4.64.080   Permits nontransferable.
   (a)   A permit may not be transferred from one person to another or from one location to another. Whenever a new person obtains ownership in a business for which a permit has been issued, a new permit shall be required, but any exemption granted pursuant to Section 4.64.040 shall cease to apply.
   (b)   Notwithstanding any other provision of this chapter, prior violations of this chapter at a location shall continue to be counted against a location and permit ineligibility and suspension periods shall continue to apply to a location unless:
   (1)   One hundred percent of the interest in the stock, assets, or income of the business, other than a security interest for the repayment of debt, has been transferred to one or more new owners; and
   (2)   The city is provided with clear and convincing evidence, including an affidavit, that the business has been acquired in an arm's length transaction.
(Ord. 5502 § 2 (part), 2020: Ord. 5418 § 2 (part), 2017)