(A) Within thirty (30) days of the effective date of this chapter, all pawnbrokers and precious metal dealers located within the city shall be required to secure a pawnbroker/precious metal dealer's license by making application to the City Clerk. Such application shall be on standard forms furnished by the clerk and shall contain all information determined by the City Council to be necessary for an evaluation of the applicant's eligibility to be licensed hereunder. No license shall be issued to or held by any person who has been convicted of a felony offense related to larceny, theft or the receiving of stolen property, nor shall a license be issued to a corporation or partnership whose chief officers or members are persons who have been convicted of a felony offense related to larceny, theft or the receiving of stolen property.
(B) Every person to whom a city license is granted to carry on the business of a pawnbroker shall annually enter into a bond to the city, with good and sufficient surety to be approved by the City Council, in the penal sum of one thousand dollars ($1,000.00). This bond shall be conditioned upon that he will observe the provisions of this chapter and all ordinances and laws in force in the city not inconsistent with this chapter.
(C) The city shall, within thirty (30) days of receipt of a completed application form, make a complete review of the accuracy of the information contained therein, including a criminal records check on any individuals named therein. If the application is to be denied, the City Clerk shall provide the applicant with written notification, including a statement of the reason(s) for denial. An aggrieved applicant shall, within thirty (30) days of such action, have a right to request a hearing before the City Council of the city to contest the denial.
(D) Licenses issued under this section shall be for the conduct of business at a specific location within the city and shall not be valid for the conduct of the regulated business in any other location and shall be effective for a period of one (1) year. Licenses issued under this section shall not be transferable. License holder shall be required to post their license of a copy thereof in a conspicuous place in the place of business.
(E) A fee of one hundred dollars ($100) shall be paid by the applicant for the initial application made for a pawnbroker/precious metal dealer's license, and a fee of fifty dollars ($50) shall be paid for each annual renewal application.
(Am. Ord. 7-17-02, passed 7-10-17)