HomeMy WebLinkAboutOrdinance-2006-1362
CITY OF WHEAT RIDGE, COLORADO
INTRODUCED BY COUNCIL MEMBER SANG
Council Bill No 11
Ordinance No 1362
Series of 2006
TITLE. AN ORDINANCE AMENDING CHAPTER 11 OF THE WHEAT RIDGE
CODE OF LAWS, ENTITLED LICENSES, PERMITS AND
MISCELLANEOUS BUSINESS REGULATIONS, SPECIFICALLY
CODE SECTION 11-170 CONCERNING THE REGULATION OF
PAWNBROKERS
WHEREAS, the City Council of the City of Wheat Ridge, Colorado (the "City"),
desires to amend Article VII of Chapter 11 of the City's Code of Laws, which concerns
the regulation of pawnbrokers within the City
NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF WHEAT RIDGE, COLORADO'
Section 1. The following definitions in Section 11-170 are hereby amended as
follows
Contract for purchase A contract entered into between a pawnbroker and a customer
pursuant to which money is advanced to the customer by the pawnbroker on the
delivery of tangible personal property by the customer to the pawnbroker on the
condition that the customer, for a fixed price and within a fixed period of time, ootto
exceed nH1ety ,gO} di3ysIQ BE HQ_LE$$lfj6t'LIIjIRTj"J~.9l.DA '(~, has the option to
cancel the contract and recover from the pawnbroker the tangible personal property
Fixed price. The amount agreed upon to cancel a contract for purchase during the
option period Said fixed price shall not exceed
il \ One-tenth of the ongfni3\ pnce for each month. plus the origmal purchasepr~ce Of)
MmOllfltsDf-fifty Dol1ars~ $50- OOi or- over or
\ 2! Oone-fifth of the original purchase price for each month, plus the original purchase
price em amounts under fifty dollars t$.50 OO!
Fixed time That period of time, not tB exceed Hmety(90Hiays 1Q BE NO LESS THAN
ItlLBlY (30\ DAYS, as set forth in a contract for purchase, w!thmwhtGfl the-Dustomer
mavexefC+seF9B an option to cancel the contract for purchase
Section 2. Safety Clause The City Council hereby finds, determines, and
declares that this Ordinance is promulgated under the general police power of the City
of Wheat Ridge, that it is promulgated for the health, safety, and welfare of the public
and that this Ordinance is necessary for the preservation of health and safety and for
the protection of public convenience and welfare The City Council further determines
that the Ordinance bears a rational relation to the proper legislative object sought to be
attained
Section 3. Effective Date This Ordinance shall take effect fifteen days after
final publication, as provided by Section 5 11 of the Charter
INTRODUCED, READ, AND ADOPTED on first reading by a vote of R to
o on this 22nd day of May , 2006, ordered published in
full in a newspaper of general circulation in the City of Wheat Ridge and Public Hearing
and consideration on final passage set for Tnn" 1? , 2006, at 7'00
o'clock p.m, in the Council Chambers, 7500 West 29th Avenue, Wheat Ridge,
Colorado
READ, ADOPTED AND ORDERED PUBLISHED on second and final reading by
a vote of 8 to 0 ,this 12th day of .Tune ,2006
SIGNED by the Mayor on this
13th
.
,2006
ATTEST
,. ('-<,"'. \ ( .. l.i. elL-
Pamela Anoerson, City Clerk
First Publication May 25, 2006
Second Publication June 15, 2006
Wheat Ridge Transcript
Effective Date June 30, 2006
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