90-2037 Q � � C� f�AL .
� � �O �ouncil File � Q �
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J Green Sheet ,� 12135
_ RESOLUTION
. CITY OF S AUL, MINNESOTA
Presented By
Referred To Committee: Date
WHEREAS, the City of Saint Paul has received numerous complaints about
the operatian of check cashing or money exchange facilities (not including
commercial banks and savings and loan facilities) in the City during the past
24 months, and
WHEREAS, the Minnesota Legislature has restricted what the City can do to
regulate such facilities, and
WHEREAS, the State has not provided the Department of Commerce with
adequate staff resources to enforce State regulation of check cashing facilities
on a state wide basis, now therefore, be it
RESOLVED, that upon the recommendation of the Mayor, the Council of the
City of Saint Paus does hereby urge the Minnesota Legislature to provide
resources to regulate check cashing and money exchange facilities to protect
the public from unfair and/or usurious practices.
Y�as_ Nays Absent Requeated by Department of:
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on =�'''— License & Permit Division
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Adopted by Council: aate
NOV 2 7 1990 Fo�► Approved by City Attorney
Adoption Certified by Council Secretary gy. ' �� �0��(_�p
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By� � � Approved by Mayor for Submission to
Approved by Mayor: Date j/��%Z ,.�;)
Council
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By: � ��-- By�
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DEPARTMENT/OFFICE/COUNCIL DATE INITIATED
Finance/License GREEN SHEET N° _ 12135
CONTACT PERSON&P QNE INITIAUDATE INITIAVDATE
Cynthia See�IIBIDIIteI 298- 736 DEPARTMENT DIRECTOR �CITY COUNCIL
ASSIGN CITY ATTORNEY CITY CLERK
R e eS 2 � NUTABER FOR �
MUST BE ON COUNCIL AQENDA BY ATE) ROUTING �BUDGET DIRECTOR �FIN.&MGT.SERVICES DIR.
ORDER �MAYOR(OR ASSISTAN� �
TOTAL#OF SIGNATURE GES (CLIP ALL LOCATIONS FOR SIGNATURE)
ACTION RE�UE3TED:
Approve item as p rt of City's legislative agenda (to encourage enforcement of regulations
for check cashing facil'ties)
RECOMMENDATIONS:Approve(A)or eJect(R) PERSONAL SERVICE CONTRACTS MUST ANSWER THE FOLLOWING�UESTIONS:
_PLANNINO COMMISSION CIVIL ERVICE COMMISSION �• Has this person/firm ever wOrked under a cOntract fOr this department?
_CIB COMMITTEE YES NO
_STAFF 2• Has this personlfirm ever been a city employee?
YES NO
_DISTRICT COURT 3. Does this personlfirm possess a skill not normally possessed by any current city employee?
SUPPORTS WHICH COUNCIL OBJE IVE? YES NO
Explain all yes answers on separate aheet and attach to green sheet
INITIATINO PROBLEM,13SUE,OP TUNITY o,What,When,Where,Why):
The Minnesota Legi latu e adopted legislation that requires licensing of check cashing
facilities. Howev r, t e State has not provided the staff to implement effective licensing
and control. The ity ants to encourage the State to provide adequate resources to enforce
the State's regula ions
ADVANTAGES IF APPHOVED:
The reason that li ensi g is needed is to protect the public form excessive interest charges
and other unfair b sine s practices. Numerous complaints have been made against such
facilities especia ly r garding their treatment of individuals that do not have established
credit.
DISADVANTAGES IFAPPROVED:
The a�vantage is t at i will add to the burden of State responsibilities and increase
expenditures.
DI3ADVANTAOES IF NOT APPROVED:
Problems will be a lowe to continue unalated.
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TOTAL AMOUNT OF TRANSACT N S COST/REVENUE BUDGETED(CIRCLE ONE) YES NO
FUNDING SOURCE ACTIVITY NUMBER
FINANCIAL INFORMATION:(EXPLAIN)
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Intergovernmemtal Relations Committee i
� September 14, 1990 ,
Licensinq for Check Cashing Facilities
i
i�
This resolution wa5 APPROVED, 3-0.
Service Charq� Def�nition Chanqe ;
Councilmember Maccabee made a MOTION for approval of this resolution; MOTION
CARRIED, 3-0.
Tax Exempt Bonds
This resolution was APPROVED, 3-0.
6. Budget
Fiscal Disaar�ties ,
No discussion
Reimbursement for 5,ervices to State Pro�ertv
No discussion
`:;:- Metro Sal es Tax
No discussion
Tax Reform: R�structure of Tax Tiers
Setting priorities for the Legislative Agenda:
1) Toward a cohere�nt legislative strategy: Discussion of "packaging" of the
agenda;
2) Discussion of cr�iteria for ranking legislative issues.
No discussion
There was no further business; the meeting was adjourned at 12:00 p.m.
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