HomeMy WebLinkAboutRES 1980-30 - Board RESOLUTION IBC). 80 30
OF
TRUCKEE-DONNER, PUBLIC UTILITY DISTRICT
ESTABLISHING SERVICE. FEES ON RETURNED CHECKS
AND CHECKS SUBMITTED FOR COLLECTION
WHEREAS, it has come to the attention of the Board of Directors that
revisions should be made in District policy regarding returned checks and
checks submitted to the bank for collection; and
WHEREAS, the Board of Directors has discussed the policy in which the
costs of these matters are borne by the party issuing the returned check
rather than the other customers of the District.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
Truckee-Donner Public Utility District as follows:
1. That a service fee in the sum of FIVE AND N0/100
($5.00) DOLLARS shall be levied against the customer
f or each instance in which a check is returned to the
District without payment thereon.
2. An additional fee of FIVE AND NO1100 ($5,900) DOLLARS
shall be charged when the District enters a check for
collection at the bank.
3. It is expressly understood that as a procedure
rocedure
g
...
the bank will return a check f or a maximum of two (2)
times before i t is necessary f or the District's
representative to personally appear at the bank to enter
the check for collection, thereby making the maximum
fee the sum of FIFTEEN AND N0/100 ($15-00)
DOLLARS.
PASSED AND ADOPTED by the Board of Directors of the Truckee--Donner
Public Utility District, at a meeting held within said District on the 7th
day of April , 19809 by the following roll call vote:
AYES: Huber , Maass , Kuttel ,
9
NOES: None ,
ABSENT: Hatch , Sutton .
TRUCKEE-DONNER PUBLIC UTILITY
DISTRICT
4
By
ita-1-
r/kARL KWTEL, President
q TT .
A. MILTON SEYMOU ,
Clerk Thereof
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3/31/80