Upon the transfer of the vehicle described in any permit or upon the permittee's change of place of residence or obtaining off-street parking facilities for such vehicle rendering the permit unnecessary, the permittee shall destroy the permit and report such destruction to the Finance Director. Upon the expiration of any such permit or within 20 days prior thereto, the Finance Director shall cause to be made such investigations as he may deem proper to ascertain whether a renewal of the permit should be granted. The Finance Director may grant a renewal of the permit if, as a result of the investigation, he determines that the permittee could not reasonably have sooner obtained the required off-street parking space and that the need for the permit still exists.
('65 Code, § 4-5.1506) (Ord. 55-C.S., passed - - ) Penalty, see § 10.99