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date, and then by the type of license. The classifications shall be: (1) Class A--Licensees that submitted four hundred (400) or more transactions. (2) Class B--Licensees that submitted fewer than four hundred (400) transactions. (b) All new licenses issued pursuant to this article after July 1, 1998 shall be deemed to be Class A licenses unless: (1) Applicant's business plan clearly indicates business will conduct fewer than four hundred (400) reportable transactions in any consecutive twelve (12) month period, or (2) If the applicant has any ownership, management or financial interest in any other businesses licensed under Chapters 321, 322 or 324, and the total number of reportable transactions from all businesses licensed pursuant to these chapters, including those projected from the new business, is fewer than four hundred (400) in the consecutive twelve (12) month period ending thirty (30) days prior to the date of the new application. All new Class B licenses issued pursuant to this article after July 1, 1998 shall be monitored by the police license inspector and upgraded to a Class A license whenever four hundred (400) or more reportable transactions are, or should have been, submitted within any consecutive twelve (12) month period. Licensees shall be subject to all applicable Class A fees and regulations sixty (60) days after being notified in writing of the upgrade, but not sooner than January 1, 1999. (98-Or-059, § 1, 6-26-98) 321.260. License fees. (a) The annual license fees for licenses issued under this article shall be as follows: (1) For all Class A Antique Dealers--Two hundred twenty-five dollars ($225.00). (2) For all Class B Antique Dealers—Two hundred twenty-five dollars ($225.00). (3) For all Class A Antique Mall Operators--Three hundred twenty-five dollars ($325.00). (4) For all Class B Antique Mall Operators--Three hundred twenty-five dollars ($325.00). (5) For all Class A Antique Mall Dealers--Two hundred twenty-five dollars ($225.00). (6) For Class B Antique Mall Dealers--Sixty dollars ($60.00). (7) For second or subsequent locations for antique mall dealers in which all applicant information is the same as their initial license application, except for the address at which the dealer will conduct business, fifteen dollars ($15.00). (b) The billable transaction fee shall be classified according to the medium by which daily reports required by section 321.320 are submitted to the police department These classifications shall be as follows: (1) Modem. Required of all Class A dealers, optional for Class B dealers. (2) Manua/. Required of all Class B dealers who do not fulfill Class A reporting requirements. (c) The billable transaction fee shall reflect the cost of processing transactions from the respective classifications and other related regulatory expenses as determined by the city council, and shall be reviewed and adjusted, if necessary, every six (6) months. Licensees shall