1. Eligibility: Raffle (the “Raffle”) is open to those who are age 18 as of the date of ticket purchase. The Raffle is only open to legal residents of the United States and is void where prohibited by law.  The Raffle is subject to all applicable federal, state, and local laws and regulations. Void where prohibited.

2. Agreement to Rules: By participating, you agree to be fully unconditionally bound by these Rules, and you represent and warrant that you have read and understand the prize parameters and that you meet the eligibility requirements set forth herein. In addition, you agree to accept the decisions of Elizabeth City Downtown, Inc. as final and binding as it relates to the content. The Raffle is subject to all applicable federal, state, and local laws.

3. Raffle Period: Entries will be accepted starting Friday, April 1, 2023. Tickets will be sold from April 1 through May 31, 2023. If, during that period, the odds of winning reach 1 in 1200, ticket sales will cease. Drawing will be held Friday, June 2, 2023, at 4:30 pm. 

4. A minimum of 500 tickets must be sold between April 1 and May 31, 2023 in order to hold the Raffle drawing. In the event that ticket sales do not reach 500 by said date, there will be no Raffle drawing and price of ticket will be refunded to purchaser.   

5. How to Enter: Purchase of a raffle ticket.  A purchase may be made (a) online via the www.DowntownDigsEC.com “Buy Ticket” button; (b) by cash, check, or credit card payment at the Elizabeth City Downtown, Inc. office at 106 S. Water Street; or (c) by submitting an email with an intent to purchase to tickets@DowntownDigsEC.com and making payment of the responding invoice within 24 hours of receipt.  All checks must clear the bank prior to the Raffle Period deadline in order to be valid. Elizabeth City Downtown, Inc. does not accept liability for any lost or misdirected emails not received. 

6. Prizes:

   1. Main Prize – Free Living in Betsy Town Flats one bedroom or loft-style apartment for One Year*

      1. 12 consecutive months of rent paid on winner’s behalf for a Betsy Town Flats one bedroom or loft-style apartment.

      2. 1 designated parking space for 12 consecutive months.

      3. $2,400 toward utilities for 12 consecutive months ($200 per month).

      4. $5,000 toward a furniture allowance or other expenses (winner may choose to use these monies to pay required taxes due prior to prize acceptance).

      5. Free internet (this is included in the standard Betsy Town Flats lease. It is not calculated into the fair market value of the prize package).

      6. *Price package Fair Market Value ($23,000). *Taxes are the sole responsibility of the winner; Before awarding the prize, raffle sponsor is required to deduct federal taxes and/or receive payment (to be paid to IRS) based on the Fair Market Value of the prize package, less the amount wagered. Estimated taxes: $5,750. This may be deducted from the cash portion of the prize package or paid separately to the raffle sponsor. Click HERE for IRS requirements.

      7. Unit will be available for lease starting anytime between September 1, 2023 to January 2, 2024 (or any such time as raffle winner and Betsy Town Flats agrees) for twelve consecutive months.

      8. Winner will execute lease with Betsy Town Flats and must abide by all normal terms and conditions of the lease document. (Note: Unit may not be subleased or rented on AirBNB or any other short-term leasing entities. Prize may be gifted to another; however, the lease will be executed in the name of the primary tenant.)

      9. Betsy Town Flats reserves the right to perform its standard credit reporting before the winner executes the lease agreement.

      10. Once lease is executed between Winner and Betsy Town Flats, Elizabeth City Downtown, Inc. will pay in full to Betsy Town Flats the full amount of one year’s rent on behalf of the Winner. No refunds will be made if Winner withdraws from the lease before the end of the twelve-month lease period. 

      11. In the event the Winner fails to qualify as a tenant, they may alternately choose and receive the $15,000 cash prize option. 

   2. Alternate Prize Option -- $15,000 cash*

      1. Winner may choose a $15,000 cash prize option in lieu of the Main Prize.

      2. *Taxes are the sole responsibility of the winner; Before awarding the prize, raffle sponsor is required to deduct federal taxes and/or receive payment (to be paid to IRS) based on the prize amount, less the  amount wagered. Estimated taxes: $3,725. This may be deducted from the cash portion of the prize package or paid separately to the raffle sponsor. Click HERE for IRS requirements.

   3. Winner will have fifteen (15) days from notification of award to choose between the Main Prize (Free Living) or the Alternate Prize ($15,000 cash). 

7. Winner must agree to provide to Elizabeth City Downtown, Inc. all information and documentation as required by the Internal Revenue service for reporting purposes.

8. Any and all prize related expenses, including without limitation any and all federal, state, and/or local taxes shall be the sole responsibility of the winner. Before awarding the prize, Raffle sponsor is required to deduct federal taxes and/or receive payment (to be paid to IRS) based on the prize amount (or Fair Market Value of prize package), less the amount wagered. This may be deducted from the cash portion of the prize package or paid separately to the Raffle sponsor.

9. Acceptance of prize constitutes permission for Elizabeth City Downtown, Inc. to use winner's name, likeness, and entry for purposes of advertising and trade without further compensation, unless prohibited by law.

10. Odds:  The odds of winning depend on the number of eligible entries received not to exceed 1 in 1200.

11. Winner selection and notification: Winners of the Raffle will be selected in a random drawing under the supervision of Elizabeth City Downtown, Inc. Winners will be notified via email or telephone to the email address and/or phone number they provided at entry.  Winner will be notified within five (5) days following the winner selection. Elizabeth City Downtown, Inc. shall make every effort to contact the winner, but shall have no liability for a winner's failure to receive notices due to winners' spam, junk e-mail or other security settings or for winners' provision of incorrect or otherwise non-functioning contact information. If the selected winner cannot be contacted, is ineligible, fails to claim the prize within five (5) days or one hundred twenty (120) hours from the time award notification was sent, or fails to timely return a completed and executed declaration and releases as required, prize may be forfeited and an alternate winner selected.

12. The receipt by winner of the prize offered in this Raffle is conditioned upon compliance with any and all federal and state laws and regulations. Any violation of these official rules by any winner will result in such winner’s disqualification as winner and all privileges as winner will be immediately terminated.  

13. Limitation of Liability: By entering you agree to release and hold harmless Elizabeth City Downtown, Inc. and Betsy Town Flats and their subsidiaries, affiliates, advertising and promotion agencies, partners, representatives, agents, successors, assigns, employees, officers and directors from any liability, illness, injury, death, loss, litigation, claim or damage that may occur, directly or indirectly, whether caused by negligence or not, from (i) such entrant's participation in the Raffle and/or his/her acceptance, possession, use, or misuse of any prize or any portion thereof, (ii) technical failures of any kind, including but not limited to the malfunctioning of any computer, cable, network, hardware or software; (iii) the unavailability or inaccessibility of any transmissions or telephone or Internet service; (iv) unauthorized human intervention in any part of the entry process or the Promotion; (v) electronic or human error which may occur in the administration of the Promotion or the processing of entries.

14. Disputes: This Raffle is governed by the laws of The United States of America and the State of North Carolina. Without respect to conflict of law doctrines. As a condition of participating in this Raffle, participant agrees that any and all disputes which cannot be resolved between the parties, and causes of action arising out of or connected with this Raffle, shall be resolved individually, without resort to any form of class action, exclusively before a court located in the State of North Carolina having jurisdiction. Further, in any such dispute, under no circumstances will participant be permitted to obtain awards for, and hereby waives all rights to claim punitive, incidental, or consequential damages, including reasonable attorneys' fees, other than participant's actual out-of-pocket expenses (i.e. costs associated with entering this Raffle), and participant further waives all rights to have damages multiplied or increased.

15. Sponsor:  The Sponsor of the Raffle is Elizabeth City Downtown, Inc., a 501(c)(3) non-profit entity located at 106 S. Water Street, Elizabeth City, NC, USA and is legally authorized under NC General Statute § 14-309.15 to hold this raffle.

16. Proceeds: Proceeds from the Raffle will go toward fulfilling Elizabeth City Downtown, Inc.'s charitable mission of the revitalization of Downtown Elizabeth City. 

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