Discussion:
Staff has received Pawnbroker Business License renewal applications for the following businesses:
Excel Pawn Inc. dba Excel Pawn & Jewelry
Pawn Xchange
City code 113.08 (C) states; Every licensee shall pay a billable transaction license 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.
The Finance Department has approved the Pawn Xchange license renewal contingent on receiving a deposit of $3,500.00 for billable fees. No license will be issued until the renewal fee and the deposit are paid in full.
The Police Department has advised that they are unaware of any reason that these licenses should not be renewed.