A license fee for the privilege of renting, leasing, or operating coin or token operated machines and games of skill is imposed upon any individual or firm whose business consists, in whole or in part, of the renting, leasing, or operating of such machines or games of skill as follows:
A. One and one-quarter percent of gross receipts for all gross receipts from business activities within the city.
Any individual or firm engaged in the business specified by this section shall deposit the following sums prior to the issuance of an initial or renewal license:
1. An annual decal/registration fee of $10.00 per machine or game "spot" in the city. It is noted that the machines or games may be changed out several times during the course of a license period. It is the intent of this subsection to issue decals and register machine "spots" at specific locations in the city, so that a license inspector will be able to identify those locations which are under a valid master license for which a gross receipts fee is imposed; and
2. The sum of $115.00 per machine or game "spot" located in the city as a deposit on the gross receipts fee imposed hereunder. The total fees, based upon gross receipts in the city, will be determined at the end of the license period when the licensee supplies verification of actual gross receipts in the city. Excess deposits, if any, shall be promptly refunded, at the option of the licensee, applied to the annual deposit for license renewal. Additional fees due the city, based upon the licensee's accounting, shall be paid within 15 days.
B. Any amusement arcade may elect to pay the deposit and fees outlined in subsection (A)(2) of this section on a quarterly basis.
(prior code § 6602.11(c); Ord. 449 § 2, 1982; Ord. 465 § 15, 1983; Ord. 475 § 2, 1984)