(A) Investigation fee. An applicant for any license under this subchapter shall pay the city in advance at the time an original application is submitted, a nonrefundable investigation fee to cover the costs involved in verifying the license application and to cover the expense of any investigation needed to assure compliance with this subchapter. The investigation fee is set forth in Chapter 33.
(B) License fee.
(1) The annual license fee is set forth in Chapter 33. The license fee shall be paid annually, to be determined pro-rata from the date of issuance of the license.
(2) The annual license fee shall be paid in full before the license is effective.
(3) When the license is for premises where the building is not ready for occupancy, the time fixed for computation of the license fee for the initial license period shall be 90 days after approval of the license by the City Council or upon the date the building is ready for occupancy, whichever is sooner.
(4) When a new license application is submitted as a result of incorporation by an existing licensee and the ownership, control, and interest in the license are unchanged, no additional fee shall be required.
(C) Billable transaction fees. Licensees shall pay a monthly transaction fee on all billable transactions. The fee shall be due and payable within 30 days. Failure to timely pay the billable transaction fee shall constitute a violation of this subchapter. The billable transaction license fee shall reflect the cost of processing transactions and other related regulatory expenses as determined by the City Council, and shall be reviewed and adjusted, if necessary, every six months. Licensees shall be notified in writing 30 days before any adjustment is implemented. The initial billable transaction fee for billable transaction shall be $1.75 per electronic transaction, regardless of the number of items in that transaction, and $2.75 per manual transaction.
(Prior Code, § 111.293)