture and accessories in the home are for display only and not included in the prize.

The $100 ticket price, payable to Rapid City Arts Council is not deductible for federal income tax purposes.

Winner need not be present at the drawing. An announcement of the winner will be made public on December 19, 2009 at the Dahl Arts Center.

Purchasers must be eighteen (18) years or older at the time of purchase in order to participate.

Void where prohibited by law.

Ticket sales and drawing will be verified by Ketel Thorstenson, LLP.

Terms and conditions of the agreement dated July 1, 2009 by and between ABC Design & Construction and Rapid City Fine Arts Council, Inc. are incorporated herein by this reference. (Available for examination by purchaser upon request at reasonable times at the Dahl Arts Center, Rapid City, South Dakota.

Raffle proceeds will be used to pay for the cost and expenses of the house; real estate and improvements, and all non-donated closing costs. The balance of the proceeds after payment of costs of raffle, purchase of the house and payment of closing costs shall be retained by the Rapid City Fine Arts Council, Inc. for its 501(c)(3) charitable purposes in support of the arts in Rapid City, South Dakota.

The Rapid City Fine Arts Council, Inc. and ABC Design & Construction are only independent contractors of the other, and are not intended to be and should not be argued to be operating as joint venturers, partners, principals-agents, employers-employees, or under any relationship other than that of at-arm's length independent contractors.

FAQFREQUENTLY ASKED QUESTIONS

What is the value of the house?

Estimated value of the house is $215,000. The winner will have the opportunity to have the house appraised for tax purposes.

Will I need to pay taxes if I win?

Yes! There is no escaping the IRS. The Sweet Home Dakota House Raffle is a lottery and as in all lotteries, the winner needs to pay taxes on the winnings.

What is the tax liability associated with winning the house?

The raffle is a lottery, and as such, the total of the appraised value of the home plus the winner's current income would determine the tax rate levied. Please consult a tax professional to advise on the specifics of your situation.

What if I don't have money to pay the taxes or have bad credit and can't borrow it?

Most people would be able to use the house as collatoral to get a loan to pay the taxes. You might be able to get a loan with a co-signer.

What if I don't need a home and don't want to live there?

You can sell the home, give it to a family member, rent the home or donate it to your favorite charity. While home sales are down in many parts of the country, the Rapid City housing market is good for homes in this price range.

What is the Rapid City Arts Council?

The Rapid City Arts Council is the not-for-profit organization that manages the Dahl

Arts Center on behalf of the citizens of Rapid City. The arts council has a staff of

9 full-time employees, 6 part-time employees and works with approximately 400

volunteers in a year. The arts council is headed by Executive Director, Linda Anderson

and an active board of 18 members.

The Rapid City Arts Council, through city-ordinance, is the group designated

to advise the city on arts matters.

What is the Dahl Arts Center?

The Dahl is acommunity-owned arts center which is the venue for many

quality visual and performing arts opportunities in the Black Hills region. The Dahl

was donated to the city of Rapid City by banker Art Dahl and his wife Agnes who commissioned an artist, Bernard P. Thomas, to paint a cyclorama of American heritage in the building. The original building included a visual arts gallery, sales gallery, offices, a classroom and a small 150 seat theater.

In January of 2009, the expanded Dahl opened. The $7.75 million Dahl Expansion was a collaboration between the City of Rapid City Vision 2010 Program and the Rapid City Arts Council. The facility features 3 rotating visual arts galleries, cyclorama gallery, children's interactive gallery, 280 seat event center, 3 visual arts classrooms, meeting spaces and offices. Many kinds of events and arts opportunities are made available to Rapid City residents and visitors to our area at the Dahl.

How is the Dahl funded?

In 2009, the City of Rapid City budget included $197,613 for utilities, maintenance

and facility staff for the Dahl. Vision 2010 contributed $3.75 million dollars with the Rapid City Arts Council and generous donors funding the remaining 4 million of the Dahl Expansion.

How is the Rapid City Arts Council funded?

The 2009 arts council budget is $707,129. The arts council raises money for program

at the Dahl through grants, fundraisers, membership drives, endowment and annual giving.

What do net proceeds from the Sweet Home Dakota House Raffle benefit?

Net proceeds benefit operations and programs of the Rapid City Arts Council

and programs at the Dahl.

Why this project? Why now?

For the first time in 35 years, the Rapid City Arts Council is faced with financial challenges as we transition into the newly expanded Dahl Arts Center. We knew this is a challenge we would face. But, why build a new beautiful arts center, if you cannot afford to fill it with the finest exhibits, art classes, concerts and events? Our goal is to fund the arts at the Dahl as a central component of the burgeoning downtown scene and complete the picture of a fun, exciting and welcoming community.

What other ways can I support the Dahl?

Become a member of the Dahl and enjoy benefits of membership.

Make an annual year-end gift to the Dahl.

Gifts can be directed to endowment funds held by the Black Hills Area Community Foundation.

Volunteer your time and talent.

ContactsQuestions? Media Requests?

Please contact:

Jessica Miller

Program Assistant

jessica_thedahl.org

605.394.4101 x207

Dahl Art Center Hours

Lobby + Galleries

Summer Hours

12 to 8 pm Tuesday - Friday

1 to 5 pm Saturday & Sunday

Closed on Mondays

Education + Administration

9 to 5 pm Monday - Friday

Entrance on Kansas City Street

Directions to the Dahl

_ the corner of kansas city street + seventh street. across from the public library

The Dahl Arts Center

713 Seventh Street

Rapid City, SD 57701

605.394.4101

www.thedahl.org