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Ordinance <br />Page 6 <br /> <br />chapter in a preceding license year or if there would be sufficient grounds not <br />to issue a license in the first instance. <br /> <br /> 516.07 LICENSE FEES: To defray administrative and other costs of processing <br />applications for Pawnshop licenses, a nonrefundable fee shall be paid at the time an <br />application is filed with the City. The minimum fee shall be established by resolution <br />approved by the City Council. <br /> <br /> 516.08 BILLABLE TRANSACTION FEES: Licensees shall pay a monthly <br />transaction fee on all billable transactions. The minimum fee shall be established by <br />resolution approved by the City Council. Such fee shall be due and payable within <br />thirty (30) days. Failure to timely pay the billable transaction fee shall constitute a <br />violation of this chapter. <br /> <br />516.09 BOND REQUIREMENT: At the time of filing an application for a license, <br />the applicant shall file a bond in the amount of five thousand dollars ($5,000.00) with <br />the City. The bond, with a duly licensed surety company as surety thereon, must be <br />approved as to form by the city attorney. The bond must be conditioned on the <br />licensee observing all ordinances of the City and all laws relating to the business of <br />pawnbroker or precious metal dealer, and the licensee accounting for and delivering <br />to any person legally entitled thereto any articles which may have come into the <br />possession of the licensee as pawnbroker, or in lieu thereof such licensee paying the <br />person or persons the reasonable value thereof. The bond shall contain a provision <br />that it may not be canceled without thirty (30) days' advance written notice to the <br />licensing authority. <br /> <br />516.10 INELIGIBLE PERSONS AND LOCATIONS: <br />Subd. 1. Ineligible Persons: No licenses under this chapter shall be issued to an <br />applicant who is a natural person, general or managing partner, manager, <br />proprietor or agent if such applicant: <br />a. Is a minor at the time the application is filed; <br />b. Has been convicted of any offense related to the occupation licensed or <br />involving moral turpitude; <br />c. Is not a citizen of the United States or a resident alien; <br />d. Is not of good moral character or repute; <br />e. has misrepresented or falsified information on the license application; <br />f. Holds an intoxicating liquor license under this code;