(A) A permit holder may not sell, transfer, lease, assign or otherwise grant any right or interest of twenty percent (20%) or more in or to a taxicab permit to any other person without the prior approval of the City Manager obtained through approval of an application for initial permit made under § 9.12.040(A) and upon demonstration that the permit to be transferred and current permit holder are in good standing, not subject to involuntary action for suspension, revocation or denial or renewal under this Chapter.
(B) The prospective purchaser, transferee, lessee, or assignee, or grantee of a taxicab permit, or of a motor vehicle assigned to a taxicab permit, shall not have a vested right to the permit or its transfer or the transfer of a vehicle assigned to a permit. The approval of any such transfer shall be within the discretion of the City Manager in accordance with the standards set forth in this Chapter. The City Manager shall state the reasons for finding that a sale, transfer, lease, assignment or other grant shall be denied. If the City Manager denies the application, the denial may be appealed to the Council under § 9.12.130.
(C) No permit transfer will be approved by the City Manager if it is in the denial, revocation, or suspension process.
(D) Notwithstanding any other provision of this Chapter, a person who purchases, leases or otherwise obtains an interest in a taxicab permit which is subject to voluntary suspension pursuant to § 9.12.110 of this Chapter, or who requests the voluntary suspension of an otherwise active permit immediately after purchasing, leasing or otherwise acquiring it, need not identify the vehicle which will be operated under the permit or comply with the inspection and insurance provision of this Chapter as a condition to transfer of the permit so long as all requirements of this Chapter are met before a vehicle is actually operated under the permit.
(Am. Ord. 2003-14, passed 10-28-03; Am. Ord. 2005-15, passed 7-16-05; Am. Ord. 2006-15, passed 9-12-06)