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    11.    
City Council Regular
Meeting Date: 11/06/2019  
Subject:    Hold Currency Exchange License Public Hearing and Consider License Renewal for Your Exchange
From: Stephanie Lincoln, Deputy City Clerk

INTRODUCTION
The Minnesota Department of Commerce has forwarded for Council consideration the Currency Exchange License renewal of Your Exchange, 3070 Coon Rapids Boulevard.
DISCUSSION
Minnesota Statutes Chapter 53A.04 requires the governing body to hold a public hearing and render a decision regarding the license renewal within 60 days, or by December 7, 2019.  The notice of public hearing was published in the Anoka County Union Herald on October 25, 2019. 

The Minnesota Department of Commerce conducted a state level background review on the appropriate personnel.  No matters which would impact concurrence with the license were discovered.

Your Exchange's fee schedule is attached.
RECOMMENDATION
Consider Your Exchange Currency Exchange License Renewal by:

a.  Conducting public hearing;
b.  Concurring with the Minnesota Department of Commerce Renewal of the 2020 Currency Exchange License for Your Exchange, 3070 Coon Rapids Boulevard.

Attachments
2020 Currency Exhange Fees for Your Exchange

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