The City shall collect an annual license fee for a license issued under this article as provided in Section 753.01.
The license period shall begin on July 1, of each year commencing with July 1, 1981 and ending on June 30 of the following year, and if the initial license is granted for less than a year, the fee shall be computed in proportion to the number of quarters remaining in the fiscal year, including the quarter in which the application is made.