If, upon investigation, the Chief of Police or his delegate finds that the operation pursuant to the issuance or renewal of a permit will be in compliance with the requirements described in Section 7.122.070, the permit shall be granted or renewed. Any application for a permit or for the renewal of a permit may be denied if, after the applicant has been given the opportunity for a hearing as described in Section 7.122.100, the Chief of Police or his delegate finds that the operation pursuant to the issuance or renewal of a permit will not be in compliance with the requirements described in Section 7.122.070. If the application for a permit or for the renewal of a permit is denied, the notification and reasons for denial shall be set forth in writing and sent to the applicant by means of registered mail, certified mail or hand delivery. (Ord. 2552 (part), 1985).