Public Hearing - Cathy Sorensen, City Clerk
Title
Title
Approve Renewal of Currency Exchange Licenses
end
Executive Summary
Council is asked to hold a public hearing to consider approval of currency exchange license renewals.
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 November 5, 2021. 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 10, 2021.
Strategic Plan Relationship
This item relates to the Growth Management strategic priority in the 2020-2023 strategic plan by providing additional opportunities for businesses to thrive while ensuring safe practices are employed.
Board/Commission Review
N/A
Financial Impact
N/A
Public Outreach/Input
Notice of this hearing was published in the Blaine-Spring Lake Park Life-Columbia Heights-Fridley Life.
Staff 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.
Attachment List
Public hearing notice