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STATUS OF ISSUE: <br />At the November 14, 2022 City Council Meeting, City Staff presented a draft Ordinance to City <br />Council and recommended a public hearing be conducted at a future Council Meeting to allow <br />businesses a chance to give input. On December 9, 2022, City Manager Grayson Path sent each <br />Credit Access Business a letter and a copy of the proposed draft Ordinance informing them of the <br />public hearing scheduled for January 9, 2023 at 5:30 p.m. City Staff posted a Notice of the Public <br />Hearing on the City web -site and sent a Notice of the Public Hearing to Paris News, which was <br />published on December 27, 2022. <br />Since sending the notice and letter, we have been contacted by two entities with concerns regarding <br />the ordinance (representatives from TitleMax and the Trade Association). We have spoken with <br />them on the phone and they plan to be present tonight to speak at the Public Hearing. They are <br />requesting an opportunity to work with the City to revise the language in the ordinance. <br />BUDGET: <br />There will be a reasonable registration fee attached to this ordinance in order to cover <br />administrative review costs for issuing a certificate of registration. <br />OPTIONS: <br />1. Agree to the language of the ordinance as written. <br />2. Request edits to the language of the ordinance. <br />3. Request that staff meet with representation from CABs and consider new language to be <br />brought back to the City Council. <br />4. Reject the ordinance and either request different language or do not proceed with regulating <br />CABs. <br />RECOMMENDATION: <br />3. Request that staff meet with representation from CABs and consider new language to be <br />brought back to the City Council. <br />