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for determining whether the initial investment requirement has been satisfied. An applicant <br />purchasing an existing licensed business and requesting a license transfer must establish that the fair <br />market value of the business equals the amount of the initial investment required hereunder. The <br />Council may provide for an independent appraisal at applicant's expense, as an aid in determining the <br />investment or the value of said business. In the event this requirement as to investment is not <br />complied with within one year from the date of issuance of the license, the license may be revoked or <br />suspended. <br />(2) Building Area. A restaurant building containing a minimum of 1,500 square feet used <br />for seated dining purposes, including the bar area but excluding the area used for kitchen, storage, <br />restroom facilities, waiting areas, and entrance and exit purposes. <br />(3) Seating Capacity. A restaurant building having appropriate facilities and adequate <br />staff to serve meals at tables and, for seating not less than 90 guests at one time for meals, including <br />seating available for food service in the bar area but excluding seating in a lounge or waiting area. <br />(4) Maximum Liquor Sales. The sale of intoxicating liquor, wine or 3.2 percent malt <br />beverages shall not exceed 40 percent of the restaurant's gross yearly sales. Evidence of compliance <br />with this requirement shall be furnished by licensee with annual renewal information submitted to <br />City. <br />703.040. WRITTEN APPLICATION. <br />(1) Every application for a license to sell intoxicating liquor shall be made to the City <br />Administrator on a form supplied by the City and containing such information as the City <br />Administrator for the City Council shall require. Each application shall include, at a minimum, the <br />name and place of residence of the applicant, the exact location of the place at which the applicant <br />proposes to carry on the business of selling 3.2 percent malt liquor, and whether or not he or she has <br />at any time previous to the date thereof been engaged in said business or in the business of selling <br />food stuffs in the City, and if so, when and where. It shall be unlawful to make any false statement <br />in an application. Every application for the issuance or renewal of a license shall include a copy of <br />each Summons received by the applicant under Minnesota Statutes Section 340A.082 during the <br />preceding years. <br />(2) Temporary On -Sale License. Temporary On -Sale licenses shall be issued only to <br />clubs or charitable religious, or other nonprofit organizations in existence for at least three (3) years <br />prior to the date of application. Proof of eligibility must accompany an application for Temporary <br />On -Sale license. Applications shall be made thirty (30) days in advance on forms prescribed by the <br />City Administrator. No licenses shall be valid prior to approval by the Commissioner of Public <br />Safety. The application must state the days of sale for which a license is requested, and a new <br />application must be completed and submitted for each additional period. The minimum requirement <br />for proof of financial responsibility may be given by filing: <br />703 -2 <br />