The municipality may only issue a new license under this section if no on-sale license is on the registry or a person desiring to purchase an on-sale license listed on the registry provides documentation showing that the person is unable to purchase the on-sale license at the price established above in § 114.15 and on terms satisfactory to both the potential buyer and seller. The fair price of any on-sale license registered with the municipality under § 114.15 shall be sold at the current fair market price set by the city pursuant to the resolution adopted in accordance with § 114.15.
(Ord. 617, passed 1-2-2024)