(A) If after a license to individuals or to a sole proprietor has been issued, there is a change in any fact required to be set forth in the application, a verified amendment in writing giving notice of the change shall be filed with the City ABC Administrator within ten days of the change.
(B) Since a number of licenses issued by the city are in the name of corporations or other business organizations, it is necessary that ownership changes in such organizations be reported to the City ABC Administrator. The City ABC Administrator can, therefore, investigate the person to whom the ownership or management is transferred in order to ascertain whether that person is precluded by statute from holding an interest in an alcoholic beverage license.
(C) As used with regard to a partnership, corporation, LLC, or other business organization herein, the word “change” is construed to include any change in managers, partners, or LLC members, directors, or officers of the corporation, or change in ownership or stock whereby any person secures 10% of the outstanding ownership or stock. Transfer of more than 10% of the total ownership or stock shall require a new license.
(D) The following information shall be required concerning any new manager, partner, or LLC member, new director, officer, or person securing any interest in an alcoholic beverage license:
(1) Name and address;
(2) Nature of interest;
(3) Whether or not a citizen of the United States;
(4) Date of birth;
(5) Date residence was established in the state, if a resident of the state;
(6) Whether or not he or she has any interest in any other license or in any LLC, corporation, partnership, or other business organization holding a license under this Act;
(7) Extent of stock or company ownership; and
(8) Whether or not he or she has any interest in any license or in any LLC, corporation, partnership, or other business organization holding a license in any other state or province.
(E) This information shall be filed with the City ABC Administrator as a verified amendment of the application pursuant to which the license was granted. Filing shall be made within ten days of any change of required information.
(Ord. passed 11-14-2016)