HomeMy WebLinkAbout1994-067 CCR1
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Member Dave Rosene
resolution and moved its adoption:
RESOLUTION NO. 94 67
introduced the following
RESOLUTION REQUESTING STATE LEGISLATURE TO ENACT
LEGISLATION TO IMPOSE OR CAP LIMIT ON AMOUNT OF INTEREST
PAWNSHOPS CAN CHARGE AND SUPPORT PASSAGE OF S.F. 1702
WHEREAS, the City Council of the City of Brooklyn Center
has determined that it would be to the public's benefit and welfare
that the existing practices of pawnshop financing be regulated or
controlled due to the concern that the price, penalty, or interest
rate practiced on the patrons of the pawnshop were unnecessarily
harsh; and
WHEREAS, the capacity of an individual city to
effectively regulate the practice and protect the citizens is
insufficient.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of
the City of Brooklyn Center that it does hereby request that the
state legislature enact legislation that would impose a cap or
limit on the amount of interest that can be charged by pawnshops
operating in the State of Minnesota against their patrons or
customers.
BE IT FURTHER RESOLVED, by the City Council of the City
of Brooklyn Center that they hereby support passage of S.F. 1702
during the 1994 legislative session.
ATTEST:
March 28, 1994
Date
Atim
Deputy Clerk
Todd Paulson, Mayor
The motion for the adoption of the foregoing resolution was duly
seconded by member Kristen Mann and upon vote being taken
thereon, the following voted in favor thereof:
Todd Paulson, Dave Rosene, Barb Kalligher, and Kristen Mann;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.