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File #: MO 19-189    Version: 1 Name: Currency Exchange Licenses
Type: Motion Status: Passed
File created: 11/4/2019 In control: City Council
On agenda: 11/4/2019 Final action: 11/4/2019
Title: APPROVE RENEWAL OF CURRENCY EXCHANGE LICENSES
Sponsors: Catherine Sorensen
Attachments: 1. Currency Exchange PH Notice, 2. Als Check Cashing Renewal - 2020, 3. SJB Enterprises Renewal - 2020

PUBLIC HEARING - Cathy Sorensen, City Clerk

 

Title

APPROVE RENEWAL OF CURRENCY EXCHANGE LICENSES

 

Background

Staff has received the attached correspondence regarding currency exchange license renewals from the Minnesota Department of Commerce for the following locations:

1) Al’$ Check Cashing, 1434 - 93rd Lane NE

2) SJB Enterprises Inc., d/b/a Your Exchange, 10553 University Avenue NE

 

State Statute requires cities to hold a public hearing to solicit testimony from interested persons regarding any currency exchange license renewal.  Notice of the public hearing was published on October 18, 2019.  The Police Department has also reviewed their files regarding both locations and has no concerns regarding the renewals.  City approval must be received within 60 days otherwise concurrence is presumed.  The deadline for response is December 8, 2019.

 

Recommendation

Hold public hearing and after testimony, by motion, approve the renewals of the currency exchange licenses for Al’$ Check Cashing, and SJB Enterprises Inc., dba Your Exchange.