98-8565r
23
RESOLUTION NO. 8565
RESOLUTION AUTHORIZING PUBLICATION OF
BILL NO. 1998-4 BY TITLE AND SUMMARY
WHEREAS, the City Council of the City of Richfield has adopted an ordinance, Bill
No. 1998-4, which adds a new Section 1187 to the Richfield City Code; and
WHEREAS, Section 3.12 of the Richfield City Charter provides for the publication
of ordinances by title and summary in certain circumstances.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, as follows:
1. The City Council hereby determines that publication of the complete text of Bill No.
1998-4 is not cost effective.
2. The City Council determines that the following summary would clearly inform the
public of the intent and effect of the ordinance and hereby approves the same:
3. The City Clerk shall cause the following summary of Bill No. 1998-4 to be
published in the official newspaper in lieu of the entire ordinance:
Public Notice
The City Council of the City of Richfield has adopted Bill No. 1998-4, "AN
ORDINANCE REGULATING PAWNBROKER ESTABLISHMENTS; REQUIRING
A LICENSE; ESTABLISHING REPORTING REQUIREMENTS; AMENDING THE
CITY CODE BY ADDING A NEW SECTION 1187; SUPERSEDING
PAWNBROKER REGULATIONS IN SECTION 1186." The ordinance adds a new
section 1187 to the Richfield City Code, which supersedes existing pawnbroker
regulations found in section 1186.
License Procedures
The ordinance requires persons to obtain an annual license to engage in the
business of pawnbroker, establishes licensing procedures, and provides for a
license fee. The ordinance requires background investigations to be conducted
regarding any pawnbroker business, manager or employee; establishes
investigation fees; and requires a bond for all licensees. The ordinance makes
certain persons ineligible for licenses and establishes grounds and procedures for
licenses to be denied, suspended or revoked.
Recordkeeping Regulations
The ordinance requires pawnbroker businesses to maintain records of transactions
and to keep photographic records or digital images of customers and certain
Resolution No. 8565
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pawned items. Pawnbrokers are required to report certain transactions daily to the
public safety department by modem, subject to limited exceptions. Licensees
must pay a fee for every transaction reported.
Consumer Protection Regulations
Pawnbrokers are required to provide detailed receipts to persons who pawn items.
Persons pawning items must be given at least 60 days to redeem an item before
the item may be forfeited and sold. The ordinance establishes a 30-day holding
period for purchased items.
Other Regulations
The ordinance permits the public safety department to order property to be held
pending investigation and to inspect records and pawned items. The ordinance
prohibits persons under age 21 from pawning goods; prohibits licensees from
receiving goods from intoxicated persons or those of unsound mind; requires
identification to be presented by any person pawning goods; and prohibits
licensees from accepting goods with altered, obliterated, or removed serial
numbers.
The full text of Bill No. 1998-4 is available at Richfield City Hall, 6700 Portland
Avenue, Richfield, during regular business hours.
/s/
Thomas P. Ferber, City Clerk
4. The City Clerk is directed to keep a copy of the ordinance at city hall for
public inspection and to provide a copy to the Augsburg branch of the Hennepin County
Public Library.
Adopted this 23rd day of March, 1998.
b~~
Martin J.' , Mayor
ATTEST:
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Thomas Ferber, City Clerk