(A) Licenses issued to corporations shall be valid only so long as there is no change in the officers or ownership interest of the corporation, within the meaning of division (E) of this subchapter, unless the change is approved by the Council, in which event the license shall continue in force until the end of the then current license year.
(B) License issued to associations or partnerships shall be valid only so long as there is no change in the partnership or association agreement or in the ownership of the partnership or association unless the change is approved by the Council, in which event the license shall continue in force until the end of the then current license year.
(C) Corporations, partnerships or associations holding adult establishment or adult accessory use— high impact licenses shall submit written notice to the Clerk of any changes described herein on or before 60 days prior to the effective date of any change and pay any fee required by § 110.19(B)(2). Notwithstanding the definition of “interest” as given in this chapter, in the case of a corporation, the licensee shall submit written notice to the Clerk when a person not listed in the application will be acquiring an interest and shall give all information about the person as is required of a person pursuant to the provisions of this chapter.
(D) Corporations holding adult establishment or adult accessory use—high impact licenses shall submit written notice to the Clerk of any change in operating officers within ten days of the change. The written notice shall designate the interim operating officer and shall contain all the information about the person as is required of a single applicant in § 110.17(B). The operating officers shall be subject to the investigation required by § 110.18(B). Investigation fees shall be as determined by the City Council pursuant to § 110.19(B)(4).
(E) The designation of a new operating officer shall not cause the corporation’s license to become invalid before a decision is rendered by the City Council provided proper notice and application are made pursuant to division (D) above. A proposed new operating officer shall be referred to as the interim operating officer. In the event an interim operating officer is rejected by the City Council, the corporation shall designate another interim operating officer and make the required application pursuant to division (D) within 15 calendar days of the Council’s decision.
(‘81 Code, § 4-42) (Ord. 619, passed 9-26-96)