Kokomo’s Common Council revised an ordinance Monday that will require local secondhand shops to keep new purchases for 10 days before putting them out for sale, giving police more time to track stolen goods.
The council amended the ordinance on second reading for pawnbrokers and secondhand dealers in the city in an effort to comply with updates to state laws. Previously, Kokomo’s ordinance required that items be retained for 24 hours.
The changes are meant to give police more time to investigate and discover stolen goods that are sold at pawn shops or other secondhand stores.
All goods or articles sold at any licensed pawnbroker, secondhand dealer, precious metals or stone dealer must now be retained at their place of business for 10 days after the transaction has been electronically transmitted to the Kokomo Police Department before the items can be sold.
In addition to a longer waiting period, a clear photograph of each article, capturing characteristics such as serial numbers, names, letters, special features or other unique identifying marks, must be preserved electronically through a computer data system as stipulated by the Kokomo Police Department.
If law enforcement finds an article has been entered incorrectly into the data system, the store will have 24 hours to correct the mistake after notification and must hold the item for 10 additional days.
Any stolen item located by law enforcement in a pawn shop, secondhand dealer or precious metals dealer is subject to confiscation by police. Businesses are subject to a fine up to $2,500 for any violation of the ordinance.
In other business
The council also approved the purchase of two parcels in a flood-prone area downtown as part of its flood mitigation plan. The properties are located at 220 E. Vaile St. and 404 S. Union St.