Any new business established within the district shall not be required to pay an assessment for the billing period during which said business is initiated. The business will have been considered initiated on the date of issuance of the business license. This waiver shall not apply to an existing business that has changed ownership or location within the district. City agrees to supply the District with timely information regarding new businesses initiated within the district. (Ord. 2104 NCS §2 (part), 2000.)