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CITY of RAPID CITY Agenda Item Summary |
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Meeting Date: 12/30/2014 |
Commission, Board or Committee: Legal & Finance Committee |
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Staff Contact: Pauline Sumption |
PW Committee or L&F Committee: 12/10/2014 |
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Petitioner: N/A |
City Council 1st Reading: 12/15/2014 |
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Location: |
City Council 2nd Reading: 01/05/2015 |
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Agenda Title: |
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RESOLUTION 2015-001A RESOLTUION ESTABLISHING A STOP PAY POLICY FOR LOST, STOLEN OR DESTROYED CHECKS ISSUED BY THE CITY OF RAPID CITY |
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Summary: |
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The City of Rapid City currently issues stop payment orders on lost, stolen or destroyed checks in the amount of $500.00 or more. In addition, the recipient of the check is required to pay a stop payment fee, whether the City gets charged or not. This resolution would change this so they recipient only has to pay a stop payment fee if the financial institution actually charges a fee to the City for this service. |
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Funding Source & Fiscal Impact (if applicable): |
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N/A |
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Recommendation: |
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Action: Approve Notes: |
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Options: |
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Attachments & Links: |
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