A. All business licenses issued shall remain in effect for the life of the business until one of the following events occurs:
1. The business is closed,
2. The business changes ownership,
3. The business changes location,
4. The license is revoked by the city.
B. Failure to notify the city of closure or change in ownership or location can result in a penalty as provided for in section 1-4-1 of this code. (Ord. 2012-244, 8-20-2012, eff. 9-20-2012)