All permits issued hereunder shall expire on May 1st following the date of issuance and shall be renewed annually, except that the requirement to renew a driver's permit may be waived for up to three years for a driver with a satisfactory driving record. A nonrefundable renewal application fee for each permit shall be set by resolution of the city council. Any ground which would be grounds for denying an initial permit shall be grounds for denying a permit renewal. (Prior code § 25.12.261)