Within two (2) days after receiving notification by registered mail that his application for a permit to solicit under this article has been denied under 5-305, any applicant may file a written request for a public hearing on the application before the Board of Commissioners, together with written exceptions to the findings of fact upon which the City Recorder based its denial of the application. Upon the filing of such a request, the Board of Commissioners shall fix a time and place for the hearing and shall notify the applicant thereof. The hearing shall be held within three (3) days after the request is filed. At the hearing the applicant may present evidence in support of his application and exceptions. Within two (2) days after the conclusion of the hearing, the Board of Commissioners shall state the facts upon which its decision is based, and its ruling upon any exceptions filed to its original findings of fact upon the application. This report shall be filed in the City Recorder's office for public inspection and a copy shall be served by registered mail upon the applicant and all parties to the hearing.