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No person may apply for a regulated business license within one year from:

A. The denial of any such license to the applicant; or

B. The suspension, revocation, termination or nonrenewal of such license unless the cause of the denial, suspension, termination, revocation or nonrenewal has been, to the satisfaction of the licensing office, removed in such time. [Ord. 18-16 § 1; Res. 18-29; Code 2004 § 8-3-16.]