Sec. 7-11-8 Expiration of License.
   (a)   Each license shall expire one (1) year from the date of issuance and may be renewed only by making application as provided in Section 7-11-4. An application for renewal shall be made at least thirty-one (31) days before the expiration date, and when made less than thirty-one (31) days before the expiration date, the expiration of the license will not be affected.
   (b)   When the Village denies renewal of a license, the applicant shall not be issued a license for one (1) year from the date of denial. If, subsequent to denial, the Village finds that the basis for denial of the renewal license has been corrected or abated, the applicant may be granted a license if at least ninety (90) days have elapsed since the date that the denial became final.