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HomeMy WebLinkAboutResolution No. 2020-73_Extending_Temp_Waiver_of_Utility_Late_Fees RESOLUTION NO 2020-73 EXTENDING TEMPORARY WAIVER OF UTILITY BILLING LATE FEES IN RESPONSE TO COVID-19 WHEREAS, the impact of the Coronavirus continues, the City of Edina can offer some assistance to homeowners and businesses by waiving late fees on utility bills; and WHEREAS, late fees are established by City Code Sec 28-51 (c). The penalty is 5% of the outstanding balance (for perspective, our money market account is now earning .06% annually); and WHEREAS, other metro cities are making the same move. As of March 30, Eden Prairie, Eagan, St. Louis Park and others stopped charging penalties. The duration of the waiver differs from the shortest of until May 1st to one year; and WHEREAS, • Prior to COVID, 42% of renters and 22% of Edina owners were cost burdened; • The highest proportion of cost burdened renters and owners are households aged 65 and older; • Edina’s unemployment (as reported at mn.gov) was 8.2% for May 2020 compared to 7.0% for April 2020 and 2.5% for May 2019. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Edina, Minnesota, that the City Council of the City of Edina approves extending the temporary waiver of utility billing late fees for three additional billing cycles (third cycle is due September 10). Passed and adopted: July 21, 2020 Attest: _____________________________________ _______________________________________ Sharon Allison, City Clerk James B. Hovland, Mayor STATE OF MINNESOTA) COUTY OF HENNEPIN )SS CITY OF EDINA ) CERTIFICATE OF CITY CLERK I, the undersigned duly appointed and acting City Clerk of the City of Edina do hereby certify that the attached and foregoing Resolution was duly adopted by the Edina City Council at its regular meeting of July 21, 2020, and as recorded in the Minutes of said Regular Meeting WINTNESS my hand and seal of said City this ______ day of _________________, 20___. ______________________________________________ City Clerk