(A) Each application for a transient merchant permit shall be accompanied by an occupational fee of $500 to be retained and credited to the General Revenue Fund for the city by the office of the City Clerk. In addition, any applicant who will be selling goods, wares or merchandise during the permit period shall secure and submit evidence of security, a cash bond or a surety bond in the amount of $5,000 or 5% of the retail value of any goods, wares or merchandise to be offered for sale, whichever sum is greater. Such evidence of security shall be held by the City Clerk and he or she shall issue a certificate of security to be used by the applicant as evidence of security.
(B) The term of the transient merchant permit shall be for the length of time the merchant conducts an active business, but shall in no case exceed 90 days.
(C) The surety bond required by this section shall be in favor of the city and shall assure the payment by the applicant of all taxes that may be due from the applicant to the city or any political subdivision of the city, the payment of any fines that may be assessed against applicant or its agents or employees for violation of these provisions, and for the satisfaction of all judgments that may be rendered against the transient merchant or its agents or employees in any cause of action commenced by any purchaser of goods, wares or merchandise within one year from the date of the sale by such transient merchant.
(D) The bond shall be maintained so long as the transient merchant conducts business in the city and for a period of one year after the termination of such business and shall be released only when the transient merchant furnishes satisfactory proof to the License Inspector that it has satisfied all claims of purchasers of goods, wares or merchandise from such merchant, and that all state, county and other local sales taxes and fees have been paid.
(E) An ending inventory clearly stating the total of sales within the city limits accompanied by sales invoice receipts, prices and evidence of sales tax paid, plus whatever other information the City License Inspector or City Clerk might require to accurately calculate the proper taxes due to the city. This is to be paid at the end of each sales period within the city before transient merchant leaves the city.
(1993 Code, § 5.28.070) (Ord. 93-09-13(B), passed - -)