A permittee shall not assign or transfer a permit or any of its rights under a permit, in whole or in part, voluntarily, involuntarily or by operation of law, including by merger or consolidation or by other means, without the prior written consent of the city, which shall not be unreasonably withheld. The permittee shall reimburse the city for reasonable, actual costs, including attorneys fees, incurred in the review of a request by the permittee for consent to an assignment or transfer of the permit. Notwithstanding anything in this section to the contrary, the permittee may grant a security interest in its rights under a permit in favor of a third party without first obtaining the consent of the city. If a permit or any rights thereunder is assigned or transferred in whole or in part with the approval of the city, the terms and conditions of the permit and of this chapter shall be binding upon the successors and assigns of the permittee. Notwithstanding the provisions of this section, if the transfer of a permit is to an affiliate owned or controlled by the permittee, then no such approval shall be required, but the permittee shall provide written notice prior to any of such transfer to the city; provided however, no such transfer will relieve the permittee of its obligation of compliance with this chapter and permit.
(Ord. 895, passed 10-13-03)