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703. INTOXICATING LIQUOR <br />703.010. LICENSE REQUIRED. It shall be unlawful for any person, firm or corporation to <br />keep or operate an on -sale or off -sale intoxicating Liquor establishment within the limits of the City <br />without first having obtained a license to do so as hereinafter provided. <br />703.020. TYPES OF LICENSES. There shall be five (5) types of licenses issued for the sale <br />of intoxicating liquor, namely: <br />(a) On -sale restaurant intoxicating liquor license shall permit the sale of intoxicating <br />liquor for consumption on the premises in conjunction with the consumption of food. <br />(h) On -sale intoxicating liquor license shall permit the sale of intoxicating liquor for <br />consumption on the premises. <br />(e) Off -sale intoxicating liquor license shall permit the sale of intoxicating liquor in <br />original packages for consumption off the premises only. <br />(d) Temporary on -sale intoxicating liquor licenses shall permit the sale of intoxicating <br />liquor for a specific period pursuant to Section 703.110. <br />(e) On -sale 2:00 a.m. intoxicating liquor license shall permit the sale of intoxicating <br />liquor for consumption on the premises between the hours of 1:00 a.m. and 2:00 a.m. <br />703.030. MINIMUM STANDARDS FOR "ON -SALE RESTAURANT" INTOXICATING <br />LIQUOR LICENSE. The following minimum requirements must be satisfied prior to the issuance of <br />an "On -Sale Restaurant" intoxicating liquor license. <br />(1) Initial Investment. An applicant for an "on -sale restaurant" license must initially <br />invest or propose to invest in the business a minimum of Tred Fifteen Thousand - Dollars <br />(53- 13;000:90) One Million Dollars ($1,000 000), including all fees, site development, utilities, <br />furnishings, fixtures and construction costs based upon -I-999 2011 construction costs. The required <br />amount shall be periodically adjusted upward or downward by amendment to this section to reflect <br />changes in construction costs as reflected- iiicormmonly- accepted - construction costs- indiees utilizing <br />the Consumer Price Index (CPI). In the case of multi- purpose buildings such as shopping centers, <br />motels, hotels, and the like, only that portion of the building directly attributable to the preparation, <br />handling, storing, consumption or serving of food and liquor shall be considered in determining the <br />value of the investment. In the event that a license is proposed for an existing structure, the value <br />shall be determined by review of documents evidencing a sale of the property within the twelve (12) <br />months preceding issuance ofa license for the property in question. All documented costs associated <br />with the renovation and furnishing of the property may be added to the purchase price when <br />evaluating compliance with the initial investment requirement. An applicant holding a leasehold <br />interest in property may also use the fair market value of the property for real estate tax purposes as <br />703 -1 <br />13 <br />