(A) Requirements. An adult entertainment licensee is not transferable to a another person by surrendering possession, control, or operation of the licensed establishment. An adult entertainment license may be transferred to another person only upon satisfaction of the following requirements:
(1) A license transfer is applied for to the City Clerk by filing an application setting forth the information called for under § 115.21, and the application has been granted by the City Clerk after investigation by the Police Department; and
(2) Satisfactory proof is provided that control of the establishment has been or will be transferred through a bona fide sale, rental, or other transaction; and
(3) A transfer fee of 10% of the annual license fee is paid.
(B) Effect of suspension or revocation procedures. No license may be transferred pursuant to division (A) when the City Clerk has notified the licensee that suspension or revocation proceedings have been or will be brought against the licensee.
(C) No transfer to a different location. A licensee shall not transfer his license to another location.
(D) Attempted improper transfer void. Any attempted transfer of a license either directly or indirectly in violation of this section is hereby declared void.
(Ord. 763, passed 8-24-95) Penalty, see § 115.99