The city may only issue a new full-service restaurant on-sale license pursuant to this section if no on sale license is on the registry or a person desiring to purchase an on-sale license listed on the registry provides documentation showing that the person is unable to purchase the on-sale license at the price established in §§ 111.002 and 111.009, and on terms satisfactory to both the potential buyer and seller. Any on-sale license registered as "for sale" with the city shall be sold at the price set by the city pursuant to an ordinance adopted in accordance with §§ 111.002 and 111.009.
(1992 Code, § 5-2.11) (Ord. 153-08, passed 12-15-2008; Ord. 53-18, passed 6-19-2018; Ord. 126-19, passed 12-10-2019)