The following rules shall apply to a person who, on the effective date of this chapter, holds a valid unexpired license from the city for any business required to be licensed hereunder.
(A) Credit less than fee. In the event that the amount of the pro rata of the license fee previously paid, based upon the unexpired portion of the period for which such previous license was issued, is less than the amount of fee imposed hereunder, the applicant shall receive credit on the new fee to the extent of the prorated amount.
(B) Credit exceeds fee. In the event that the pro rata credit as computed in division (A) above is greater than the amount of fee imposed hereunder, the amount of license fee imposed by this chapter shall be the amount of such prorated credit.
(C) Where applicant indebted. In no case where an applicant is indebted in any manner to the city shall he be entitled to a credit or rebate.
(Ord. 2-1984, passed 4-2-84)