Sponsor
Alderman Weidner, Helding and Wisneski
Title
Ordinance No. 25-06 to amend Sec. 114-1(b)(2) and Sec. 114-468 of the Municipal Code of the City of Racine, Wisconsin relating to Zoning - Conditional Uses.
ORDINANCE NO. 25-06
To amend Sec. 114-1(b)(2) and Sec. 114-468 of the Municipal Code of the City of Racine, Wisconsin relating to Zoning - Conditional Uses.
Legislative Intent:
The City of Racine is experiencing a proliferation of convenient-cash businesses making non-traditional, short term consumer loans. Such businesses tailor their services to make them attractive to persons experiencing unfavorable economic circumstances, often aggravating those circumstances. Additionally, it has been found that through their business practices, convenient-cash businesses are susceptible to attracting criminals seeking to commit robberies. Finally, when clustered in an area or strung out along an arterial street, such locational concentration creates an unwarranted negative impression regarding the economic vitality of a commercial district and the community at large. Based on their proliferation, their susceptibility to crime, and the negative effects of their proliferation, the Common Council finds that the health, safety and welfare of the residents of the City of Racine should be protected by legislation limiting the geographic proliferation of convenient-cash businesses.
The Common Council of the City of Racine do ordain as follows:
Part 1:
Sec. 114-1(b)(2) of the Municipal Code of the City of Racine is hereby amended by adding the following definition after the definition of "Convalescent or nursing home":
"Convenient-cash business. A convenient-cash business, also referred to as a payday loan business, title for cash business, check cashing business or similar enterprise is any person licensed pursuant to Wis. Stat. sec. 218.05, or a person licensed pursuant to Wis. Stat. sec. 138.09, who accepts a check or title, holds the check or title for a period of time before negotiating or presenting the check or title for payment, and pays to the issuer an agreed-upon amount of cash, or who refinances or consolidates such a transaction."
Part 2:
Sec. 114-468 of the Municipal Code of the City of Racine is hereby amended by adding the following at the end of the section:
"(28) Convenient-cash businesses, provided that no other convenient-cash business is located within two thousand five hundred (2,500) feet and the business is located at least two hundred fifty (250) feet from a residential district."
Part 3:
This ordinance shall take effect upon passage and the day after publication.
Passed by the Common Council:
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Approved:
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Mayor
Attest:
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City Clerk
FISCAL NOTE: N/A