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particular location. Mr. Tyus said staff is not calling Security Finance a payday lender. Security <br /> Finance is being defined as a consumer installment lender. This use is allowed to charge an annual <br /> percentage rate up to thirty-six (36)percent on loans up to $4,000 and up to ninety-nine (99) percent <br /> on smaller loans. <br /> It was moved and seconded (Jeffery/Newton) to remove Calendar No. 17-08 from the table. Motion <br /> carried unanimously. <br /> It was moved and seconded (Jeffery/Newton) to forward Calendar No. 17-08 to the City Council with <br /> a recommendation for approval as presented by staff. Motion carried 5-2. <br />