Loading...
HomeMy WebLinkAbout21-045 Adopting an Uncollectable Debt Policy for the City of Port Townsend Public Library and Authorizing the Forgiveness of the Replacement Costs of Library Materials Resolution 21-045 RESOLUTION NO. 21-045 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND, WASHINGTON, ADOPTING AN UNCOLLECTABLE DEBT POLICY FOR THE CITY OF PORT TOWNSEND PUBLIC LIBRARY AND AUTHORIZING THE FORGIVENESS OF REPLACEMENT COSTS OF LIBRARY MATERIALS WHEREAS,the City of Port Townsend Public Library ("Library") is a conscientious steward of public assets and resources for the roughly 50,000 items available for public use in the library's collection; and, WHEREAS, the Library's current practice is to assess replacement fees equal to the cost of replacement for materials that are not returned or are damaged by borrowers; and, WHEREAS, despite attempts to collect the replacement fees, some of those debts remain uncollected after many years; and, WHEREAS, the statute of limitations to collect accounts receivable is six years making any replacement fees over six years old uncollectable; and, WHEREAS,the City's Director of Finance and Administrative Services and City Attorney have determined that the cost to the City of collecting outstanding replacement fees exceeds the amount of revenue that could reasonably be expected to be received, and recommends Council authorize writing them off as bad debt. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port Townsend as follows: Section 1. Staff is authorized to write off the replacement costs of materials that are not returned or that are damaged by borrowers that are older than six years. Section 2. Staff is authorized to write off replacement costs that are outstanding on the effective date of this Resolution. ADOPTED by the City Council of the City of Port Townsend at a special meeting thereof, held this 6t" day of July 2021. Michelle Sandov 1 Mayor Attest: Approved as to form: :. _. Joanna Sanders, MMC l _letdtircen aiod City Clerk City Attorney