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703. INTOXICATING LIQUOR 703.010. LICENSE REQUIRED. It shall be unlawful for any person, firm or corporation to keep or operate an on -sale or off -sale intoxicating liquor establishment within the limits of the City without first having obtained a license to do so as hereinafter provided. 73.32LT' a 'i -CF LICENSES. There shall be six (6) types of licenses issued for the sale of intoxicating liquor, namely: (a): On -sale restaurant intoxicating .liquor 1'icenae shall permit the sale of intoxicating liquor for consumption on the premises in conjunction with the consumption of food. (b) On -sale intoxicating liquor licensee shall permit the sale of intoxicating liquor for consumption on the premises. (c). On -sale restaurant -event center ii to.. iicatu liquar license shall pennit the sale of intoxicating liquor for consumption on the premises in conjunction with the consumption of food. (d) Off -sale intoxicating liquor license shall permit the sale of intoxicating liquor in original packages for consumption off the premises only. (e) Temporary on -sale intoxicating liquor licenses shall permit the sale of intoxicating liquor for a specific period pursuant to Section 703.110. (f) On -sale 2:00 a.m. intoxicating liquor license shall permit the sale of intoxicating liquor for consumption on the premises between the hours of 1:00 a.m. and 2:00 a.m. 703.030. MINIMUM STANDARDS FOR "ON-SALERESTAURANT" INTOXICATING LIQUOR LICENSE. The following minimum requirements must be satisfied prior to the issuance of an "On -Sale Restaurant" intoxicating liquor license. (1) Initial Investment. An applicant for an "on -sale restaurant" license must initially invest or propose to invest in the business a minimum of One Million Dollars ($1,000,000), including all fees, site development, utilities, furnishings, fixtures and construction costs based upon 2011 construction costs, which will be adjusted annually by the Consumer price Index For all Urban Consumers (CPI -U) in the Minneapolis -St. Paul area. In the case of multi-purpose buildings such as shopping center, motels, hotels, and the like, only that portion of the building directly attributable to the preparation, handling, storing, consumption or serving of food and liquor shall be considered in determining the value of the investment. In the event that a license is proposed for an existing structure, the value shall be determined by review of documents evidencing a sale of the property within the twelve (12) months preceding issuance of a license for the property in question. All documented costs associated with the renovation and furnishing of the property may be added to the purchase price when evaluating compliance with the initial investment requirement. An applicant 703-1