A.
Before the first day of October in each year, the Chairman of the Committee of Public Safety of the Board of Trustees shall recommend to the Board the number of taxicab licenses which should be granted for the ensuing year. Recommendations made in such report shall be based on the population of the village, the number of persons taking trains at the Scarsdale Station and the general condition of the taxicab service as determined by the Chairman of the Committee of Public Safety.
B.
The Board of Trustees shall consider the report and recommendations of the Chairman of the Committee of Public Safety and, after a public hearing, upon notice published in an official newspaper of the village, shall determine, by resolution, the number of taxicabs needed to provide safe and adequate service. After adoption of such resolution, a notice containing a copy of the resolution shall be mailed by the Village Clerk, not later than the first day of December, to each owner of a taxicab which bears a village-issued license valid at the time of such adoption.
C.
If the resolution by the Board of Trustees determines that an addition or reduction of licenses is needed, the Board shall guide the Village Manager in the issuance of licenses. Additional licenses shall be allocated as fairly as possible to qualified applicants, without regard to the filing dates of the applications. If a reduction in licenses is needed, the Village Manager shall allot such reduction proportionately, based upon the number of taxicabs licensed to each existing licensee. Each existing licensee shall be permitted to retain a license to operate at least one taxicab.