Ordinance - #03-50 - 11/25/2003 - Laserfiche WebLink

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Unique identifier. A serial number, identification number, model number, owner applied identifier or engraving, "Operation ID" number or symbol, or other unique marking. 7.13.02 General Subdivision 1. Purpose. The Council finds that pawnbrokers potentially provide an opportunity for the commission of crimes and their concealment because such businesses have the ability to receive and transfer stolen property easily and quickly. The Council also finds that consumer protection regulation is warranted in transactions involving pawnbrokers. The purpose of this Section is therefore to prevent pawn broking from being used as facilities for commission of crimes and to assure that such businesses comply with basic consumer protection standards, thereby protecting the public health, safety, and general welfare of the citizens of the City. Provisions of State Law Adopted. The provisions of Minnesota Statutes Chapter 325J and as amended from time to time are hereby adopted by reference as if fully set forth at this point. Subd. 2. License Required. No person, partnership, or corporation shall engage in or carry on the business of a Pawnbroker, without a license issued by the City, for each and every separate office or place of business operated by such licensee in the City. The annual fee for such license shall be set by Council resolution. A license under this Section shall authorize the licensee to carry on its business only at the permanent place of business designated in the license. No license may be transferred to a different location or a different licensee. Subd. 3. APS Established. To help the police department better regulate current and future pawn businesses, decrease and stabilize costs associated with the regulation of the pawn industry, and increase identification of criminal activities in the pawn industry through the timely collection and sharing of pawn transaction information, this Section also implements and establishes the use of the automated pawn system (APS). Subd. 4. License Limitation. No more than three (3) pawnbroker licensed businesses shall be permitted by the City at any one time. Priority shall be given to qualified applicants for renewal of existing licenses. Subd. a. b. 5 License Fee. The annual license fees for licenses issued under this Section shall be $3,000.00. The billable transaction license fee shall reflect the cost of processing transactions and other related regulatory expenses as determined by the city council, and shall be reviewed and adjusted, if necessary by resolution. Licensees shall be notified in writing thirty (30) days before any adjustment is implemented.