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File #: MO 22-206    Version: 1 Name: Lucy's Burgers Entity Consolidation
Type: Motion Status: Passed
File created: 12/19/2022 In control: City Council
On agenda: 12/19/2022 Final action: 12/19/2022
Title: Lucy's Burgers - Consolidation
Sponsors: City Council
Attachments: 1. Executed Membership Interest Sale & Purchase Agreement with Exhibits, 2. Lucy's Org Chart

Consent- Cathy Sorensen, City Clerk

 

Title

Title

Lucy’s Burgers - Consolidation

end

 

Executive Summary

Council is asked to acknowledge restructuring of Lucy’s Burgers.

 

Background

Currently Lucy’s Burgers is maintained as separate entities for their three locations in the metro area as well as the food truck.  Each entity currently has separate business entities with separate tax identification numbers and insurance policies.   After review Lucy’s Burgers has determined it would be better to merge all entities into a single company, Lucy’s Burgers LLC.  There will be no change in ownership and no change to the responsible party and staff recommends approval as required by city code.

Strategic Plan Relationship

N/A

 

Board/Commission Review

N/A

 

Financial Impact

N/A

 

Public Outreach/Input

N/A

 

Staff Recommendation

By motion, approve corporate office change as outlined.

 

Attachment List

Executed documents

Organizational chart