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to issuance or non-issuance of the license. The City Council may order and conduct such additional investiga- tion as it deems necessary. An applicant for any license under this section shall deposit with the City at the time an original application is submitted, five hundred dollars ($500.00) to cover the costs involved in verifying the license application and to cover the expense of any investigation needed to assure compliance with this section. If the investigation and verification process is conducted outside the State of Minnesota, the City may require the actual investigation costs not exceeding one thousand five hundred dollars ($1,500.00). 122.060. Term of License and Renewals. 1. All licenses issued through this section shall be for a period of twelve (12) months begin- ning January 1, pro-rated on a monthly basis. 2. A license under this section will not be renewed: A. If the City Council determines that the licensee has failed to comply with the provisions of this ordinance in a preced- ing license year. B. There would be sufficient grounds not to issue a license in the first instance. 122.070. License. The license application fees for pawnbrokers and precious metal dealers licenses shall be as set forth in Section 100.030 of this Code. 122.080 Licenses. Persons and Locations Ineliqible for 1. No licenses under this chapter shall be issued to an applicant who is a natural person, general or managing partner, manager, propri- etor or agent if such applicant: A. Is a minor at the time the application is filed; B. Has been convicted of any offense related to the occupation licensed or involving moral turpitude. 4-21-94/1011.18/122.ord 4