An application for a firearm/firearm ammunition dealer license shall be made in conformity with the general requirements of this Code relating to applications for licenses. The Village Manager, or his/her designee, shall approve said application before a license shall be issued, and the Chief of Police, or his/her designee(s), shall be authorized by the license applicant to conduct a background investigation of any employee of a prospective licensee who will participate in the sale or other disposition of firearms and/or firearm ammunition. A fee of ONE HUNDRED ($100.00) DOLLARS, or such other amount as may be prescribed by the Board of Trustees, shall be paid to the Village for each background investigation of an employee or prospective licensee.