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HomeMy WebLinkAboutORDINANCES-2020-017-O-201 /2/2020 17-0-20 AN ORDINANCE Amending City Code Section 3-4-8(B), Liquor License Conditions for Stock Sales of More than Fifty Percent of the Company that Owns License NOW BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS: SECTION 1: Section 3-4-8(B) of the Evanston City Code of 2012, as amended, is hereby further amended by requiring a new license for stock sales of more than fifty percent of the company that owns the license, as follows: (B) Change in Personnel. 1. Any changes in partnerships, officers, directors, persons holding directly or beneficially more than five percent (5%) of the stock or ownership interest, or managers of establishments licensed under this Chapter, shall be reported in writing to the local liquor control commissioner within ten (10) days of the change. All new personnel shall meet all the standards of this Chapter and must otherwise qualify to hold a liquor license. All such changes in personnel shall be subject to review by the local liquor control commissioner. 2. When a license has been issued to a partnership and a change of ownership occurs resulting in a partnership interest by one who is not eligible to hold a liquor license, said license shall terminate. 3. When a license has been issued to a corporation and a change takes place in officers, directors, shareholders of more than five (5) percent of the stock or managers resulting in the holding of office or such shares of stock by one (1) who is not eligible for a license, said license shall terminate. 4. If more than fifty percent (50%) of the beneficial ownership of any license holder is transferred to another person or entity within a three hundred sixty-five (365) day period, then the license shall terminate thirty (30) days following the effective date of the last transaction. 17-0-20 45. When a license has been issued to an individual who is no longer eligible for a license, said license shall terminate. 56. When a licensee ceases to operate and closes its business premises, said license shall terminate. SECTION 2: All ordinances or parts of ordinances in conflict herewith are hereby repealed. SECTION 3: This ordinance must be in full force and effect after its passage, approval, and publication in the manner provided by law. SECTION 4: If any provision of this ordinance or application thereof to any person or circumstance is ruled unconstitutional or otherwise invalid, such invalidity must not affect other provisions or applications of this ordinance that can be given effect without the invalid application or provision, and each invalid provision or invalid application of this ordinance is severable. Introduced: d ��Uoj(kj a , 2020 Adopted: 7F-V voirV 10 , 2020 J Attest: Deaeft-Reld, i,1ly CtM (/ Approved: 12 , 2020 r_1 ZL22� 4< tep e H. "aor I Approved as to form: � � (",- - 1% Deputy City Attorney -2-