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The transfer, assignment, or subletting of Yellow Boat Concession permits shall not be allowed, except in the circumstance wherein all of the assets of an operating business are sold or transferred to another. Such assets must include the charter vessel, which is operable, seaworthy and insured, all necessary equipment, and a customer list. Advance written consent must be obtained from the Harbormaster before the Yellow Boat Concession permit can be transferred to a new business owner. The City will not consent to any sale wherein it is only or primarily the Yellow Boat Concession permit that is sold.

For partnerships in charter businesses operating with a Yellow Boat Concession permit formed after the adoption of the ordinance codified in this chapter, the permittee of record must maintain at least a 51% interest in the business, continue to actively manage the business, and shall be the only person with whom the City will deal with for Yellow Boat Concession permit business. (Ord. 3548 § 2, 2016)