The purpose of this part is to provide for the licensing and regulation of pawnbrokers in conformity with the provisions of article 56 of title 12, Colorado Revised Statutes. The City hereby finds and determines that it is necessary to the general health, safety and welfare of the City to regulate and license the business of pawnbroking as defined in Colorado Revised Statutes section 12-56-102, and that certain regulations more restrictive than that provided in article 56 of title 12, Colorado Revised Statutes, are appropriate within the City.
The City hereby finds and determines that law enforcement officers are hindered in the identification and recovery of articles which may be subject to a contract for purchase unless a recordkeeping system is provided by pawnbrokers for tangible personal property purchased by a pawnbroker or subject to a contract for purchase. Furthermore, the requirement of a retention period by pawnbrokers is necessary to assist the Police Department in the recovery of articles on behalf of the rightful owner.
Accordingly, in the interest of safeguarding the public health, safety and welfare, it is the City's intent by enacting this part, to aid law enforcement officers in the discovery and identification of sellers of stolen tangible personal property which is the subject of a contract for purchase or purchased by a pawnbroker by requiring the licensing of pawnbrokers, by providing a mandatory recordkeeping and reporting system by these businesses and by providing a retention period during which tangible personal property may not be altered or disposed of. (Ord. 84-131; Ord. 01-42)