A. The license granted under this chapter is for the person and the premises named on the approved license application. No transfer of a license shall be permitted from place to place or from person to person without complying with the requirements of an original application, except in the case in which an existing non-corporate licensee is incorporating and the incorporation does not affect the ownership, control, and interest of the existing licensed establishment.
B. A licensee under this chapter shall immediately notify the City Clerk of the following:
1. A change in the corporate or organization officers listed in the license application, excluding officers or clubs holding club licenses.
2. Any changes in the partnership agreement or lease submitted with the license application.
3. A change of the managing partner, manager, proprietor, or other person who is in charge of the licensed premises.
4. Any change in the ownership of an establishment licensed under this chapter, including any acquisition of an interest in the partnership, corporation, or other organization by any person not identified in the license application.
C. When an establishment licensed under this chapter is sold or transferred, the licensee shall immediately notify the City Clerk of the sale or transfer. If the establishment that is sold or transferred is to continue selling or furnishing intoxicating liquor, the new owner must immediately apply for an appropriate license under this chapter. In addition, a management agreement, which covers the period between the sale or transfer and the issuance of the new owner's license, shall be executed between the existing licensee and the new owner within twenty (20) days following the sale or transfer. The management agreement shall vest control of all intoxicating liquor sales in the existing licensee or a manager responsible to the existing licensee. The agreement shall be approved by the City Council.
D. A management agreement shall be required of any licensed establishment whose business is being managed or operated by a person other than the licensee or an employee of the licensee. No person other than the licensee or an employee of the licensee shall be permitted to manage or operate an establishment licensed under this chapter until the City Council has reviewed and approved the management agreement and any amendments thereto.
E. A Federally chartered corporation charged with insuring and/or holding assets of banking or savings and loan institutions which obtains ownership of a hotel or restaurant licensed to sell intoxicating liquor, files an application for an on-sale liquor license for said establishment either in its name or the name of a representative thereof, and demonstrates to the City Clerk that it is unable to execute a management agreement with the existing licensee, may sell intoxicating liquor at the hotel or restaurant pending a decision by the City Council on whether to approve the application for the on-sale liquor license. (Ord. 511, 6-20-2017, eff. 7-1-2017)