A RESOLUTION APPLYING A NON-SUFFICIENT FUND FEE

TO ANY TOWN OF HOLLY ACCOUNT OR INVOICE

FOR WHICH THE PAYMENT PROCESS WAS NOT COMPLETED

DUE TO A RETURNED CHECK, ACH, OR CREDIT CARD

WHEREAS, non-sufficient funds are those paid on an account at the Town of Holly where a check, ACH, or credit card has been returned due to the lack of funds in the customer’s financial account; and

WHEREAS, the Town of Holly Clerk is compelled to charge a non-sufficient fund fee on any check, ACH, or credit card return to be associated with bank charges to the Town of Holly and the time staff are engaged in corrective transactions to the Town’s financials; and

WHEREAS, Resolution 2025-6 will temporarily override Resolution 2023-3 A RESOLUTION RELATING TO THE DISCONNECTION OF UTILITIES FOR ANY DELINQUENT ELECTRICAL, WATER, OR SEWER ACCOUNTS OF THE TOWN OF HOLLY, COLORADO. The override time period will be for six months.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF HOLLY THAT:

All non-sufficient funds issued either by check, ACH, or credit card returned on any Town of Holly invoice or account shall be assessed with an additional NSF fee of $40.00. The customer will be contacted and notified that they will be on disconnect notice and must meet the following instructions to be removed from disconnect. The customer will have twenty-four hours from time of notice to contact the Town of Holly to work the situation out and forty-eight hours to make necessary financial arrangements.

The standard financial correction will be to have the account paid in full within forty-eight hours after being notified. This will include any late fees associated to the account due to the time frame. The twenty-four hour is defined as between Monday through Friday from 8:00 A.M. to 3:30 P.M. If the conditions are not met, the customer will be disconnected with a fee of $50 associated and then a reconnect fee of $50.00. All financial transactions due to a non-sufficient fund issue will be required to make their payment with cash or money order (a financial institution’s same as cash document) for a minimum of six months. The customer will be required to pay their current bill in full each month for the duration of the six-month period.

PASSED AND APPROVED THIS 4TH DAY OF JUNE, 2025.

/s/ Vance Brian, Jr., Mayor

ATTEST:

/s/ Cynthia S. Humrich, Clerk/Treasurer