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No. 11 <br />TO: Mayor, Mayor Pro Tem & City Council <br />FROM: Grayson Path, City Manager <br />Stephanie Harris, City Attorney <br />Rob Vine, Assistant City Manager <br />SUBJECT: Credit Access Business Ordinance <br />DATE: May 8. 2023 <br />MI -1 *X61011mil <br />At the October 10, 2022 City Council Meeting, the City Council heard presentations from Texas <br />Appleseed and United Way regarding Credit Access Businesses (CABs) (aka Pay Day Loans and <br />car title loans) with a request that the city adopt an ordinance regulating these businesses to a <br />greater degree than they are currently regulated under state law. From this presentation, the City <br />Council requested that an ordinance regulating these services be produced and brought back to <br />them for consideration. <br />Working with Texas Appleseed, City Staff obtained a copy of a CAB Ordinance produced by the <br />Texas Municipal League (TML) nearly ten years ago. In addition, City Staff obtained a copy of <br />the recently approved City of Reno ordinance. The City of Reno ordinance mirrors that of the City <br />of Austin and the City of Dallas, both of which are currently in litigation. <br />Mayor Paula Portugal, Mayor Pro Tem Reginald Hughes, City Manager Grayson Path, City <br />Attorney Stephanie Harris, and Assistant City Manager Rob Vine met to review the draft TML <br />Ordinance. We made a few slight modifications based on versions approved by other <br />municipalities. <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. The City Council agreed. On December 9, 2022, we sent each <br />known Credit Access Business within city limits a letter and a copy of the proposed draft ordinance <br />informing them of the public hearing scheduled for January 9, 2023 at 5:30 p.m. City Staff posted <br />