(A) The Clerk shall issue a permit for a pawn broker or dealer in used merchandise upon the submission of an application and the fee as established and, from time to time, amended by resolution of the City Council. The application fee shall initially be established to be as set by the City Council, and amended by resolution from time to time. In accordance with § 110.01, all permits shall be issued for a period of 1 year, and permit renewal applications shall be accompanied by a new application and fee.
(B) A permit issued by the Clerk may be revoked by the City Council at any time for violation of any terms of this ordinance, or, upon a finding that the business has, on 2 or more occasions within the past 12 month period, purchased or sold stolen merchandise. The Clerk shall provide written notice to the holder of a permit at least 7 days prior to the hearing before the City Council. The notice shall provide the reason for the permit revocation hearing.