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Council approves transfer of a local lease for Mark and Pauline Patterson to a new LLC
Summary
Council authorized transferring a lease described in the record as the "double leave of the bridal" lease from Mark and Pauline Patterson to a new LLC and authorized the mayor and city attorney to sign once the LLC is established.
The Herriman City Council voted to approve transferring a lease involving Mark and Pauline Patterson to a new LLC that will be established. The mayor said he sought council authority to permit the city attorney and the mayor to sign off on the transfer once the new LLC paperwork is in place; both current and incoming lessees were present and the motion carried.
Mayor praised the Pattersons for their stewardship of the property and said "we're grateful that you guys have been here" and that keeping the operation running is "good for the community." The council's action grants the administration authority to complete the transfer when the new LLC is formally created.
Why it matters: the transfer keeps an existing local business/operation in place under new ownership structure and authorizes administrative sign-off once the new entity is formed.
