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1986-02 Pertaining to Payments Due and Payable to the BoroughKODIAK ISLAND BOROUGH ORDINANCE NO. 86 -02 -0 AN ORDINANCE OF THE KODIAK ISLAND BOROUGH ASSEMBLY PERTAINING TO PAYMENTS DUE AND PAYABLE TO THE BOROUGH. WHEREAS, the form and identification of payments due to the Borough has not previously been deliniated in the code, and WHEREAS, dishonored checks seem to be increasing significantly. NOW THEREFORE, BE IT ORDAINED, that Section 3.10 of the Kodiak Island Borough Code be added as follows: Chapter 3.10 PUBLIC FINANCE -- PAYMENTS Sections: 3.10.010 General 3.10.020 Form of Payment 3.10.021 Exceptions to Form 3.10.030 Identification of Payment 3.10.090 Dishonored Checks 3.10.010 General. The Kodiak Island Borough (Borough) accepts payments from various sources in satisfaction for obligations due to the Borough. 3.10.020 Form of Payment. Generally the Borough will accept payment in any form in satisfaction for any obligation due to the Borough. This must be in currency, check, postal money order, electronic fund transfer or such other form that is than current as legal tender for liquidation of debts in United States of America funds. 3.10.021 Exceptions to Form. The Borough reserves the right to refuse certain forms of payment and to demand United States currency only in certain cases. This demand will be held to a minimum and will normally only be exercised in cases of tax foreclosure sales, amounts tendered by known bad check writers and such situations. 3.10.030 Identification of Payment. All payments tendered to the Borough should be identified as to the obligation the payee is proposing to liquidate. This is especially necessary when payment is tendered by mail. 3.10.090 Dishonored Checks. The Borough will charge a fee of fifteen ($15.00) dollars for returned checks. This fee will in no way negate other remedies available to the Borough under other laws, e.g., felony prosecution for a large check on a closed account. All , '_nances or parts of ordinances )und to be in conflict with this ordinance are hereby explicitly rescinded. Upon passage, this ordinance shall take effect immediately. PASSED AND APPROVED by the Kodiak Island Borough Assembly t' 6 day of February ,1986. ATTEST: By First Reading, Approval Date: 2 January 1986 KODIAK ISLAND BOROUGH By r Borough Mayor By Pr‘ iding Officer Second Reading, Public Hearing, Approval Date: 6 February 1986 Effective Date: 6 February 1986 Drafted By: Finance Director Ordinance 86 -02 -0 2