§ 43-5. Permit duration; renewal; fees.

(a)

Permits for the operation of a short term loan establishment shall be annual permits which expire on December 31 of each year. Each permit shall include the name of the permit holder and address of the premises. Permits in good standing on the date of their expiration shall be eligible for renewal. The application for a permit shall be accompanied by payment in full of the fee stated in this section, by cash, certified or cashiers check or money order. No application shall be considered complete until the fee is paid. The fee shall not be refunded under any circumstances.

(b)

The fee for each permit shall be as follows:

(1)

New short term loan establishment permit: $1,000.00 per year or $500.00 if less than six months remaining in the calendar year.

(2)

Renewal of short term loan establishment permit: $1,000.00 per year.

(c)

No fees will be effective until approved by a simple majority of the city's electors.

(Ord. No. 070846, § 1, 8-30-07)