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SEP.12.2002 3:28PM N0.097 P.7i15 SUBA. 12-FIRMS The Hopkins City Council shall,by resolution,set the annual license fee,investigation fee, billable tiaasaction fee and fee for an amendment to the license for pawnshops. 1) License Fee:The annual license fee shall be paid in full before the application for a license is accepted Upon rejection of any application for a license or upon withdrawal of an application before.approval of the issuance by the Council,only the license fee shall be refimded to the applicant except where rejection is for a willful statement in the license application. 2) Ynvestiggg on Fee:An applicant for any license under this Section shall pay the City of Hopkins at the time an original application is submitted,a nonrefimdable fee to cover the costs involved in verifying the license application and to cover the expense of any investigation needed to assure compliance with this Section. 3) Billable Trans 'on Fee: 71�e billable transaction fee shall reflect the cost of processing transactions and other related regWatory expenses as determined by the City Council. Billable transaction fees shall be bm7led monthly and are due and payable within thirty(30) days. Fail=to do so is a violation of this Section, 4) Renewal Fee:The annual license fee for renewal of a license shall be paid in full at the time the renewal application is filed with the Clerk, ` SUDD. 13-BOND REOUMEA At the time of filing an application for a license,the applicant shall,file a bond in the amount of five thousand dollars($5,000)with the City Clerk. The bond,with a duly licensed surety company as surety thereon,must be approved as to form by the City Attorney. Said bond must be conditioned that the licensee shall observe the ordinances of the city,-in relation to the business of pawnbroker,and that the licensee will account for and deliver to any person legally entitled thereto any articles which may have come into the possession of the licensee as pawnbroker or in lieu thereof such licence shall pay the person or persons the reasonable value thereof. This bond Shall contain a provision that no bond may be canceled except upon thirty (30)days written notice to the city. SUBD.14-RECORDS REQUIYtED At the time of any reportable transaction other than renewals,extensions or redemptions,every licensee must immediately record in English the following information by using ink or other indelible medium on forms or in a computerized record approved by the police department: 1) A complete and accurate description of each item including,but not limited to,any trademark,identification number, serial number, model number,brand name,or other identifying mark on such an item. 2) The purchase price,amount of money loaned upon,or pledged therefore, 3) The maturity date of the transaction and the amount due, including monthly and annual interest rates and all pawn fees and charges. h