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TO: Mayor Thomas J. Weisner
FROM: Planning Commission
DATE: August 5, 2015
SUBJECT:
An Ordinance Approving an amendment to Ordinance Number 3100, entitled the Aurora Zoning Ordinance to modify certain portions of Sec. 19.2 Adoption, Sec. 3 Specific Rules, Sec. 4.3 Special Uses & Structures, Sec. 5.13 Off-Street Parking & Loading, Sec. 8.8-3.1.C-ii Standards, Sec. 10.5-3 Standard for variations, Sec. 10.6-5 Standards, Sec. 10.8-13 Standards, Sec. 11 Amendments, and Table One: Use Categories (City of Aurora - L15-00209 / KDWK-15.067-TXT - BW) (PUBLIC HEARING)
PURPOSE:
The main purpose of this proposed amendment is to modify certain portions of the Aurora Zoning Ordinance to place business establishments, commonly referred to as Alternative Financial Institutions (including payday loan stores, check cashing facilities, currency exchanges, title loan businesses, as well as pawnshops and cash-for-gold stores) as Special Uses in certain zoning districts. Additionally, there are proposed changes to the provisions regarding driveways, oversized vehicles and findings of facts.
BACKGROUND:
The City of Aurora has experienced a high density of alternative financial services locating within some of Aurora's retail corridors. These establishments are commonly referred to as check cashing facilities, payday loan agencies, currency exchanges, title loan businesses, and the like. The use of these alternative financial services reduces the use of the more typical bank and financial institutions, which have regulations in place to protect consumers. The alternative financial institutions we are looking to regulate here can charge borrowers triple digit interest rates and can be damaging to families that live on the financial edge. But also important is that these type of uses do not meet the economic development goals that come with commercial development, and do not produce sales tax revenue. It has been shown that these alternative f...
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