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146 (c) Action. The City Council may either approve or deny the application for a license, or it may 147 delay action for a reasonable period of time as necessary to complete any investigation of the 148 application or the applicant it deems necessary. If the City Council approves the license, the City 149 Clerk shall issue the license to the applicant. If the City Council denies the license, notice of the 150 denial shall be given to the applicant along with notice of the applicant's right to appeal the City 151 Council's decision. If a license application is denied, the earliest an applicant may reapply is 12 152 months from the date the license is denied. 153 154 (d) Term. All licenses issued under this article shall expire on December 31 of each year. 155 156 (e) Revocation or Suspension. Any license issued under this article may be revoked or suspended 157 as provided in Section 316.10. 158 159 (f) Transfers. All licenses issued under this article shall be valid only on the premises for which 160 the license was issued and only for the person or business to whom the license was issued. The 161 transfer of any license to another location, business, or person is prohibited. 162 163 (g) Display. All licenses shall be posted and displayed in plain view of the general public on the 164 licensed premises. 165 166 (h) Renewals. The renewal of a license issued under this article shall be handled in the same 167 manner as the original application. 168 169 (i) Issuance as Privilege and Not a Right. The issuance of a license issued under this article is a 170 privilege and does not entitle the license holder to automatic renewal of the license. 171 172 (j.) Total Licenses. The total number of licenses for Tetrahydrocannabinol Products shall not 173 exceed _______ 174 175 Section 316.04 FEES. 176 No license shall be issued under this Chapter until the appropriate license fee has been paid in full. 177 The fee for a license under this Chapter shall be established by the City Council and adopted in 178 the City fee schedule, and may be amended from time to time. License fees are pro-rated on a 179 quarterly basis as defined in Chapter 301.04. 180 181 Section 316.05 INELIGIBILITY AND BASIS FOR DENIAL OF LICENSE. 182 (a) Ineligibility. 183 (1) Moveable Place of Business. No license shall be issued to a moveable place of business. 184 Only fixed location businesses shall be eligible to be licensed under this article. 185 (2) Exclusive Liquor Store. No license shall be issued to an exclusive liquor store as defined 186 in Minnesota Statutes, section 340A.101, subdivision 10. 187 188 (b) Grounds for Denial. Grounds for denying the issuance or renewal of a license under this 189 Chapter include, but are not limited to, the following: 190 (1) The applicant is under the age of 21 years. 191 192 (2) The applicant is prohibited by Federal, State, or other local law, ordinance, or other 193 regulation from holding a license. 194 Underline reflects new language