03-19-2003 - Laserfiche WebLink

Home Browse Search

ORDINANCE NO. CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA AN ORDINANCE AMENDING THE MOUNDS VIEW CITY CODE SECTIONS 1102.02, PERTAINING TO DEFINITIONS, AND 1115.02, PERTAINING TO PERMITTED USES IN B-4 ZONING DISTRICTS THE CITY OF MOUNDS VIEW ORDAINS: SECTION 1: Section 1102.02 of the Mounds View Zoning Code pertaining to definitions is hereby amended by adding new definitions as underlined to read as follows: Subd. 86. PAWNBROKER: (a) Except as provided in paragraph (b) , "pawnbroker" means a person engaged in whole or in part in the business of lending money on the security of pledged goods left in pawn, or in the business of purchasing tangible personal property to be left in pawn on the condition that it may be redeemed or repurchased by the seller for a fixed price within a fixed period of time. (b) The following are exempt from the definition of "pawnbroker": any bank regulated by the state of Minnesota, the comptroller of the currency of the United States, the Federal Deposit Insurance Corporation, the board of governors of the Federal Reserve System, or any other federal or state authority and their affiliates; any bank or savings and loan whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or any successor to it and all affiliates of those banks and savings and loan associations; any state or federally chartered credit union; any industrial loan and thrift company or regulated lender subject to licensing and regulation by the department of commerce. Subd. 87. PAWNSHOP: "Pawnshop means the location at which or premises in which a pawnbroker regularly conducts business. All existing subsequent subdivisions within Section 1102.02 are hereby renumbered as appropriate.