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Liquor Store Performance <br />August 20, 1986 <br />Page 2 of 2 <br />If sold, the City would anticipated receiving approximately <br />$100,000 which would equal the cost value of the stock plus in- <br />store assets. It Is not anticipated that there would be any <br />value given for location or goodwill. Actual impact of the <br />arrangements of the value the City gets be a function of the <br />means of sale. Since the City owns no real estate, it has been <br />the opinion of the City Attorney that the sale would have to be a <br />sealed bit operation unless the City could get special <br />legislation to negotiate a sale of its assets which would be the <br />exception to the rule. If the -, ecial legislation could be <br />obtain d the City might be able to negotiate a possible sale to <br />the employees if they were interested. <br />PROPOSED MOTION: Moved by , seconded by to accept the <br />report on it and direct We Administrator o prepare in <br />conjunction with the 3rd Quarter report the steps -,nd issues for <br />the City to sell its liquor operation business. Ayes _, Nays <br />cc: Lorraine McGowan <br />Tom Kuehn <br />