The initial license fee for engaging in the business mentioned in Section 15.20.030 shall set by council resolution and be valid for one year, and shall be issued on a fiscal year basis, but if a new license is obtained after January 1st, only one half the annual fee shall be required. The license that has not been permitted to lapse may be renewed for a fee as set by council resolution and be valid for one year. (Ord. 1730 (part), 1996; Ord. 993 §3, 1953)