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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 of intoxicating liquor establishment within the limits of the <br />City 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 />(b) On -sale intoxicating liquor license shall permit the sale of intoxicating liquor for <br />consumption on the premises. <br />(c) 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. <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 Three Hundred Fifteen Thousand Dollars <br />(S315,000.00), including all fees, site development, utilities, furnishings, fixtures and construction <br />costs based upon 1999 construction costs. The required amount shall be periodically adjusted <br />upward or downward by amendment to this section to reflect changes in construction costs as <br />reflected in commonly accepted construction costs indices. In the case of multi - purpose buildings <br />such as shopping centers, motels, hotels, and the like, only that portion of the building directly <br />attributable to the preparation, handling, storing, consumption or serving of food and liquor shall be <br />considered in determining the value of the investment. In the event that a license is proposed for an <br />existing structure, the value shall be determined by review of documents evidencing a sale of the <br />property within the twelve (12) months preceding issuance of a license for the property in question. <br />All documented costs associated with the renovation and furnishing of the property may be added to <br />the purchase price when evaluating compliance with the initial investment requirement. An <br />applicant holding a leasehold interest in property may also use the fair market value of the property <br />for real estate tax purposes as determined by the City Assessor in the year the license is first issued <br />703 -1 <br />