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ORDINANCE NO. 884
ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF UKIAH ADDING CHAPTER 13 ENTITLED:
FISCAL REGULATIONS, TO DIVISION !
OF THE UKIAH CITY CODE
The City Council of the City of Ukiah hereby ordains as follows:
Section One.
Chapter 13, entitled: Fiscal Regulations, beginning with Section 2050
is hereby added to Division 1 of the Ukiah City Code to read as follows:
Chapter 13 - Fiscal Regulations
Section 2050 - Interest on delinquent payments.
Unless otherwise expressly provided by applicable law, this Code or
agreement, any debt owing to the City and unpaid, in whole or in part,
for more than thirty (30) days after the billing date or payment date
under any contract, agreement or Lease shall incur interest on the
unpaid balance at a monthly rate established from time to time by
resolution of the City Council, beginning on the thirty-first (31st)
day and continuing until the debt is paid in full.
Section Two.
This Ordinance shall be published as required by law in a newspaper of
general circulation published in the City of Ukiah.
Section Three.
This Ordinance shall become effective on
PASSED AND ADOPTED this 15 day of
following roll call vote:
April 15, 1989, 1989.
March , 1989, by the
AYES:
Councilmembers Wattenburger, Shoemaker, Schneiter, Hickey, and
Mayor Henderson
NOES: None
ABSENT: None