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HomeMy WebLinkAboutOrd 15881 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 ORDINANCE NO. 1588 ORDINANCE OF THE CITY OF DRLINGAME REVISING THE DEFINITION OF "FINANCIAL INSTITUTION" AND ADDING A NEW DEFINITION FOR "INVESTMENT ADVISOR OR BROKER" UNDER THE CITY ZONING CODE [TITLE 251 The CITY COUNCIL of the CITY OF BURLINGAME does hereby ordain as follows: Section 1. The current definition of "financial institution" includes brokerages and financial advisors that do not generally have any greater impact on parking resources than other professional offices such as attorneys' or accountants' might. Therefore, it appears appropriate to differentiate between a brokerage and a financial institution. This ordinance further clarifies definitions regarding placement in other businesses and automatic teller machines. Section 2. Section 25.08.264 is amended to read as follows: 25.08.264 Financial institution "Financial institution" means: 1. Astate-licensed bank, national bank, savings and loan association, savings bank, federal credit union, state -licensed credit union, industrial loan company or finance company and money machines associated with them; and Z. A financial institution install ed in another business, whether financially independent or not, shall be considered a financial institution, and required to meet all requirements of Title 25 for finan cial institutions. 3. Free standin g automatic teller machines (ATMs) or similar machines dispensing currency I and other items for cash or debit shall not be considered financial institutions. Section 3. Anew Section 25.08.388 is added to the Municipal Code to read as follows: � 25.08.388 Investment Advisor or Broker "Investment Advisor or Broker" means an investment or financial counselor or manager, 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 broker or dealer in stocks, bonds, or commodities, or similar business offering the same or similar services. Section 4. Section 25.08.495 is amended Lore as follows: 25.08.495 Office. "Office" means a room or group of rooms used for conducting the affairs of a business, profession, service, industry or government; unless specifically excluded, it includes financial institutions, investment advisors or brokers, health services, and real estate offices. Section 5. Section 25.68.025 is amended to read as follows: � 25.68.025 Limited occupations. The following occupations and those considered to be of similar character by the city planner may be carried on as home occupation subject to the requirements of Section 25.68.010 and the additional limitations set forth hereinafter: accountants, attorneys, investment advisors or brokers, psychic services, insurance and real estate agents. The additional limitations are: 1. The applicant shall be the sole person engaged in the business; 2. There shall be no other employees on-site or off-site; and 3. No clients shall come to the site. Section 6. This ordinance shall be pu I, JiJDITH A. MALFATTI, City Clerk ofthe City of Burlingame, do hereby certify that the foregoing ordinance was introduced at a regular meeting of the City Council held on the 2nd day of March, 1998, and adopted thereafter at a regular meeting of the City Council held on the 16th day of March, 1998, by the following vote: -2- 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 AYES: COUNCILMEMBERS: GALLIGAN, O'MAHONY, SPINELLI, JANNEY, KNIGHT NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE FaWP51\DOCS\Ordinances\ord158 S.ord.wpd March 17; 1998 -3-