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Ordinance No. 574 Page 8 investigation, said data shall be provided to the Police Chief or the Clerk-Administrator in writing and they shall report the changes to the City Council. Failure to report said changes by the applicant(s) or the licensee may result in a denial or revocation of the license. Subd. 4. Investigative Fee: Subd. 1. The investigative fee for an adult establishment license shall be determined as follows: (a) Upon applying for the license, the applicant shall pay $500 per person identified on the application as an owner, operator or manager. (b) If it appears that the investigative costs will exceed $500, the Clerk-Administrator shall notify the applicant and give the applicant an estimate of costs. The applicant shall either make an additional deposit equal to the difference between $500 and the total estimate, or shall withdraw the application. If the additional deposit is not paid within 14 days, the application shall be deemed withdrawn. (c) If the costs of administration, issuance and investigation are less than the deposit, the balance shall be refunded upon the issuance or denial of the license. No license shall be issued until the applicant has paid the entire cost of administration, issuance and investigation. Subd. 5. Granting of License: (a) The Clerk-Administrator and Police Chief, or such persons as they shall designate, shall complete their investigation within thirty (30) days after the Clerk-Administrator receives a complete application and all license and investigative fees. (b) If the application is for a renewal, the applicant shall be allowed to continue business until the Council has determined to renew or refuse to renew a license. (c) If, after such investigation, it appears that the applicant and the place proposed for the business are eligible for a license under the criteria set forth in this subsection, then the license shall be issued by the City Council within thirty (30) days after the investigation is completed. Otherwise the license shall be denied. (d) Each license shall be issued to the applicant only and shall not be transferable to another holder. Each license shall be issued only for the premises described in the application. No license may be transferred to another premise without the approval of the City Council. • If the licensee is a partnership or a corporation, a change in the identity of any of the principals of the partnership or corporation shall be deemed a transfer of the license. All