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<br /> <br /> <br /> <br /> <br /> <br /> VI. LATE CHARGES <br /> The late payment of any invoiced amount by a contracting entity will cause the County to <br /> incur costs not contemplated by the County/contracting entity agreement, the exact amount <br /> of such cost will be extremely difficult to ascertain. Such costs include, but are not limited to, <br /> costs such as administrative follow-up and processing of delinquent notices, increased <br /> accounting costs, etc. <br /> <br /> Late charges will be assessed in the following situations: <br /> Over-the-counter payments will be assessed a late charge if any payment is not received <br /> by the County by the payment due date. <br /> <br /> Payments transmitted to the County via the U.S. Mail that have the payer's postage <br /> meter mark will be assessed a late charge if any payment is not received by the County <br /> by the payment due date plus one day. <br /> <br /> Payments transmitted to the County via the U.S. Mail that have a U.S. Post Office <br /> postmark dated after the payment due date will be assessed a late charge. <br /> The late charge assessed in each of these situations shall be three-quarters of one percent <br /> (0.75%) of the payment due and unpaid plus $100.00 for late payments made within 30 days <br /> of the payment due date. An additional charge of three-quarters of one percent (0.75%) of <br /> said payment shall be added for each additional 30-day period that the payment remains <br /> unpaid. Late charges shall be added to the payment and invoiced to the contracting entity in <br /> accordance with this policy. <br /> VII. COLLECTIONS <br /> <br /> Any invoice remaining unpaid 90 days after the invoice date shall be referred to the Auditor- <br /> Controller for subsequent collection action, such as deduction from contracting entity <br /> moneys on deposit with the County Treasurer in accordance with Government Code Section <br /> 907 and any other applicable provision of law. Non-payment of invoices and applicable late <br /> charges will constitute a breach of contract for which the County retains all legal remedies <br /> including termination of the contract. <br /> VIII. DISCOUNT FOR EARLY PAYMENT <br /> <br /> Any payment received by the County from a contracting entity 20 days or more before the <br /> payment due date shall be entitled to a discount of one-quarter of one percent (0.25%). If <br /> the contracting entity takes a discount, and the payment is received by the County less than <br /> 20 days before the payment due date, County staff shall immediately notify the contracting <br /> entity by telephone that the discount should not have been taken and that the balance is due <br /> by the original payment due date. <br /> If the balance is not received by the County in accordance with the dates as specified in <br /> Section VII, applicable late charges shall be calculated on the balance due. <br /> <br /> <br /> <br /> Page 3of4 <br /> <br /> <br /> <br /> 25B-13 <br />