2006 ORD O-03-06 - Laserfiche WebLink

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2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 ORDINANCE NO. 0-03-06 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COLTON, CALIFORNIA, AMENDING SECTION 3.38.020 OF CHAPTER 3.38 OF TITLE 3 OF THE COLTON MUNICIPAL CODE CONCERNING LATE CHARGES ON DELINQUENT ACCOUNTS RECEIVABLE AND ELIMINATING SECTION 3.38.030 OF CHAPTER 3.38 OF TITLE 3 OF THE COLTON MUNICIPAL CODE CONCERNING THE TWO PERCENT REDUCTION FOR EARLY PAYMENTS ON ACCOUNTS RECEIVABLE WHEREAS, the City Council has the authority to prescribe, revise and collect charges for the services and facilities furnished by the electric energy enterprise within the Colton Electric Utility ("Utility") and to otherwise amend, fix and/or establish the rates to be charged for the sale of electric energy, as well as all other deposits and charges in connection therewith, including late charges and early payment credits; and WHEREAS, the City Council has previously adopted a ten percent (10%) late charge fee for delinquent payments and a two percent (2%) early payment credit for electric customers and various other tax and rate payers in the City pursuant to Ordinance No. 0-07-96 and the exhibits attached thereto; and WHEREAS, by way of this Ordinance, the City Council now desires to amend the late fee by reducing it from ten percent (10%) to five percent (5%) for delinquent payments, while at the same time exempting the late fee requirement for utility bills under twenty dollars ($20.00), and to eliminate the early payment credits as set forth and described in the exhibits to Ordinance 0-07-96 and the exhibits thereto, in order to assist the Electric Utility to recover its revenue requirement. NOW THEREFORE, BE IT RESOLVED AS FOLLOWS: SECTION 1: Sections 3.38.020 of Chapter 3.38 of Title 3 of the Colton Municipal Code ("Late charges on delinquent accounts receivable") is hereby amended to read as follows: 1