Assignment of use of a designated and numbered space, either slip side mooring or bow mooring, shall be made by the harbormaster, who shall give the vessel owner a duplicate of the slip license agreement. Presentation of this duplicate, signed by the vessel owner, shall be made to the borough finance department or harbormaster when payment of the fee indicated thereon is made. If the slip license agreement is not returned within 60 days of billing, the harbormaster shall begin procedures for removing the vessel from the harbor in accordance with HBC 16.28.010(E). Assigned licensees may retain space licensed by them only so long as they continue to be vessel owners. If a licensee sells or disposes of their vessel, the licensee may retain the space until the end of the license period and may not renew the same unless the licensee has acquired or given notice of intent to acquire another vessel within a reasonable time. If a licensee’s new vessel is inappropriately sized for the assigned space, the licensee shall be placed at the end of the wait list for the new size, unless they already hold an appropriately sized position on a wait list. Otherwise, the slip shall be assigned to the first appropriate-sized vessel on the waiting list. Vessels owned or leased by government entities, U.S. corporations, or limited liability companies may be assigned license of a slip for a term not to exceed 10 years, at which time the license will be reviewed for renewal. Any changes in the corporation or the specific vessel occupying the space may initiate a review and possible revocation of the licensed space. The intent of this section of code is to ensure that slips cannot be held in perpetuity. (Ord. 13-05-326 § 4; Ord. 12-01-281 § 4; Ord. 07-08-162)