5.2. SR 10-16-2006
City of Elk River
REQUEST FOR COUNCIL ACTION
Agenda Section Meeting Date
Administration October 16, 2006
Item Description
Omsider the Renewal of the Currency Exchange License for
Wal-Mart Stores, Inc. at 18185 Zane Street, Public Hearin
Item Number
5.2.
Prepared by
oan Schmidt, Ci Oerk
Reviewed by
Introduction
State Statute requires the City to publish a notice and to conduct a public hearing regarding applications
and renewals for currency exchange licenses. Wal- Mart Stores, Inc. has applied to the Minnesota
Department of Commerce to renew its currency exchange license to operate at 18185 Zane Street.
Discussion
The Commissioner of Commerce issues the license, however, the application or renewal cannot be
approved by the Commissioner without the concurrence of the governing body of the local unit of
government. In consulting with Police Chief Beahen, he stated that he did not have concerns.
The renewal application was received on September 26, 2006 and the City Council of Elk River is
required to render a decision regarding the renewal of the license within 60 days.
Financial Impact
N/A
Attachments
. Letter from Minnesota Department of Commerce
. State Statute 53A04
Action Requested
Council motion approving a Currency Exchange license renewal for 2007 for Wal- Mart Stores, Inc.
operating at 18185 Zane St.
Council Action
Motion by _
Second by _
Vote
Follow Up
S:\Council\J oan \Gu-rency Exchange \ Wal-mart 2006.doc
SEP 2 6 lOOo
MINNESOTA
DEPARTMENT OF
COMMERCE
85 7th Place East, Suite 500
St. Paul, Minnesota 55101-2198
651.296.4026 FAX 651.297.1959 TTY 651.297.3067
September 22, 2006
City Clerk
City of Elk River
13065 Orono Rd.
Elk River, MN 55330
CERTIFIED MAIL
RE: Wal-Mart Stores, Inc. - License #20431046
Currency Exchange License Renewal for 2007
Dear City Clerk:
The above-named currency exchange licensee has made application to renew its currency
exchange license to operate at:
18185 Zane St.
Elk River, MN 55330
Pursuant to Minnesota Statutes Chapter 53A.04, we are forwarding a copy of the complete
renewal application to the City of Elk River care of your office for you to review.
Minnesota Statutes Chapter 53A.04 requires the Department of Commerce to submit any
application for licensure as a currency exchange to the governing body ofthe 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. Your cooperation in forwarding this information to the proper unit within your
organization is appreciated.
Your reply must be received within 60 days of receipt of this letter. If you have any
questions, please contact me at the telephone number listed below.
Very truly yours,
K~~ 6Mv~
Robin H. Brown
Financial Examinations Division
651-282-9855
651-296-9851 (Fax)
Enclosure
Market Assurance: 1.800.657.3602
Energy Information: 1.800.657.3710
www.commerce.state.mn.us
Licensing: 1.800.657.3978
Unclaimed Property: 1.800.925.5668
An Equal Opportunity Employer
53A.04
53A.04 Approval or denial of an application.
(a) Within 30 days after the receipt of a complete
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
body 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 is 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 of the governing body. The
governing body shall have the sole responsibility for its
decision. The state shall have no responsibility for that
decision.
(b) If the application is denied, the commissioner shall
send by mail notice of the denial and the reason for the denial
to the applicant at the address contained in the application.
If an application is denied, the applicant may, within 30 days
of receiving the notice of a denial, request a contested case
hearing pursuant to chapter 14; provided that if the denial is
based upon the refusal of the governing body to concur the
governing body must afford the applicant a hearing. The
applicant shall have no right to the hearing provided for in
this section if the denial is based upon the governing body's
refusal to concur but shall have a hearing before the governing
body.
(c) This section applies to initial applications and
renewal applications.
(d) The state shall have no responsibility for the action
of the governing body.
HIST: 1989 c 247 s 4; 1992 c 504 s 4