Item 4: Ordinance on Used Merchandise Dealer Provisions

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2. The term “regulated property” does not include any of the following property: vehicles required to be registered with the state Motor Vehicles Division; boats required to be certified by the state Marine Board; books; collectable trading cards (e.g., baseball trading cards or movie trading cards); glassware; furniture; clothes; refrigerators, stoves, washers, dryers, window air conditioner units, and other similar major household appliances; small kitchen appliances; or property that is purchased for investment purposes, limited to the following: a. Gold bullion bars or rounds (0.995 fine or better); b. Silver bullion bars or rounds (0.995 fine or better); c. Palladium and platinum bars or rounds (0.995 fine or better); cd. All tokens, coins, or money, whether commemorative or an actual medium of exchange, adopted by a domestic or foreign government as part of its currency; or de. Postage stamps, stamp collections and philatelic items.; or f. Privately manufactured coins. (fi) Used merchandise dealer. 1. A person who engages in, conducts, manages, or carries on any business that, as part or all of its business: a. Purchases regulated property; or b. Lends money on security of regulated property. 2. A used merchandise dealer does not include: a. A person who engages in, conducts, manages, or carries on any business that does not buy regulated property outright, but occasionally accepts in trade regulated property as part or full payment for new articles, where such business is incidental to the primary business of the sale of new articles; b. A person who engages in, conducts, manages, or carries on any business that deals exclusively in the purchase and sale of used whole automobiles, books, trading cards and sports memorabilia, clothing, furniture, major household electric or gas appliances, or farm implements and machinery; or c. A person who engages in, conducts, manages, or carries on any nonprofit corporation or association that purchases, sells or otherwise exchanges only donated articles. (2) No person with a felony conviction for Burglary, Theft I, Manufacture of a Controlled Substance or Schedule I or II Drug Possession may be permitted to own or operate a used merchandise business. (2) 3 Recording requirements. (a) At the time of purchase, a used merchandise dealer shall accurately record: the description of the regulated property purchase; the address, date of birth and current telephone number of the person from whom the regulated property was purchased; and the person’s approved identification. (b) The used merchandise dealer shall record an identifying description and take a discernible, clear photograph of all jewelry, gems and precious metal items. Pawnbrokers accepting a pledge are not required to photograph the pledged item. (bc) Used merchandise dealers shall record purchases of regulated property via an automated electronic reporting system approved by the city. Ordinance - Page 2 of 5