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7.1. SR 11-19-2007REQUEST FOR ACTION To Item Number Cit ~ Council 7.1- Agenda Section Meeting Date Prepared by Administration November 19, 2007 Tina Allard, Citv Ciexk Item Description Reviewed by Consider Currency Exchange License Renewal fox Wal-Mart, Lori ohnson, Ci Administratar Public Hearing Reviewed by Action Requested • Hold a public hearing. • Council motion approving a currency exchange license renewal fox 2008 for Wal-Mart Stores, Inc. operating at 18185 Zane Street. Background/Discussion State Statute 53A.04 requires the city publish a notice and 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 The Commissioner of Commerce issues the license; however, the application ox 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 Jeffrey Beahen, he stated he did not have concerns. Renewal notice was received October 9, 2007, and the City Council 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 5311.04 Action :Motion by Second by vote Follow Up S:ACouncilVClerltVCuxaency ExchangeA Wal-Mar[ OB.doc MINNESOTA DEPARTMENT OF COMMERCE $5 7th Place East, Suite 500 St. Paul, Minnesota 55101-3165 www. com merce.state.mn.us 651 296 4026 FAX 651 297 1959 An equal opportunity employer October 5, 2007 City Clerk City of Elk River 13065 Orono Rd. Elk River, MN 55330 CERTIFIED MAII~ RE: Wal-Mart Stores, Inc. -License #20431046 Currency Exchange License Renewal for 2008 Deaz 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 aze notifying your office that a complete currency exchange license renewal application has been filed with the Department of Commerce. The renewal application included the names of the officers and owners of the licensee, background checks on each of the owners and officers from the Minnesota Bureau of Criminal Apprehension, a fee schedule of all fees to be charged by the currency exchange office, a $10,000 surety bond valid through December 31, 2008, and the $500 renewal fee. If you wish to receive a copy of the complete currency exchange license renewal application form that was filed with this office, please contact Lynne at 651-296-2297 and it will be forwarded to you. 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 regazding the renewal of the license within 60 days. Your cooperation in forwazding 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, Ro1Sin H. Brown Financial EXarnlnatlon5 Division 651-282-9855 651-296-8591 (Fax) ~` ~#~~~,~ Legislature Home I Links to the Worid I Help I Advanced Search '~. ,, Office of the Revisor o~f Statutes v House I Senate i Joint Departments and Commissions ( Bill Search and Status I Statutes, Laws, and Rufes Minnesota Statutes Table o_f_Chapters Chapter 53A Table of Contents 53A.04, Minnesota Statutes 2006 Copyright ©2006 by the Office of Revisor of Statutes, State of Minnesota. 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. History: 1989 c 247 s 4; 1992 c 504 s 4 Please direct all comments concerning issues or legislation to your House_Member or State__Senator. 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