Ordinance 2231-97 - Laserfiche WebLink

ORDINANCE NO. 2231-97 AN ORDINANCE OF THE EVERETT CITY COUNCIL ESTABLISHING LATE FEES AND PENALTIES ON CERTAIN PAST ACCOUNTS AND REPEALING ORDINANCE 931-83 WHEREAS, the City of Everett, in the course of prudent financial management, desires to create a system wherein prompt payment of amounts due and owing to the City is encouraged; and WHEREAS, many aspects of the City's business already include incentives for prompt payment, such as late fees, penalties, and other disincentives for late payment; and WHEREAS, there remain certain "miscellaneous accounts receivable"where specific authority does not exist for the imposition of late fees and penalties; and WHEREAS, it is a common business practice to charge a fee for processing returned checks for non-payment; NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: Section 1: Except as otherwise provided by city ordinance or resolution, a late fee shall be assessed to all amounts sixty (60) days past due in an amount equal to one percent per month or such greater amount as allowed by law. Section 2: Checks returned for non-payment shall be assessed a penalty of $25 per incident. The Mayor/or his designee shall have authority to administratively set this penalty in accordance with state law. Section 3: All collection agency costs incurred by the City in the collection of amounts owed the City shall be assessed to the debtor in addition to any amounts owed where permitted by law. Section 4: The Finance Director is authorized to administer the levying and collection of these fees and interest. Section 5: Ordinance 931-83 is repealed in its entirety. PASSED BY THE CITY COUNCIL and approved by its Mayor at a regular meeting of the Council this 9th day of July ,0�'' \ � a0404,,,„„ - - • -n, Mayor ATT' T •[// , * . atJao, City Clerk • Passed: 7/9/97 Valid: 7/17/q7 Effective: ''7 Z /9 7 Published- 2-