(A) (1) The annual license fee shall be in an amount duly established by the City Council from time to time. No license shall be issued under this section until the appropriate license fee shall be paid in full.
(2) The billable transaction fee shall be in an amount duly established by the City Council from time to time and shall reflect the cost of processing transactions and other related regulatory expenses as determined by the City Council and shall be reviewed and adjusted, if necessary, every six months. Licensees shall be notified in writing 30 days before any adjustment is implemented.
(3) Billable transaction fees shall be billed monthly and are due and payable within 30 days. Failure to do so is a violation of this section.
(1992 Code, § 486:03)
(B) An applicant for a new license under this section, or for the renewal of an existing license that is more than six months past due, shall pay an investigation fee at the time an original application is submitted to cover the costs involved in verifying the license application and to cover the expense of any investigation needed to assure compliance with this section. The investigation fee shall be in a minimum amount established by the City Council from time to time or the actual cost thereof not to exceed $10,000 if the investigation is required outside the state.
(1992 Code, § 486:04)
(Ord. 1323, passed 7-15-2003)