DISCLAIMER

 

05-0697R


RESOLUTION APPROVING THE RENEWAL OF A MINNESOTA CURRENCY EXCHANGE LICENSE TO CASH STATION LLC, DBA MONEYXCHANGE.

BY COUNCILOR STEWART:

     RESOLVED, that the Duluth City Council hereby approves of the Minnesota department of commerce issuing a license to conduct the business of a currency exchange at 101 East Superior Street to Cash Station LLC, dba MoneyXchange.


STATEMENT OF PURPOSE: By Minnesota Statute 53A-04, the Minnesota Legislature enacted changes to the licensing law under which currency exchanges are regulated. The governing body of the city in which the currency business is going to operate must concur in the issuance of a currency exchange license by the commissioner of commerce.