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Ordinance <br />Page 2 <br /> <br /> <br /> <br /> <br />CHAPTER 516 <br /> <br />PAWNSHOPS <br /> <br />SECTION: <br /> <br />516.01: Purpose <br />516.02: Definitions <br />516.03: License Required <br />516.04: Application for License <br />516.05: Investigation by Police Department <br />516.06: Term of License and Renewals <br />516.07: License Fees <br />516.08: Billable Transaction Fees <br />516.09: Bond Requirement <br />516.10: Ineligible Persons and Locations <br />516.11: General License Requirements <br />516.12: Alarm System Requirement <br />516.13: Suspension or Revocation of License <br />516.14: Prohibited Acts <br />516.15: Adoption of State Statute by Reference <br />516.16: Separability <br /> <br />516.01 PURPOSE: The City Council of the City of Mounds View finds that <br />pawnbroker regulation is appropriate because such activities provide an opportunity <br />for the commission of crimes and their concealment because such businesses have <br />the ability to receive and transfer stolen property e asily and quickly. The City Council <br />also finds that consumer protection regulation of such activities is warranted because <br />customers of such businesses frequently seek their services during times of <br />desperate financial circumstances. <br /> <br />To help the City of Mounds View to better regulate current and future pawn <br />businesses, decrease and stabilize costs associated with the regulation of the pawn <br />industry, and increase identification of criminal activities in the pawn industry through <br />the timely collection and sharing of pawn transaction information, this chapter also <br />implements and establishes the required use of the Automated Pawn System (APS). <br /> <br />516.02 DEFINITIONS: As used in this Chapter, the following words and terms <br />shall have the meanings as follows: <br />