94-8113r70
RESOLUTION NO. 8113
RESOLUTION SETTING INTEREST PENALTY,
CERTIFICATION FEE AND INTEREST ASSESSMENT FOR
DELINQUENT WATER AND SEWER UTILITY ACCOUNTS
WHEREAS, the number and total dollar amount of delinquent
water and sewer utility accounts has increased in the past
several years, and
WHEREAS, these delinquent. accounts must be certified to the
property tax of the respective delinquent account in order to
collect the fees, and
WHEREAS, the cost of collecting the delinquent accounts and
loss of timely revenue has a negative impact upon the water and
sewer utilities, and
WHEREAS, the current penalty and certification structure do
not adequately compensate the water and sewer utility for the
cost associated with delinquent payments and certification, and
WHEREAS, the City wishes to modify penalty and certification
procedures in order to address these concerns.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Richfield does hereby direct the following changes to be
made in the water and sewer utility rate and fee structure:
1. Effective April 1, 1994 the penalty rate be increased from
five percent to six and one-half percent, and
2. Effective for 1994 certification of delinquent utility fees
that the certification fee be increased from $20 to $25, and
3. Effective for 1994 certifications of delinquent utility fees
that the certified accounts include interest charges at
.eight percent.
Adopted by the City Council of the City of Richfield,
Minnesota this 28th day of February 1994.
C
Martin J. it ch, Mayor
ATTEST:
Thomas P. Ferber, City Clerk