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61 this section. A license will be valid for one year. If a license is issued during the year, the license will be prorated accordingly at the renewal time. 1336.06. License Fees. Subd. 1. The owner must pay an annual license fee, the amount of which will be determined by the City Council. The fee schedule is located in Chapter 6 of this city code. The owner must submit the required fee along with the application for a new or renewal license. Applications for renewal license submitted after the license term expiration are subject to a penalty fee, which shall be determined from the time by the City Council. 1336.07. License Issuance. Subd. 1. Preliminary Inspection and Investigation. Prior to issuing a license, the City Code Official will inspect the rental dwelling to determine compliance with this Section, the City Code and the International Property Maintenance Code. The City Clerk will review the application for completeness and determine whether all real estate taxes and municipal utilities are paid and current. Subd. 2. Compliance Order. If the rental dwelling is not in full compliance with paragraph (1), the City will provide the owner or resident agent with a compliance order pursuant to Section 1336.08. If the owner corrects the items in the compliance order within the specified period of time, the City will issue a license to the owner. Subd. 3. Unsafe of Dangerous Conditions. No owner or resident agent may operate a rental dwelling, regardless of the type of license issued, if the Housing Inspector determines that a condition exists in or on the rental dwelling or premises that is unsafe or poses an imminent danger to the health or safety of the tenants or the public. Any determination by the Housing Inspector is subject to suspension or revocation of the license, criminal prosecution and any civil remedies available to the City. Subd. 4. Posting of License. The owner shall post a copy of the license in the rental dwelling in a conspicuous place. In multiple dwelling units requiring a single license, the license shall be posted in a common area of the building such as a corridor, hallway or lobby. The posted license shall be framed with clear glass or plastic. Subd. 5. Renewal of License. An owner may continue to rent a dwelling after the expiration day of the license provided the owner has filed with the City on or before June 30`x', the appropriate renewal license application and license fee. The issuance of a license under this Chapter shall be considered a privilege and not an absolute right of the owner and shall not entitle the owner to an automatic renewal of the license. Allowing the owner to continue to rent while the renewal is being processed does not obligate the City to automatically renew the license. Subd. 6. Transfer of License. Licenses are not transferable. Any change in the ownership of the rental dwelling requires a new license.