4.7. SR 09-16-1996 - Laserfiche WebLink

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?ity of ITEM 4.7. MEMORANDUM iver FROM: DATE: Mayor and City Council Sandra Thackeray, City Clerk September 16, 1996 SUBJECT: Ordinance Amendment Pertaining to Licensing of Pawn Shops ATTACHMENTS: · Attch. A - Ordinance 96-14 Establishing Moratorium on Pawnbrokers · Attch. B - Existing Pawnbrokers Ordinance · Attch. C - Revised Pawnbrokers Ordinance · Attch. D - License Applications and Instructions · Attch. E - Police/Pawn Activity Report · Attch. F- Resolution Approving Summary Publication On March 18, 1996, the City Council adopted an ordinance establishing a moratorium on pawn shops in the City of Elk River. The Council determined at that time that the city's current ordinance was inadequate. The moratorium was set for one year unless earlier terminated by the City Council. Per request of the City Council, staff has reviewed the licensing regulations and procedures for pawnshops. The issue of pawnshops was researched by Scott Harlicker, Sergeant Tyler, Sandra Thackeray and City Attorney Kevin Johnson. Planning Assistant Scott Harlicker will review the zoning aspects relating to pawnshops later in the agenda. The proposed revised ordinance allows for more suitable regulation of pawn shops thereby protecting the health, safety and welfare of the citizens. Listed below are some of the major revisions to the pawnshop ordinance: 1. A public hearing must be held prior to a license being issued. 2. The license fee has been increased from $1,750 per year to $12,000 per year. 3. A bond in the amount of $5,000 is required to be filed with the city to ensure that the licensee observes the ordinances of the city. 13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425