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Persons continuing to engage in business within the City shall renew their business license(s) each year. Unless exempt, businesses must pay the annual renewal fee, as well as the Business Licensing Service processing fee. The annual business license renewal fee shall be as set forth in the current fee resolution. The annual fee may be prorated in order to conform the license expiration date with the expiration date established by the Business Licensing Service. Persons not renewing their business license by the expiration date may be subject to a late renewal penalty charged by the Business Licensing Service. (Ord. 07-18 § 2 (Exh. A))