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RESOLUTION NO. 89-~7
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF UKIAH ESTABLISHING INTEREST RATE
ON PAST DUE CITY UTILITY BILLS
WHEREAS, Ukiah City Code Section 2051 authorizes the City Council to
establish by resolution an interest rate on unpaid utility bills from the
City that have remained wholly or partially unpaid for more than sixty
(60) days after the billing date; and
WHEREAS, the City Council has determined a reasonable interest rate
to charge on such past due accounts;
NOW, THEREFORE, BE IT RESOLVED that:
1. The City shall charge on its bills for utility service which
remain unpaid for sixty (60) days or longer simple annual interest
equal to the prime lending rate, as established on the effective date
of this resolution and on June 30, 1989 and on June 30 of each year
thereafter, plus two percent (2%);
2. This resolution shall become effective on June 3, 1989.
PASSED AND ADOPTED on the 19th day of April, 1989, by the following
roll call vote:
AYES: Councilmembers Wattenburger, Shoemaker, Schneiter, Hickey,
and Mayor Henderson.
NOES: None.
ABSENT: None.
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