HomeMy Public PortalAboutResolution #2014-05, A Resolution Establishing A Fees And Procedure Policy For Payments Received RESOLUTION#2014-5
A RESOLUTION ESTABLISHING A FEES AND PROCEDURE POLICY FOR PAYMENTS RECEIVED
WHEREAS,the City of Riverdale receives numerous payments from customers for utility
account payments and other services; and
WHEREAS, occasionally a financial instrument is returned to the City for non-payment;
and
WHEREAS, each incident that a financial instrument is returned creates additional bank
charges to the City and creates substantial staff time to perform necessary tasks to reverse this
payment.
NOW,THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
RIVERDALE, IOWA, that the following shall be included as part of the City of Riverdale's
Financial Policy and Procedures Manual: Fees and Procedures for returned checks:
1. A surcharge fee of$25.00 will be charged to the City of Riverdale's customer for all
financial instruments that are returned for non-payment that were presented for that
customer's benefit.
2. If a customer has more than one financial instrument returned for non-payment in any
given period of 12 months, the City of Riverdale will only accept cash payments for
that customer benefit.
3. The City will post a notice of the surcharge on the utility billing statements, stating
that a surcharge will be assessed and the amount of surcharge pursuant to IA code
section 554.3512
4. However,the surcharge shall not be assessed against the maker if the reason for
dishonor of the payment is that the maker has stopped payment pursuant to IA code
section 554.4403.
5. The City may report to a credit reporting agency for non-payment of bills over 3
months past due.
6. The City may place a property lien on the location services are provided as referred to
in Riverdale City ordinance 95.145.
BE IT FURTHER RESOLVED, that the Mayor and City Clerk/Treasurer are hereby
authorized and directed to execute said resolution.
PASSED, APPROVED AND ADOPTED THIS 20 of May , 2014 by the following vote:
Ayes: Channon, Hupp, Seaberg, Nays:
Littrel, Halsey
A ST:
Sonya Par.ock, Mayor Paula McIntosh