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A. The license granted by the City will be evidenced by a license that the City Council by separate ordinance will authorize the City Manager to execute and issue to the licensee subject to the conditions of this chapter and granting ordinance.

B. No license granted pursuant to the provisions of this chapter will become effective until all provisions required in this section are completed, all of such provisions being hereby declared to be conditions precedent to the effectiveness of any such license granted hereunder. In the event any of such provisions are not completed in the time and manner required, the license will be null and void.

C. Within 20 days after the effective date of the ordinance awarding any license, or within such extended period of time as the City Council in its discretion may authorize, the licensee will submit to the City its written acceptance of the license, in form satisfactory to the City Attorney, together with the security fund, faithful performance bond and insurance policies or certificates required by this chapter and its license, and its acknowledgment that it will be bound by and comply with everything which is required of the licensee by the provisions of this chapter and the applicable license. Such acceptance will be acknowledged by the licensee and approved by the City Attorney. (Ord. No. G-6034, 2015)