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MORNING, SEVERE STORMS WILL BE LIKELY WELL TALK MORE ABOUT THE TIMING AND WHAT YOU CAN EXPECT OUT OF THIS IN A FEW MINUTES. THANK YOU ROSS. PANAMA CITY COMMISSIONERS HAVE APPROVED A SETTLEMENT AGREEMENT WITH THE LOCAL ADULT ENTERTAINMENT VENUE THEY CAME TO AN AGREEMENT DURING AN EXECUTIVE SESSION THIS MORNING. THE LAWSUIT WITH THE GOLDEN NUGGET STARTED ALMOST 3 YEARS AGO THE CITY WANTED THEM TO SHUT DOWN AN ORDINANCE IT PASSED FOR BIDDING SEXUALLY-ORIENTED BUSINESSES FROM OPERATING WITHIN 250 FEET OF ANY TOURISM CORRIDOR LIKE HIGHWAY 98. IT DID INCLUDE A GRANDFATHER CLAUSE FOR THE GOLD NUGGET AS LONG AS OWNERSHIP DIDNT CHANGE. THE CITY SAYS OWNERSHIP DID CHANGE AND THEY WANT THE ENTERTAINMENT VENUE CLOSED. THE CLUBS OWNER, HOWEVER SAYS THAT WHILE THE MAJORITY SHAREHOLDERS HAVE CHANGED THE VENUE ZONING LLC HAVE REMAINED THE SAME. TODAYS SETTLEMENT AGREEMENT SAYS OPERATIONS WILL STOP THOUGH ON OCTOBER FIRST OF 2029. COMES DOWN TO WHAT THE INTENT OF AN ORGAN THAT WAS BACK IN THE 1990
