A. Each business license shall authorize a particular business at the designated location. Any change in the ownership or nature of the business shall require a new business license application and license fee.

B. Changes in name or location shall be reported to the City, in writing, no less than 10 days before such change. If in compliance with all applicable codes and regulations, the City shall amend the existing business license to the new name or location.

C. No license issued under this title shall be transferable from one person or entity to another person or entity. Sale or transfer of an interest greater than 50 percent in any business requiring a license under this title renders the existing license null and void. A new application shall be made by the new owner who shall comply with requests for information required to process the new application. Such request may include a release of interest statement from the previous licensee and a signed rental agreement for the establishment. [Ord. 610 § 7, 2015; Ord. 548 § 1, 2012; Ord. 24 § 4, 1995.]