1997-021 Council Ordinances - Laserfiche WebLink

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Billable transaction. (Pawnbroker) Every reportable transaction conducted by a pawnbroker except renewals, redemptions or extensions of existing pawns on items previously reported and continuously in the licensee's possession is a billable transaction. Billable transaction. (Secondhand Dealer) Every reportable transaction conducted by a secondhand dealer. 614.03 License required. No person shall engage in the business of pawnbroker at any location without a pawnbroker license for that location. No pawnbroker license may be transferred to a different location or a different person. Issuance of a license under this chapter shall not relieve the licensee from obtaining any other licenses required to conduct business at the same or any other locations. 614.04. License classifications. (a) Licenses renewed under provisions of this chapter shall be classified according to the number of billable transactions submitted annually to the Lino Lakes Police Department during the twelve (12) month period ending September 30 prior to renewal. The classifications shall be: Class A - Licensees that submitted four hundred (400) or more transactions. Class B - Licensees that submitted fewer than four hundred (400) transactions. (b) All new licenses issued pursuant to this chapter after January 1, 1997, shall be deemed to be Class A licenses and subject to all applicable fees and regulations. 614.05. License fees. (a) The annual license fees for Pawnbrokers and Precious Metal Dealer licenses issued under this chapter shall be as follows: Class A - Ten Thousand dollars ($10,000.00). Class B - Seven Thousand dollars ($7,000.00). (b) Class A Secondhand Goods Dealer. The annual fee shall be $720.00. (c) Class B Secondhand Goods Dealer. The annual fee shall be $105.00. (d) Class C Secondhand Goods Dealer. No annual fee. The annual license fee shall be payable semi-annually in accordance with procedures established by the Finance Director. (b) The billable transaction license fee shall be classified according to the medium by which daily reports required by 614.10 are submitted to the Lino Lakes Police Department. These classifications shall be as follows: Modem - Required of all Class A licensees, optional for Class B licensees. Manual - Required of all Class B licensees who do not fulfill Class A reporting requirements. 5