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The license fees set forth in this article are for both regulatory and revenue purposes and are levied pursuant to the authority of applicable laws. Each such application for any license shall be accompanied by fees and deposits, payable to the city as follows:

(1) An application fee deposit of $2,500 for payment of the costs of investigation. If the deposit exceeds the costs of investigation, the excess funds will be refunded to the applicant.

(2) A license fee deposit of $3,000 which shall be the property of, and retained by, the city. Said fee shall not be refunded to any such applicant if a license is issued, nor shall such fee be prorated in any manner whatsoever, and in the event of the cessation of the proposed business, whether voluntary or involuntary, no refund of the advance fee shall be made. Notwithstanding the foregoing, in the event the license applied for is issued, such license fee deposit shall be applied as an advance towards the license fee described in CMC 5.08.880(6). In the event the license applied for is not issued, such license fee deposit shall be returned to the applicant. (Ord. 537 § 2; Ord. 505 § 3. 2002 Code § 6-32.4).