DISCLAIMER

 

06-0568R


RESOLUTION APPROVING THE TRANSFER OF STOCK OF THE ON SALE INTOXICATING LIQUOR LICENSE OF CW CHIPS BAR/GRILL, INC. (TWIN’S BAR), 501 EAST FOURTH STREET.

BY COUNCILOR KRAUSE:

     BE IT RESOLVED, that the city council of the city of Duluth approves the transfer of stock of the following on sale intoxicating liquor license and on sale Sunday license for the period ending August 31, 2006, subject to departmental approvals and the payment of sales and property taxes:

           CW Chips Bar/Grill, Inc. (Twin’s Bar), 501 East Fourth Street, with Mark Glad, president and 29 percent stockholder, Lori Glad, secretary and 1 percent stockholder, Michael Lemon, vice president and 19 percent stockholder, and Charles Lemon, treasurer and 51 percent stockholder.


Alcohol, gambling and tobacco commission discussion of 8/2/206: Mark Glad was present on behalf of the application. Mr. Glad explained that this is only a stock transfer with no changes to the operation. He continued saying that Charles Lemon was sole stockholder before and now the stock is being split four ways. There being no further discussion, Mr. Serre moved that THE APPLICATION OF CW CHIPS BAR/GRILL, INC. (TWINS BAR), 501 EAST FOURTH STREET, FOR TRANSFER OF STOCK OF THE ON SALE INTOXICATING LIQUOR LICENSE AND ON SALE SUNDAY LICENSE FOR THE PERIOD ENDING AUGUST 31, 2006, WITH MARK GLAD, PRESIDENT AND 29 PERCENT STOCKHOLDER, LORI GLAD, SECRETARY AND 1 PERCENT STOCKHOLDER, MICHAEL LEMON, VICE PRESIDENT AND 19 PERCENT STOCKHOLDER, AND CHARLES LEMON, TREASURER AND 51 PERCENT STOCKHOLDER BE APPROVED, AND THE SAME BE RECOMMENDED TO THE CITY COUNCIL FOR APPROVAL. Mr. Anderson seconded the motion and it was unanimously approved.