The City Recorder, upon receipt of the application for security patrol license and allied papers required by Section 5.16.030, shall refer such application and allied papers to the Chief of Police, who shall personally or by means of a subordinate make an investigation of the applicant’s suitability to engage in a security patrol business. The Chief of Police shall have fourteen days from his receipt of the application to report the results of his investigation to the City Recorder. If the Chief of Police makes the affirmative findings pursuant to this chapter, he shall recommend to the City Recorder that a security patrol license be issued to the applicant.