HomeMy WebLinkAboutRESO 6054• R!SOLCTION NO. 6054 • RBSOLU~ION TB! COUNCIL OF THE CITY PALO ALTO
AMENDING UTILITY RtJLB AND REGULATION NO. 10 ORIGINAL TO ADD SUBPARAGRAPH l(b)
RELATING TO LAT! CHARGES <* SOLAR LOANS
The Council of the City of Palo Alto does R!SOLV! as follows:
SECTION 1. Utility Rule and Regulation No. 10 is hereby
amended to add a Subparagraph 3 to subparagraph (b), as follows:
ft(3) Subparagraph& (1) and (2) to the contrary notwith-
standing, customer& whose utility bills include payments
of principal or interest on loans from the City which
are secured by mortgages or deeds of trust on real p.:o,~
perty shall be charged a late payment charge when any
current utility bill includes an unpaid installment on
such loan from a prior bill, provided that twenty (20)
days have elapsed since the date of the last billing.
For closing bills. the elapsed time will be thi~ty (30)
days. The late charge on such loan payment shall be six
p~rcent (6t) of the installment due or Five Dollars
t$'5), whichever is greater. No charge will be imposed
more than once for the late payment of the same install-
ment; provided, however, that the imposition of the late
charge on any late payment will not eliminate or super-
sede late charges imposed on prior late payments. No
late charge will be imposed on any installment which is
paid or tendered in full on or before its due date, or
within ten (10) days after notice is given that the late
charge will be imposed even though an earlier install-
ment or installments, or any late charge thereon, may
not have b2en paid in full when due. For purposes of
determining whether late charges may be imposed, any
payment ten·ered by the customer shall be applied by the
City to the most ~ec@nt installruent due. Nothing · •
this Rule and Regu:i.ation shall be construed to al· .e..: in
any way the duty of the customer to pay any installment
on a loan from City when due or t:o alt·er the riqhts of
the City to enforce the payment of such installments.
Nothing in this subparagraph shall alter the payment or
collection of late charges assessed in accordance with
subpara9raphs (1) and (2) of this Rule and Regulation
for utility bills or portions t.~ereof which do not
include payments-on loans secured by real property.w
SECTIOM 2. ~e City Council further finds that ad~ption
this resolution will not have any significant environmental of
effect.
INTRODUCED AND PASSED: July 19, 1982
AYES: Bechtel s Cobb, Eyerly, Faz1ino, Fletcher, Klein, Levy, P.enzel, ·
Witherspoon
NOES: None
ABSTENTIONS~ None
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