HomeMy WebLinkAboutResolution No. 099-22 - Resolution - Ownership Transfer of a Full Intoxicating Liquor License for Tailwind RST LLC
RESOLUTION
Approving the license transfer of Tailwind RST, LLC DBA Tailwind due to changes
in ownership structure.
WHEREAS, Tailwind RST, LLC (“the company”) was previously co-owned by Mr. Alan Mark
Giaquinto (who controlled 51 percent) and Mr. Jeffrey Douglas Switzer (who controlled 49
percent); and,
WHEREAS, Tailwind Hospitality, Inc has now taken 100 percent ownership in the company;
and,
WHEREAS, Rochester Code of Ordinances 5-19-20 (a) does so stipulate that:
“…any change of ownership or beneficial interest in 25 percent or more of the shares of
stock in a corporate licensee shall be deemed equivalent to a transfer of the license, and
the same shall not become effective until approved by the council.”
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester
that the City does hereby approve an ownership transfer of the full- intoxicating and special
Sunday liquor licenses for Tailwind RST, LLC DBA Tailwind operating at 7600 Helgerson
Dr Rochester, MN 55902 to Tailwind Hospitality Inc.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS__________DAY OF______________, 2022.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS_____DAY OF_____________________, 2022.
__________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)