CR 11-112 Pawnshop Ordinance• November 28, 2011
Proposed Action
PAWNSHOP ORDINANCE
Council Report 2011-112
Staff recommends that the Council approve the following motion: Move that the Hopkins City Council
approve Ordinance 2011-1043 for first reading.
Adoption of this motion will begin the process of amending Section 1180 of the Hopkins City Code to bring
it into compliance with state law.
Overview
The state of Minnesota made some changes to the statutes regulating pawnshops. The City's ordinance needs
to be revised accordingly. The City's current ordinance states that the Redemption Period, the amount of time
a person who pawns an item has to redeem the item before it may be forfeited and sold, be at least 60 days.
State law was changed to make it 60 days. State law also was changed to allow an individual who pawns an
item to get it back at any time within 60 days. The City's current ordinance has a waiting period of 72 hours.
State law changed the holding period from 21 to 31 days for items purchased or accepted in trade by the
•pawnshop. The holding period is the amount of time that the pawnshop must retain an item that was
purchased from a customer prior to reselling the item.
Supporting Information
• Ordinance number 2011-1043
,4.,, a -
Jame A. Genellie
Assistant City Manager
is
•
CITY OF HOPKINS
COUNTY OF HENNEPIN
ORDINANCE NO. 2011-1043
AN ORDINANCE AMENDING
SECTION 1180 OF THE HOPKINS CITY CODE
PAWNSHOPS
The City Council of the City of Hopkins does hereby ordain:
Section 1. That Section 1180.25 be amended as follows:
1180.25 Redemption Period. Any person pledging, pawning, or depositing an item for
security must have . . - e€ sixty (60) days from the day of that transaction or any renewal
or extension, to redeem the item before it may be forfeited and sold. Licensees are prohibited
from redeeming any item to anyone other than the person to whom the receipt was issued or, to
any person identified in a written and notarized authorization to redeem the property identified in
the receipt, or to a person identified in writing by the pledger at the time of the initial transaction
and signed by the pledger, or with the approval of the Police Department. Written authorization
for release of property to persons other than the original pledger must be maintained along with
original transaction record.
Section 2. That Section 1180.27 be amended as follows:
1180.27 Holding Period. Any item purchased or accepted in trade by a licensee must not
be sold or otherwise transferred for twenty ene thirty-one (31) days from the date of the
transaction.
Section 3. The effective date of this ordinance shall be the date of publication.
First Reading:
December 6, 2011
Second Reading:
December 20, 2011
Date of Publication:
December 29, 2011
Date Ordinance Takes Effect:
December 29, 2011
Gene Maxwell, Mayor
ATTEST:
0 Kristine Luedke, City Clerk