With an auto title company looking to set up shop in North Ogden, Utah, for the first time, officials there are exploring ways to discourage similar businesses from following suit.
The city council was asked to approve a resolution setting a bond amount for Title Max, which has applied for a business license to operate in North Ogden under the category of bank or financial institution. City Manager Ron Chandler recommended $2,000, which the council approved. Councilman Justin Fawson, however, cast his ballot against the bond amount, arguing that it should be set so high that it would be "prohibitive" for Title Max to enter the local market. "I don't want to see this type of business in our city," said Fawson, whose sentiment was echoed by at least two other council members.
In order to block other title or payday lenders from moving into North Ogden under the existing zoning, the council has asked the planning commission to explore the matter and develop a new ordinance that applies exclusively to payday loan-types of operations.