HomeMy WebLinkAbout6939 - ADMIN Resolution - City Council - 1981/09/08SEPTEMBER 8, 1981
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RESOLUTION NO. 6939
RESOLUTION RELATED TO LAPSED LIQUOR LICENSE:
OTTEN REALTY, INC.
WHEREAS, on January 5., 1976, the St. Louis Park City Council
granted an on -sale, Sunday -sale intoxicating liquor license to Otten
Realty, Inc., for a 200 -unit full-service hotel to be located at approxi-
mately 6431 Wayzata Boulevard; and
WHEREAS, although undeveloped, the hotel remains in accordance with
the approved overall special permit for Lou Park Addition; and
WHEREAS, Otten Realty, Inc., has renewed its liquor license
annually at a total cost of $25,900 plus the additional costs of main-
taining its required insurance and bond; and
WHEREAS, in July, 1981, because the property was not yet under
construction, and due to the extremely high prevailing interest rates
development in the foreseeable future appeared indeterminable, Otten
Realty, Inc., elected to not remit its second -half payment and allowed
the license to lapse;
THEREFORE; the.St. Louis Park City Council acknowledges that the
nonrenewal of the license was voluntary on the part of the licensee,
and the license was not revoked nor suspended due to violation of any
conditions of the City's ordinances or State licensing laws.
At et:
Adopted by the City Council September 8, 1981.
Reviewed for administration:
ity Manager
Approved as to fo and legality:
City Attorney