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REQUEST FOR CITY COUNCIL ACTI Date: 11/17/03 Item: VI. A. Department Approval: Manag~J>R ov Agenda Section: IL HEARING CURRENCY EXCHANGE BUSINESS RENEWAL (PF3535). Item Description: 1.0 REQUESTED ACTION: 1.1 Global Financial Outsource Services, Inc dba United Check Cashing (George Frambo), License #20343044,2216 County Road D (Tower Glen); Massive Cash LLC dba Money Xchange (Sherri Marzario) License #20293106, 1745 Lexington Avenue (Lexington Plaza Shoppes); and Pawn America LLC (Brad Rixmann), License # 20186066, 1715 Rice Street (McCarrons Hill Shopping Center), have applied to the Minnesota Department of Commerce and the City ofRoseville for their annual renewal and approval to operate a Currency Exchange Company at the above indicated addresses. The City of Roseville must give published notice of its intention to consider the issue and solicit testimony from interested persons prior to taking action on the renewal. These licenses have been reviewed and approved by the Council in the past. 1.2 Minnesota Statutes Chapter 53A.04 requires the Department of Commerce to submit any application for licensure as a currency exchange to the governing body of the municipality in which the currency exchange conducts business. The law further requires the governing body of the municipality to render a decision regarding the renewal of the license within 60 days. 2.0 BACKGROUND: 2.1 Minnesota Statute 53A.04 (a) states: "Within 30 days after receipt of a completed application, the commissioner shall deny the application or submit the application to the governing body of the local unit of government in which the applicant is located or is proposing to be located. The commissioner may not approve the application without the concurrence of the governing body. The governing shall give published notice of its intention to consider the issue and shall solicit testimony from interested persons, including those in the community in which the applicant is located or proposing to be located. If the governing body has not approved or disapproved the issue within 60 days of receipt of the application, concurrence is presumed. The commissioner must approve or disapprove the application within 30 days from receiving the decision from the governing body. The governing body shall have the sole responsibility of its decision. The state shall have no responsibility for that decision." 2.2 The property at 2216 West County Road D, Suite "C" is within the Tower Glenn commercial strip center located between Long Lake Rose and Interstate 35W on the south side of County Road D. The site has a land use designation of"B", Business and a zoning designation ofB-4, Retail Office Service District. PF3535 ReA 111703 Page 1 of 2