A. Term And Expiration: All licenses except for temporary licenses issued for specific dates shall expire on December 31 of each year. Licenses shall be issued for a period of one year, except that if a portion of the year has elapsed when application for a license is made, a license may be issued for the remainder of the year for a pro rata fee. In computing such fee, any unexpired fraction of a month shall be counted as one month. Temporary licenses expire according to their terms. Consumption and display permits issued by the commissioner of public safety and the accompanying city consent to the permits shall expire on March 31 of each year.
B. Corporate Licenses: Licenses issued to corporations, partnerships, limited liability companies, or other entities shall become invalid if there is a change in the officers, directors, governors, partners, charter, articles, bylaws, membership interests, or ownership of the entity unless said change is only a change to the titles of the officers, directors, governors, or partners without any change to the officers, directors, or partners themselves or any other change which is approved by the council, in which event, said license shall continue in force until the end of the current license year.
C. Report Of Changes: Corporations, partnerships, limited liability companies, or other entities holding licenses under this chapter shall submit written notice to the clerk of any of the changes listed in this subsection on or before thirty (30) days prior to the effective date of any such change. The licensee shall notify the clerk when a person not listed in the application acquires an interest which, together with that of a spouse, parent, brother, sister or child, exceeds five percent (5%), and shall give all information about said person and which is required of a person pursuant to this section, except that off-sale licensees shall report any change in interest. (Ord. 1276, 1-27-2014)