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<br /> <br /> <br /> <br />FAX 651.297,1959 TTY <br /> <br />July 3, 2002 <br /> <br />City Clerk <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br /> <br />RE: Currency Exchange License Application <br />Global Financial Outsource Services, Inc. dba United Check Cashing <br /> <br />Dear City Clerk: <br /> <br />Enclosed is a copy of an application submitted by George Frambo to operate a currency exchange <br />business at 2216 West County Road D, Suite C, Roseville, Minnesota. The name of the currency <br />exchange company is United Check Cashing. <br /> <br />Minnesota Statute 53A.04 (a) states: <br /> <br />"Within 30 days after the receipt of a complete application, the commissioner shall deny the <br />application or submit the application to the governing body of the local unit of government in <br />which the applicant is located or is proposing to be located. The commissioner may not approve <br />the application without the concurrence of the governing body. The governing body shall give <br />published notice of its intention to consider the issue and shall solicit testimony from interested <br />persons, including those in the community in which the applicant is located or is proposing to be <br />located. If the governing body has not approved or disapproved the issue within 60 days of <br />receipt of the application, concurrence is presumed. The commissioner must approve or <br />disapprove the application within 30 days from receiving the decision of the governing body. <br />The governing body shall have the sole responsibility for its decision. The state shall have no <br />responsibility for that decision." <br /> <br />Please respond in writing within 60 days of the receipt of this notice as to the decision of the <br />governing body regarding the application for the currency exchange operation. If I do not hear <br />from you within 60 days, approval will be presumed and the license will be issued. If you have <br />any questions, please feel free to contact me. <br /> <br /> <br />H. Brown <br />Financial Examinations Division <br />(651) 282-9855 <br /> <br />Enclosure <br /> <br />cc: George Frambo, Global Financial Outsource Services, Inc. <br /> <br />Enforcement: .800.657.3602 <br />Information: 1.800.65 10 <br />www.com <br /> <br /> <br />