For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
(A) APPLICANT. The person or entity who makes application for a license and who will be the licensee if the license is granted.
(B) APPLICATION. The written form provided by the City Controller upon which an applicant may apply for a license.
(C) FINANCIAL INTEREST.
(1) (a) Any of the legal rights of ownership or beneficial interest in the profits of a business;
(b) Any portion of the legal rights of ownership in any partnership, corporation or other legal entity having any portion of the rights or beneficial interest; or
(c) Equal to or greater than 5% of the whole.
(2) FINANCIAL INTEREST includes, but is not limited to, that interest held by stockholders and officers of corporations or similar business entities.
(D) HOTEL. All places and rooms where the general public is furnished lodging, either regularly or occasionally, for private profit.
(E) LICENSE. The privilege of carrying on the business of a hotel within the City.
(F) PREMISES. All real estate (including structures and fixtures affixed thereto) used in the business of the hotel together with all equipment, vehicles, furnishings and other personal property used in connection therewith.
(G) PUBLIC WELFARE. The health, safety, prosperity and convenience of the inhabitants of the City, either as a whole or individually.