The city may only issue a new license pursuant to this subchapter 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 in § 110.56 and on terms satisfactory to both the potential buyer and seller. The price of any on-sale license registered as "for sale" with the city shall be sold at the current fair market price set by the city pursuant to the resolution adopted in accordance with § 110.56(B).
(Ord. 111.17, passed 9-7-2008)