(a)   Consideration. The initial application for a license under this Division X shall be presented to the City Council for consideration after the has verified the information on the initial license application and conducted any investigation, including a criminal background check, to assure compliance with this Division X. The hearing before the City Council shall be advertised at least ten days prior to the scheduled date of the hearing. The City Council may accept or deny the license application at such public hearing. Renewal applications shall be governed by § 14.442.15 of this code. If an application is granted for a location where a building is under construction or not ready for occupancy, the license shall not be delivered to the until a certificate of occupancy has been issued for the .
   (b)   Bond required. Before a new license will issue or upon the renewal of an existing license after the effective date of this amendment to the city code, every applicant must submit a $10,000 bond on the forms provided by the . The bond must be maintained so long as the does business and shall be for the benefit of the city or any suffering damage through the actions of the in violation of this code or other applicable laws. The bond by its terms shall not be terminable without 180-day advance notice to the city and must be conditioned upon the applicant’s observation of all laws relating to and the applicant’s ability to conduct business in conformity therewith. In the case of a group bond covering multiple , the bond must be by its terms automatically replenished in the case of a forfeiture of or draw on the bond. The bond must also ensure that the applicant will pay to the city, when due, all taxes, license fees, penalties and other charges provided by law. Additionally, in the event of a violation of any law relating to the business for which the license has been granted, the bond shall be forfeited to the city and distributed first for the payment of all of the city’s costs relative to the law violation, taxes, fees and penalties, those funds remaining shall be held for a period of one year for the purpose of victim compensation on a pro rata basis, all funds remaining after victim compensation shall be directed to the city’s General Fund.
   (c)   Higher bond required in lieu of holding period. At the option, a bond in the amount of $50,000 may be substituted for the bond required in subsection (b) above. By the posting and maintenance of the higher bond in accordance with the terms of this section, the will be exempt for the automatic holding period set forth in § 14.442.13(a). By posting the higher bond, however, the is subject to the additional recording requirements listed in § 14.442.12(f).
(Added by Ord. 93-23, passed 4-26-1993; recodified by Ord. 95-13, passed 8-7-1995; added by Ord. 97-18, passed 5-5-1997; amended by Ord. 2007-18, passed 5-7-2007; Ord. 2011-2, passed 1-24-2011)