In lieu of suspending or revoking a license for any cause for which license suspension or revocation is not required, the Board may impose a fine not exceeding $20,000 for each case, if: the Board determines that the public welfare and morals would not be impaired by allowing the license holder to operate during the suspension period; and the payment of the fine will achieve the desired disciplinary purposes. Fines collected under this subsection shall be paid into the general fund of the county. When imposing a fine on a license holder or suspending or revoking a license, the Board shall adopt a written resolution containing: a statement of the facts and findings forming the basis for the decision; the vote of each member of the Board on the decision; and information as to the procedures for appealing the decision. A copy of the resolution shall be mailed or hand delivered to the license holder. The Board shall adopt regulations to carry out this section.