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2015-040 Revising Legislative Policy 6E - Finance Collection Billing Policy CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 2015-040 Revising Legislative Policy 6E—Finance Collection Billing Policy WHEREAS, the City Council of the City of Hopkins has approved a document entitled the Legislative Policy Manual to provide uniform guidelines on City policies so that actions taken are consistent and fair; and WHEREAS, the City Council has established Legislative Policy 6-E in order to establish procedures to ensure the collection of utility bills and accounts receivable invoices; and WHEREAS, the City Council has determined that the existing policy needs to be revised in order to increase the service charge for delinquent amounts that are to be assessed, NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Hopkins hereby repeals, in its entirety, Section 2.01 of Policy 6-E, entitled the Finance Billing Collection Policy, and replaces it with the following: Utility bills will be sent out no later than the third working day of the month and are due the 20th of the month or the next business day if the 20th falls on a weekend or federal holiday. Payments received within three (3) days following the due date will not be charged a penalty. A penalty of 10%of the water, sanitary sewer, storm sewer and refuse charges for the current month will be charged if the bill becomes delinquent. Adopted by the City Council of the City of Hopkins this 21st day of April 2015. By �o�" 0/6 r- Gen axwell, Mayor ATTEST: fit/fig-kW) yomeier, City Clerk