(a) The license granted under this code is for the and the premises named on the approved license application. No other than the license holder or an employee of the license holder shall be permitted to manage or operate an establishment licensed under this code. A license holder may permit the licensed establishment to be operated or managed by a other than the license holder or an employee of the license holder after the City Council has approved of a management agreement and any amendments that shall comply with the requirements of an original application and vest management of all of the license holder to the manager.
(b) No transfer of a license shall be permitted from place to place or from to without complying with the requirements of an original application, except in the case in which an existing noncorporate license holder is incorporating and the incorporation does not affect the ownership, control and of the existing licensed establishment.
(c) A license holder shall immediately notify the of the following:
(1) A change in the corporate or organization officers listed in the license application, excluding officers of holding licenses;
(2) Any changes in the partnership agreement or lease submitted with the license application;
(3) A change of the managing partner, manager, proprietor or other who is in charge of the ; and
(4) Any change in the ownership of an establishment licensed under § 13.03, including any acquisition of an in the partnership, corporation or other organization by any not identified in the license application.
(c) When a licensed establishment is sold or transferred, the license holder shall immediately notify the of the or transfer. If the establishment that is sold or transferred continues to or furnish , the new owner must apply for an appropriate license under this code within five business days of the or transfer. In addition, a management agreement, which covers the period between the or transfer and the issuance of the new owner’s license, shall be executed between the current license holder and the new owner within five days following the or transfer. Management agreements shall comply with the requirements of an original application and shall vest control of all of the current license holder to the new owner.
(d) A federally chartered corporation charged with insuring and/or holding assets of banking or savings and loan institutions which obtains ownership of a or licensed to , files an application for an license for said establishment either in its name or the name of a representative thereof, and demonstrates to the that it is unable to execute a management agreement with the existing license holder, may at the or pending a decision by the City Council on whether to approve the application for the liquor license.
(Ord. 2020-2, passed 2-24-2020)