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Selectmen Revoke Liquor License From Tequila's

Selectmen chose to revoke the all-alcoholic license once held by Tequila’s on Tuesday night. The license, unused for 2-1/2 years, had passed to Danversbank as collateral when the restaurant filed for bankruptcy and defaulted on a loan.

Deciding to act swiftly Tuesday night, selectmen unanimously revoked the liquor license formerly held by Tequila’s at 80 Newbury St.

The all-alcoholic license ended up in the control of  when Tequila’s filed for bankruptcy in 2009 and defaulted on a loan from the bank. Danversbank had since been working on finding a buyer.

Two-and-a-half years went by since the establishment closed its doors, however, and selectmen felt it was time to take action.

The that still no potential buyers were on the horizon. The asking price was in the range of $100,000-$200,000, although whoever purchased the license would also have to pay $75,000 in tax liens.

A representative from Danversbank did not appear for the public hearing Tuesday night.

Town Clerk Joseph Collins said he had not heard from the bank to reschedule the hearing, so he assumed someone would be there.

Seeing no one in the audience to update the board on the status of the license, selectmen closed the public hearing and board member William Clark simply made a motion to revoke the license. The motion passed unanimously without any discussion.

Clark told a reporter after the meeting adjourned that he felt the town has waited long enough to see any turnover on the license. The bank was told it had a timeframe and then did not show up for the hearing, he pointed out.

Collins said a formal notice of revocation will be mailed to Danversbank, which would then have 14 days to file an appeal with the state Alcoholic Beverages Control Commission.

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