HomeMy WebLinkAboutResolution No. 058-21 - Ownership Transfer of a Wine and 3.2 Liquor License with Strong Beer Endorsement for Pasquale and Friend Corp
RESOLUTION
Approving the license transfer of Pasquale and Friend Corp. DBA Pasquale’s
Neighborhood Pizzeria due to changes in ownership structure.
WHEREAS, Pasquale and Friend Corp DBA Pasquale’s Neighborhood Pizzeria was
previously owned by Mr. Pasquale Presa, Mr. Chris Blum, Mr. Giuseppe Lanzino, and Mr.
Erik Crockett; and,
WHEREAS, Mr. Pasquale Presa, who previously had a 32 percent share, now retains 100
percent ownership in Pasquale and Friend Corp DBA Pasquale’s Neighborhood Pizzeria;
and,
WHERAS, 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 a wine and 3.2 percent liquor
license with a strong beer endorsement be issued to Pasquale and Friend Corp. DBA
Pasquale’s Neighborhood Pizzeria operating at 130 5th St SW, Rochester, MN 55902.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS__________DAY OF______________, 2021.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS_____DAY OF_____________________, 2021.
__________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)