TITLE
Recommendation to adopt resolution for the Commercial Services Bureau imposing an administrative charge on certain accounts receivable due the City to offset and reimburse City for costs incurred because of untimely payment after the due date.
SUGGESTED ACTION
Approve recommendation.
BODY
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LONG BEACH IMPOSING AN ADMINISTRATIVE
CHARGE ON CERTAIN ACCOUNTS RECEIVABLE DUE THE
CITY TO OFFSET AND REIMBURSE CITY FOR COSTS
INCURRED BECAUSE OF UNTIMELY PAYMENT AFTER
THE DUE DATE
Respectfully Submitted,
[Respectfully Submitted,]