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(c) The billable transaction license fee shall reflect the cost of <br />processing transactions from the respective classifications and other related <br />regulatory expenses as determined by the City Council, and shall be reviewed <br />and adjusted, if necessary, at least every six (6) months. Licensees shall <br />be notified in writing thirty (30) days before any adjustment is implemented. <br />The billable transaction fee for modem transactions shall not exceed the <br />billable transaction fee for manual transactions. <br />(d) Billable transaction fees shall be billed monthly and are due and <br />payable within thirty (30) days. Failure to do so is a violation of this <br />chapter. <br />614.06. Investigation fee. (a) An applicant for a new license under <br />this chapter, or for the renewal of an existing license that is more than six <br />(6) months past due, shall deposit one thousand five hundred dollars <br />($1,500.00) with the City Clerk/Treasurer at the time an original application <br />is submitted to cover the costs involved in verifying the license application <br />and to cover the expense of any investigation needed to assure compliance <br />with this ordinance. If the investigation process is conducted solely within <br />the State of Minnesota, the fee shall be seven hundred fifty dollars <br />($750.00) and the remainder of the deposit shall be returned to the applicant <br />upon completion of the investigation. If the investigation is conducted <br />outside the State of Minnesota, the issuing authority may recover the actual <br />investigation costs not exceeding twenty thousand dollars ($20,000.00). <br />614.07. Expiration of license. All licenses shall expire on <br />January 1st. <br />614.08. Application required. (a) (Contents.) An application form <br />provided by the City Clerk must be completed by every applicant for a <br />new license or for renewal of an existing license. Every new applicant <br />must provide all the following information: <br />(1) If the applicant is a natural person: <br />a. The name, place and date of birth, street resident <br />address, and phone number of applicant. <br />b. Whether the applicant is a citizen of the United States <br />or resident alien. <br />c. Whether the applicant has ever used or has been known by <br />a name other than the applicant's name, and if so, the <br />name or names used and information concerning dates and <br />places used. <br />d. The name of the business if it is to be conducted under <br />a designation, name, or style other than the name of the <br />applicant and a certified copy of the certificate as <br />required by Minnesota Statutes, Section 333.01. <br />e. The street address at which the applicant has lived <br />during the preceding five (5) years. <br />6 <br />