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REQUEST FOR ��F COUNCIL ACTION <br />�r�,xttinr�5*_ : � �,�,r��w�a: <br />T��L�I}�1Gr <br />�rf�c�:_�� � � <br />l���e; � �fl���� <br />�f�m: �, <br />Public Hearit�g <br />Pawn America <br />Global Financial <br />DATE:11r' 1 �I;•'�'1�: <br />ITEM NO: <br />:��;L�i7�1� ���:�i,cit: <br />f IE,��1N� <br />Tl�:17h �C�i.�l�?�11 d7: �1}FEtll�� F.�['.�}}Y17�C �ICtFY�C �iC13fi�148� �i]'F �L�^�: F�a�f? F�L3lt�Ck'I{9 <br />Minnesota, LLC; G�oba� Financial Outsource Services, Inc. dba United <br />_ �, <br />Check Cashir�� (PF3688) <br />�_C� <br />l.l <br />REQUESTED ACTION: <br />The following organizations have applied to the Minnesota Department of Commerce and <br />the City of Roseville for the annual renewal and approval of their respective Currency <br />Exchange Licenses for the calendar year 2006: <br />Pawn America Minnesota LLC, (License #20186066},1715 North Rice Street. <br />Global Financial Outsource Services, Inc. (License #20343044}, 2216 West <br />County Road D, Suite C. <br />].� Minnesota Statutes Chapter 53A.04 requires the Department of Commerce to submit any <br />application for lice��uz'e as a currency exchange to the governing body of the <br />municipality in which the currency exchange conducts business. The law further requires <br />the governing body of the municipality to render a decision regarding the renewal of the <br />license within 60 days. <br />].� <br />�,� <br />State Statutes also require the City to published notice of its intention to consider th.e <br />issue and solicit testimony from interested persons prior to ta1�i�� action on the renewal. <br />BACKGROUND: <br />�.. I MinnesotaStatute �:�:'�.�`a� states: "Within 30 days after receipt of a completed <br />application, the commissioner shall deny the application or submit the applicationto the <br />governing body of the local unit of government in which the applicant is located or is <br />proposing to be located. The commissioner may not approve the application without the <br />concurrence of the governing body. The governing shall give published notice of its <br />intention to consider the issue and shall solicit testimony from interestedpersons, <br />including those in the community in which the applicant is located or proposing to be <br />located. If the governing body has not approved or disapproved the issue within 60 days <br />of receipt of the application, concurrence is presumed. The commissioner must approve <br />or disapprove the application within 30 days from receiving the decision from the <br />governing body. The governing body shall have the sole responsibility of its decision. <br />The state shall have no responsibilityfor that decision." <br />P�'36&8_RCA_111405.doc Page 1 ofl <br />