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2011-1043 Amend Section 1180 PawnshopsCITY 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 a minimumfin Of 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 one (21) thirty 3QJ 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 en axwell, Mayor ATTEST: Kristine Luedke, City Clerk