Number
041000
Version
SUBSTITUTE 2
Reference
Sponsor
ALD. DAVIS
Title
Substitute resolution creating a task force to study the impacts of "convenient cash businesses" on Milwaukee neighborhoods.
Analysis
This resolution creates a 10-member City of Milwaukee "Task Force on the Impacts of Convenient Cash Institutions". It further directs the Task Force to investigate the impacts of convenient cash businesses on surrounding neighborhoods (including effects on public safety and community and economic development) and to develop a list of recommended public-policy solutions to any problems it identifies. The Task Force shall submit and present its findings and recommendations to the Common Council within one year of adoption of this resolution, and shall thereafter be dissolved.
Body
Whereas, In recent years, the city of Milwaukee has witnessed a proliferation of payday loan agencies, check-cashing businesses and similar "convenient cash" establishments; and
Whereas, Convenient cash businesses, because of the frequency of cash transactions and the amounts of money exchanged, may be attractive to criminals seeking to commit robberies or similar crimes; and
Whereas, Convenient cash businesses may have secondary impacts on the communities in which they are located, including effects on public safety and on neighborhood economic development efforts; and
Whereas, In order to identify and document the community impacts of convenient cash businesses, and to devise any necessary public-policy strategies for addressing those impacts, the Common Council finds that the health, safety and welfare of Milwaukee residents could benefit from the creation of a public task force to carry out these duties; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the City of Milwaukee Task Force on the Impacts of Convenient Cash Institutions is created; and, be it
Further Resolved, That this Task Force shall consist o...
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