Agenda - Council Work Session - 10/28/2025

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(6) The State passed legislation attempting some regulations in 2024, found in Minn. Stat. Ch. 53B. However, the State has acknowledged that criminals have already found work-arounds to the statute. The burden of Kiosk fraud exists on all levels of government —federal, state, and local. The City's purpose in passing this ordinance is to address our share of that burden. (B) Intent. This chapter is intended to regulate Kiosks located within the City to protect the general welfare of the public, especially elderly and vulnerable adults. (C) Authority. Pursuant to Minn. Stat. §412.221 subd. 32, the City has the authority to provide for the prevention of crime, the protection of property, and the promotion of general welfare by ordinances consistent with state and federal law. §121.02 Definitions The definitions provided in Minn. Stat. §53B.69 are incorporated here by reference. For the purposes of this chapter the following definitions shall apply, unless the context clearly indicates or requires a different meaning: Hosting Business: The real property owner that is providing or leasing space or utilities to a virtual currency kiosk operator for the purpose of operating a virtual currency kiosk. Virtual Currency: See Minn. Stat. §53B.69 subd. 6. Virtual Currency Kiosk ("Kiosk"): See Minn. Stat. §53B.69 subd. 10. Virtual Currency Kiosk Operator ("Kiosk Operator"): See Minn. Stat. §53B.69 subd. 11. §121.03 Registration Required. No Hosting Business shall host a Kiosk without first having registered that Kiosk with the City. (A) Applications. An application for registration of a Kiosk shall be made on a form provided by the City. The application shall include: (1) The full name of the Hosting Business; (2) The Hosting Business's address, telephone number and email; (3) The name, business address, and valid registered agent of the Virtual Currency Kiosk Operator; (4) The proposed location of the Kiosk; -2-