(A) A late fee of 1.5% of the total bill with an amount as the Council may set by resolution from time to time will be added to all electric bills not paid by the last day of each month, unless the last day falls on a Saturday, Sunday or a legal holiday, which would then put the last day to make a utility payment on the next regular working day. This penalty applies to all commercial, irrigation and residential customers when they are past due, regardless if they enter into a payment extension agreement with the utility office and will continue to accrue to an account for each month that late payments are made.
(B) A person is only eligible to enter into a payment extension agreement when he or she is able to show how he or she will make the delinquent payments to the Utility Supervisor or Town Manager, and it will be at their discretion and judgment whether to allow an account to enter into a payment extension agreement. It shall be understood that an essential element of a payment extension agreement is that all future electricity payments must be made by their due date in conjunction with any delinquent payments. Should a customer not comply with the terms of the payment extension agreement, including becoming delinquent on future utility bills, then the payment extension agreement shall become null and void and this electric service subject to shutoff. Payment extension agreements are not to continue beyond three months in any calendar year for any customer or single account.
(1991 Code, § 14-1-6) (Ord. 98-1997, passed 1-21-1997)