A.
Any applicant who requests the issuance, reissuance or renewal of any license or permit issued by or requiring the approval of the governing body and/or of any agency and/or department of the borough which issues permits shall be required to pay any delinquent property taxes or assessments if he is the owner of said property where the business or activity is to be conducted.
B.
Any license or permit issued by the governing body or any permit issued by an agency or department of the borough may be revoked or suspended by the governing body when any licensee who is an owner of the property upon which the licensed business or activity is conducted has failed to pay the taxes due on the property for at least three consecutive quarters.
C.
Upon payment of the delinquent taxes or assessments, the license or permit shall be restored.