(a) Transfers for Value Prohibited. No person holding a permit for a mobile food vehicle shall sell, lend, lease or in any manner transfer or assign a mobile food vehicle permit except as provided for under subsection (b) below.
(b) Non-value Transfers as Part of the Sale of a Business. Notwithstanding subsection (a) above, a permit holder may transfer a permit as part of the sale of a majority of the stock in a corporation holding such permit, as part of the sale of a majority of the membership interests of a limited liability company holding such permit, or as part of the sale of a business or substantially all of its assets; provided that there shall be no allocated or actual value for the transfer of the permit.
(1) Prior to any such transfer, the transferor shall notify the Mayor in writing and the transferee shall submit a food vehicle permit application for approval to the Mayor pursuant to the process set forth in Section 838.05.
(2) Any such transfer shall be subject to the terms and conditions of the original permit.
(Ord. 47-17. Passed 5-22-17.)