Discussion:
City staff has received renewal applications for pawnbroker business licenses for the following:
- Pawn Xchange LLC.
- Excel Pawn Inc. dba Excel Pawn & Jewelry
City Code 113.08 (C) states: Every licensee shall pay a billable transaction fee for each billable transaction handled by the licensee. The amount of the fee shall be set by resolution of the City Council in an amount that reflects the cost of processing billable transactions. Billable transaction fees shall be billed monthly and are due and payable within 30 days.
Finance has approved Pawn Xchange license contingent on receiving a deposit of $9,000 for billable fees. The Police Department have advised that they are unaware of any reason that their license should not be renewed.
Excel Pawn Inc. has all documents and fees in order. The Finance and the Police Department have advised that they are unaware of any reason that their license should not be renewed.