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2016-056 Revising Legislative Policy 6E - Finance Collection Billing Policy City of Hopkins Hennepin County, Minnesota RESOLUTION NO. 2016-056 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 clarify the $100 fee applied to past due amounts subject to certification and to require a reconnection date for temporarily stopped refuse service, NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Hopkins hereby modifies, Sections 2.02, 2.03 and 3.01 of Policy 6-E, entitled the Finance Billing Collection Policy, as follows: 2.02: Add the sentence: Interest will be charged on accounts receivable invoices that are 30 days or more past due at a rate of 18% per year or 1'/z% a month. 2.03: Changed to read: Delinquent utility and property related accounts receivable amounts dated prior to June 1St of the year will be processed for assessment certification on a yearly basis to Hennepin County. Written notice shall be mailed to each debtor during the month of June advising them of this policy. There shall be a $100 service charged added on each utility or accounts receivable account remitted to assessing for certification to their property taxes. 3.01: Add to the last sentence: and provide an estimated reconnection date. Adopted by the City Council of the City of Hopkins this 6th day of September 2016. By / �� Molly Cummings, Mayor ATTEST: 0 - ,,,,PARLeA Amy Domeier, City Clerk