(A) An applicant for an on-sale full-service restaurant license shall provide documentation to the Finance Officer that the applicant meets all requirements of state law for an on-sale full-service restaurant license.
(B) The renewal of an on-sale full-service restaurant license is conditioned upon the applicant satisfying all state law requirements for renewal.
(C) Each licensee who owns an on-sale license as of January 1, 2008, and purchased or had the license transferred to such licensee at any time between January 1, 2003, and January 1, 2008, shall provide to the Finance Officer the information required by state law of a full-service restaurant on-sale license by September 15, 2008.
(D) The City Council shall set the on-sale full-service restaurant license fee within 90 days of adopting this section.
(E) Upon determining the fair market value of on-sale licenses, the city shall adopt a resolution establishing the fee for full-service restaurant on-sale liquor licenses at or above the fair market value, as required by SDCL Ch. 35-4.
(F) The city will maintain a registry of all on-sale liquor licenses, which shall include full-service restaurant liquor licenses that are being offered for sale, and will provide a copy of the registry to anyone who requests a new on-sale full-service restaurant license. Prior to the issuance of a new license, there must not be a full-service restaurant on-sale license on the registry, or the applicant must submit an affidavit documenting that the applicant is unable to purchase the on-sale license at fair market value and on terms satisfactory to both the potential buyer and seller.
(G) Any existing full-service restaurant on-sale license holder who wishes to sell his or her on-sale license at the fair market value established by the City Council may register the on-sale license with the city.
(Prior Code, § S-1-5) (Ord. 839, passed - -; Ord. 845, passed - -; Ord. 889, passed - -; Ord. 893, passed - -; Ord. 895, passed - -; Ord. 911, passed - -; Ord. 986, passed - -; Ord. 1024, passed - -)
Statutory reference:
Related provisions, see SDCL § 9-34-1