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Regular City Council Meeting Monday, February 22, 2010 Page 16 of 50% or more of the stock and whether that would be considered ownership transfer, specific to their firm's consideration of an employee incentive program that would grant them stock options. Councilmember Pust clarified that language in that section is already in existing State law since the original City Ordinance was enacted in 1985, and the proposed language only served to make it clearer that City approval was required. Mayor Klausing closed the Public Hearing at 8:13 p.m. 12. Business Items (Action Items) a. Approve the Placement of a Water Ski Course and a Water Ski Jump on Lake Owasso Klausing moved, Johnson seconded, City Council recommendation to the Ramsey County Sheriff to issue a permit to the Lake Owasso Safe Boating Association for their requested water ski course and jump on Lake Owasso for the 2010 season. Roll Call Ayes: Johnson; Pust; Roe; and Klausing. Nays: None. b. Adopt Ordinance, Chapter 302, Liquor Control related to Conditions of Li- cense and Civil Penalty Councilmember Pust thanked business owners for attending tonight's meeting and providing input from their perspective; and thanked the Police Department for providing notice of the meeting to those license holders. Councilmember Pust opined that it had been a good discussion and provided additional considerations for her and Councilmember Roe as the Council Subcommittee to discuss and re- turn at a future meeting with additional revisions. Councilmember Roe opined that there should not be atwo-tiered system as pro- posed by Councilmember Johnson; however, he suggested additional considera- tion be given to reducing the suspension time for the third violation. Councilmember Johnson reiterated his written concerns that the proposed system was not equitable for all business types, and would create significant if not ex- tremely detrimental impacts to a license holder having alcohol sales as their only source of revenue. Councilmember Johnson asked for additional time to consider the single tier system and whether it could work .for all. Mayor Klausing questioned whether the two-tiered system was the way to go; and concurred that denying a business their livelihood in alcohol service as their only income source would greatly impact their business.