Number
031614
Version
SUBSTITUTE 3
Reference
Sponsor
ALD. BOHL, DAVIS, MURPHY, D'AMATO, BAUMAN, DUDZIK AND WADE
Title
A substitute ordinance relating to zoning regulations for currency exchanges, payday loan agencies and title loan agencies.
Sections
295-311-2-h cr
Analysis
This ordinance requires any new currency exchange, payday loan agency or title loan agency to be located:
1. At least 1,500 feet from any existing currency exchange, payday loan agency or title loan agency.
2. At least 150 feet from any single-family or 2-family residential zoning district.
Body
Whereas, The city of Milwaukee has witnessed a proliferation of payday loan agencies and similar businesses that make non-traditional, short-term consumer loans; and
Whereas, "Convenient cash" businesses (i.e., check-cashing businesses, payday loan stores, etc.) have been the locations of several violent crimes in the city of Milwaukee, including two incidents in November, 2003, that left one person dead and two others wounded; and
Whereas, "Convenient cash" businesses, because of the frequency of cash transactions and the amount of money exchanged, are attractive to criminals seeking to make a "quick buck" by committing robberies; and
Whereas, For these reasons, the Common Council finds that the health, safety and welfare of Milwaukee residents should be protected by legislation limiting the geographic concentration of payday loan business and similar establishments and the proximity of such establishments to residentially-zoned areas; now, therefore, be it
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 295-311-2-h of the code is created to read:
295-311. Appeals.
2. SPECIAL USE PERMITS.
h. Additional Findings for Currency Exchange, Payday Loan Agency or Title Loan Agency. No special use permit for a currency exchange, payday loan agency or title loan agency shall be granted by the board unl...
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