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SEP.12.2002 3:27PM N0.097 P.2i15 <br /> CITY OF HOPKINS <br /> H.ENNF21N COUNTY,MINNESOTA <br /> ORDINANCE NO.2M2465 <br /> AN ORDINANCE DELETING SECTION 1180 OF THE <br /> HOPKINS CITY CODE AND REPLACING IT WTrH <br /> ANEW SECTION 1180. PAWNBROKERS <br /> PURPOSE <br /> The City Council.finds that use of services provided by pawnbrokers provides an opportunity for <br /> the commission of crimes and their concealment because pawn businesses have the ability to <br /> receive and transfer property stolen by others easily and quickly. The City Council also finds that <br /> consumer protection regulation is warranted in transactions involving pawnbrokers, The purpose <br /> of this section is,therefore,to prevent pawn businesses from being used as facilities for the <br /> commission of crimes,and to assure that Such businesses comply with basic consumer protection <br /> standards,thereby protecting the public health,safety,and general welfare of the citizens of the <br /> City. <br /> To help the police depwi ment better regulate current and future pawn businesses,decrease and <br /> stabilize costs associiate4 with the regulation of the pawn industry,and increase identification of <br /> criminal activities in the pawn industry through the timely collection and sharing of pawn <br /> transaction information,this section also implements and establishes the required use of as <br /> interchange file specification format as required by Minnesota Statutes. <br /> Section 1: Section 1180 of the Hopkins City Code is deleted in its entirety and replaced with the <br /> following language: <br /> SUBD. 1-DEFINITIONS <br /> The following terms when used in this section shall have the following meanings unless the <br /> context clearly indicates otherwise: <br /> ISSUING AUTHORITY: The City of Hopkins <br /> PAWNBROXER: Any natural person,partnership or corporation,either as principal,or agent <br /> or employee thereof,who loans money on deposit or pledge of personal property,or other <br /> valuable thing,or who deals in the purchasing of personal property,or other valuable thing on <br /> condition of selling the Same back again at a stipulated price,or who loans money secured by <br /> chattel mortgage on personal property,taking possession of the property or any part thereof so <br /> mortgaged. To the cadent that a pawnbroker's business includes buying personal property <br /> previously used,rented or leased,or selling it on consignment,the provisions of this Section shall <br /> be applicable. <br /> PAWNSHOP:Any business establishment used or operated by a pawnbroker. <br /> 1 <br />