HomeMy Public PortalAboutRES-CC-1990-11RESOLUTION NO. 11-90
A RESOLUTION SETTING THE FINANCE CHARGES TO BE CHARGED ON
ALL ACCOUNTS RECEIVABLE OVER THIRTY (30) DAYS OLD.
WHEREAS, the Governing Body of the City of Moab finds it
necessary in accordance with Utah State Accounting Procedures to
set finance charges on all outstanding accounts receivable
accounts with Moab City;
NOW THEREFORE, BE IT HEREBY RESOLVED by the Moab City
Council, that the finance charges to be charged on all accounts
receivable accounts over thirty (30) days old shall be one and
one-half percent (1.5) monthly or eighteen percent (18%)
annually. These rates shall become effective with the September
1990 Utility Billing.
PASSED AND APPROVED in open Council by a majority vote of
the Governing Body of Moab City Council this 18th day of
September , A.D., 1990.
Thomas A. Stocks,
Moab City Mayor
ATTEST:
‘z.
andra E. Beauregard,
Acting Moab City Recorder