HomeMy WebLinkAbout7. Currency Exchange License-Los Gallos 13 Inc.
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CITY OF SHAKO PEE
Memorandum
TO: Mayor and City Council
Mark McNeill, City Administrator
FROM: Judith S. Cox, City Clerk
SUBJECT: Currency Exchange License - Los Gallos 13 Inc.
DATE: October 1, 2008
INTRODUCTION
The City Council is asked to consider the application by Los Gallos 13 Inc. for a currency exchange
license.
BACKGROUND
Los Gallos 13 Inc., 582 So. Marschall Road 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. 6820, A Resolution Approving the Application of Los Gallos 13 Inc. for a
Currency Exchange License, and move its adoption.
RESOLUTION NO. 6820
A RESOLUTION OF THE CITY OF SHAKOPEE, MINNESOTA,
APPROVING THE APPLICATION OF LOS GALLOS 13 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, Los Gallos 13 Inc. has applied for a currency exchange license for a location at
582 South Marschall Road; 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 Los
Gallos 13 Inc., 582 South Marschall Road.
Adopted in Regular Session of the City Council of the City of Shakopee, Minnesota, held
this 7th day of October, 2008.
Mayor of the City of Shakopee
ATTEST:
Deputy City Clerk