HomeMy WebLinkAbout7.B. Application for a Currancy Exchange License from Wal-Mart Stores, Inc.-Res. No. 6427
7.6.
CITY OF SHAKOPEE
Memorandum
TO: Mayor and City Council
Mark McNeill, City Administrator
FROM: Judith S. Cox, City Clerk r
SUBJECT: Currency Exchange License - Wal-Mart Stores, Inc.
DATE: June 1, 2006
INTRODUCTION
The City Council is asked to consider the application by Wal-Mart Stores, Inc. for a currency
exchange license.
BACKGROUND
Wal-Mart Stores, Inc. dba Wal-Mart Supercenter, 8101 Old Carriage Court, has made application to
the Minnesota Department of Commerce for a currency exchange license.
Current law requires that the City approve or deny the issuance of a license, after published notice
and a public hearing. The license is ultimately issued by the State of Minnesota.
The applicant has provided the State with the required $10,000 Currency Exchange Surety Bond.
The Police Department has advised me that they are unaware of any reason for the City of Shakopee
to object to the granting of a currency exchange license.
RELATIONSHIP TO VISIONING
This action supports:
Goal A: Active and healthy community
Strategy 7: Make community welcoming
RECOMMENDED ACTION
Offer Resolution No. 6427, A Resolution Approving the Application ofWal-Mart Stores, Inc. for a
Currency Exchange License, and move its adoption.
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RESOLUTION NO. 6427
A RESOLUTION OF THE CITY OF SHAKOPEE, MINNESOTA,
APPROVING THE APPLICATION OF W AL-MART STORES, INC.
FOR A CURRENCY EXCHANGE LICENSE
WHEREAS, in 1992 Minnesota Statute Section 53A.04 was amended to require a City to
approve or disapprove a proposed currency exchange license; and
WHEREAS, Wal-Mart Stores, Inc. dba Wal-Mart Supercenter has applied for a currency
exchange license for a location at 8101 Old Carriage Court; and
WHEREAS, the City has given published notice of its intention to consider this issue, has
solicited testimony from interested persons, and finds that the application should be approved.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SHAKOPEE, MINNESOTA, that it approves the granting of a currency exchange license to Wal-
Mart Stores, Inc., 8101 Old Carriage Court.
Adopted in Regular Session of the City Council of the City of Shakopee, Minnesota, held
this 6th day of June, 2006.
Mayor of the City of Shako pee
ATTEST:
City Clerk