(a) Transfers for Value Prohibited. No person holding a permit for a Mobile Food Establishment shall sell, lend, lease or in any manner transfer a Mobile Food Vendor Permit except as provided for under (b) below.
(b) Non-value Transfers as Part of the Sale of a Business. Notwithstanding subsection (a) hereof, a permit holder may transfer a permit as part of the sale of a majority of the stock in a corporation holding such permit, as part of the sale of a majority of the membership interests of a limited liability company holding such permit, or as part of the sale of a business or substantially all of its assets; provided that there shall be no allocated or actual value for the transfer of the permit.
(1) Prior to any such transfer, the transferor shall notify the City Manager in writing and the transferee shall submit a Mobile Food Vendor Permit application for approval to the City Manager's Office pursuant to the process set forth in Section 797.05.
(2) Any such transfer shall be subject to the terms and conditions of the original permit. (Ord. 21-27AC CMS. Passed 6-21-21.)