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(a) Insurance. Throughout the term of any commercial parking permit, a permittee shall maintain in force insurance in the coverages and amounts that the Chief of Police sets under Section 1215.4(b).
(b) Posting. A permittee shall post a copy of the commercial parking permit at the permitted parking garage or parking lot, in a conspicuous place visible to the public.
(c) Name and Other Changes. Within 10 days of any change in the name of a permittee, or any change in any partner or officer of a permittee, in the ownership of 10 percent or larger of a permittee, or in the individual whom a permittee has authorized to manage, direct or control the operations of the permitted parking garage or parking lot, a permittee shall provide written notice to the Police Department specifying the change.
(d) Change in Ownership. If during the term of a commercial parking permit a permittee's ownership changes by 25 percent or larger, the permittee's commercial parking permit shall immediately terminate by operation of law. The permittee shall apply for a new commercial parking permit for each parking garage or parking lot the permittee operates, and shall pay any required fees. A permittee may apply for a new commercial parking permit in advance of an ownership change of 25 percent or greater, to preserve continuity of operations at the parking garages and parking lots the permittee operates.
(e) Records. A permittee shall maintain records regarding operations of the parking garage or parking lot for which the Chief of Police issued the commercial parking permit at the business address specified in the permit application, and shall make those records available for inspection and copying during business hours on demand of any peace officer.
(Added by Ord. 219-10, File No. 100639, App. 8/12/2010)