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--. <br />.-. <br />The designation of a new manager shall not cause the license to become invalid be�orte ahment C <br />decision is rendered, provided proper notice and application are made by the applicant. A <br />proposed new manager shall be referred to as the interim manager. In the event an interim <br />manager is rejected, the licensee shall designate another interim manager and make the <br />required application within fourteen (14) days of the decision. If a proposed manager is <br />rejected, the decision may be appealed to the City Council by filing a written notice of <br />appeal with the city manager within ten (10) days after being notified of the rejection. <br />�ora.l2�s,1 i -1 g-2oo2� <br />311.05: INVESTIGATION BY POLICE DEPARTMENT: <br />A. Investigation and Report: All applications shall be referred to the police department <br />for verification and investigation of the facts set forth in the application. The police <br />department shall make a written report and recommendation to the City Council as to <br />issuance or nonissuance of the license. The City Council may order and conduct such <br />additional investigation as it deems necessary. <br />B. Cost of Investigation; Deposit: An applicant for any license under this section shall <br />deposit with the city, at the time an original application is submitted, five hundred <br />dollars ($500.00) to cover the costs involved in verifying the license application and <br />to cover the expense of any investigation needed to assure compliance with this <br />section. If the investigation and verification process is conducted outside the state of <br />Minnesota, the city may require the actual investigation costs not exceeding one <br />thousand five hundred dollars ($1,500.00). (Ord. 1275, 11-18-2002) <br />311.06: TERM OF LICENSE AND RENEWALS: <br />A. Term: All licenses issued through this section shall be for a period of twelve (12) <br />months beginning January 1, prorated on a monthly basis. <br />B. Renewal: A license under this section will not be renewed: <br />1. If the City Council determines that the licensee has failed to comply with the <br />provisions of this chapter in a preceding license year. <br />2. There would be sufficient grounds not to issue a license in the first instance. (Ord. <br />1275, 11-18-2002) <br />311.07: LICENSE FEES: <br />The license application fees for pawnbrokers' and precious metal dealers' licenses shall be <br />as set forth in section 301.03 of this title. (Ord. 1275, 11-18-2002) <br />311.075: BILLABLE TRANSACTION FEES: <br />A. Licensees shall pay a monthly transaction fee on all billable transactions as set forth <br />in section 301.03 of this title. Such fee shall be due and payable within thirty (30) <br />days. Failure to timely pay the billable transaction fee shall constitute a violation of <br />this chapter. (Ord. 1275, 11-18-2002) <br />311.076: BOND REQUIRED: <br />At the time of filing an application for a license, the applicant shall file a bond in the <br />amount of ten thousand dollars ($10,000.00) with the city. The bond, with a duly licensed <br />surety company as surety thereon, must be approved as to form by the city attorney. The <br />bond must be conditioned on the licensee observing all ordinances of the city and all laws <br />relating to the business of pawnbroker or precious metal dealer, and the licensee <br />accounting for and delivering to any person legally entitled thereto any articles which <br />Page 4 of 9 <br />