Submitted By
Emily A. Egan, Development Services Director
Reviewed By
A.M. Zayyad, Deputy Village Manager
Agenda Item Title
Title
Resolutions Approving and Authorizing the Annual Renewal of Pawnbrokers Business Licenses
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Overview
Overview
Article 48 (“Pawnbrokers”) of Chapter 8 (“Business Licensing”) of Oak Park Village Code requires that the annual renewal of business licenses for pawnbrokers be given at the direction and approval of the Village President and Board of Trustees, upon authorization of the Police Chief.
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Recommendation
Recommendation
Adopt the Resolutions.
Background
Pursuant to Article 48, the Police Chief has been advised that the review and investigation of the applications for pawnbroker licenses have been completed and authorizes the issuance of licenses to the following three applicants: 1.) Oak Park Pawn Shop, LLC d/b/a A-1 American Jewelers & Loan (6151 North Avenue); 2.) Cash America, Inc. of Illinois, d/b/a/ Cash America Pawn #2397 (6303 North Avenue) and 3.) Irving Park Jewelry & Coin, Inc. d/b/a Hollywood Pawners (6147 North Avenue).
A copy of the Police Chief's annual Pawn Shop Report Summary is attached. To date in 2024, there have been a total of 42 calls for service at the three local pawn shop locations. This number is the same as calls for service reported during the same time period in 2023. No enforcement action was taken by the Police Department or Village against any of the listed businesses. From January 1, 2024, through September 26, 2024, the Police Department did not recover any stolen property from the businesses in question.
Fiscal Impact
The annual license fee for a pawnbroker business is currently $2,000. A three percent (3.0%) increase is being requested in the proposed FY25 budget.
DEI Impact
N/A
Alternatives
The Village Board could delay approval pending additional information requested.
Previous Board Action
The pawnbroker licenses are considered annually. The last approval by the Village Board was in December 2023.
Citizen Advisory Commission Action
N/A
Anticipated Future Actions/Commitments
The pawnbroker licenses are considered annually.
Intergovernmental Cooperation Opportunities
N/A