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If an existing licensee desires to change the location of the business, trade or profession from the location designated on the business license, application must be made to the City Clerk prior to the change in location and the City Clerk shall, prior to the issuance of a new business license, submit the application to the Planning Commission and the City Council of the City for approval of the new location where the licensee is to carry on the business, trade or profession, and the business license shall be issued only if the location is in compliance with the building and fire codes of the City as those codes relate to existing and/or new structures. There shall be no additional business license fee assessed an existing licensee for a change of his location, and the new business license issued shall carry the same expiration date.