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HomeMy WebLinkAboutReso 66-19 Returned Deposited Item PolicyRESOLUTION NU. 66-19 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MORRO BAY, CALIFORNIA, ADOPTING A RETURNED DEPOSITED ITEM POLICY THE CITY COUNCIL City of Morro Bay, California WHEREAS, The City of Morro Bay collects payments for utility bills, transient occupancy tax, business tax, permits and fees and charges for services; and WHEREAS, the City of Morro Bay accepts multiple types of payments, including personal check; and WHEREAS, staff recommends the City Council adopt the proposed Returned Deposited Item Policy to formalize a policy for consistent administrative application by staff. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay, California, that the "Returned Deposited Item Policy" as documented in Exhibit A, attached hereto and incorporated herein, is hereby approved. PASSED AND ADOPTED by the City Council of the City of Morro Bay at a special meeting thereof held on the 9day of July 2019, by the following vote: AYES: NOES: ABSENT ATTEST: Headding, Addis, Davis, Heller, McPherson None None Resolution No. 66-19 COUNCIL POLICY Returned Deposited Item Policy Policy Statement Exhibit A The City of Morro Bay (City) provides many services to the Citizens of Morro Bay that have fees due. The City Council sets legislative financial management policies, as recommended by staff and/or advisory committees. This Returned Deposited Item Policy ("Policy") is designed to establish guidelines to allow for City employees to collect payment for services provided. Purpose The Returned Deposited Item Policy establishes an authority for providing billing adjustments and collection of payment guidelines to any payment that was provided and then returned by the City's bank. Definitions Returned Bank Item — A check, bank draft/direct payment or electronic payment, received by the City as payment for a service provided, that was returned by the bank as unpayable. Returned Deposited Item Procedures and Fees • The City charges for many different services provided, and can accept check, cash, cI1 d0 d%& card, bank draft/direct payment or electronic payment as acceptable payments (see Payment Type Policy). • The original payment will be adjusted out of the payees' account, if applicable. • Written notification will be provided to the payee by U.S. mail addressed to the mailing address of the payee as on record with the City, when the City receives notification of returned deposited item by the City's bank. The payee will be given 5 business days (timeframe begins 2 business days after date of mailing) to make a payment in full after the date the notification was mailed or posted. • There will be a fee of $25.00 added to the amount of original payment for the first returned deposited item, and $35.00 for the third and second. • Payment can be made with cash, debit, credit, money order or cashier's check only. Check and bank draft/direct payment will not be accepted for a returned item. • If payment is not received within the 5 business days, the payee will be sent to a collection agency or District Attorneys Bad Check Program at the City's discretion. • If the returned item was a water payment, a second notice (in addition to the primary written notification mailed to the payee as provided above) will be posted to the property receiving the service with one additional business day to make the payment in full. If the payment is oiisi.0001/480961.1 Page 1 Returned Deposited Item Policy Resolution No. 6649 Exhibit A not made in full, the account is subject to shut off during the City's monthly shut off process with a reconnection fee due before services are restored, per the master fee schedule. ® If a payee has had three Returned Deposited Items, the City will not accept payment in the form of check or bank draft/direct deposit from the Payee or the account the payment was made for in a 24-month period. Such a situation will be documented with written notification that will be sent to the payee by U.S. mail addressed to the mailing address of the payee as on record with the City, and documented in the customer's account notes, if applicable. This policy applies to all customers of the Gity of Morro Bay. The Finance Department is responsible for the administration and enforcement of this policy. 01181.0001/480961.1 Page 2 Returned Deposited Item Policy