[HISTORY: Adopted by the Common Council of the City of Franklin 8-5-1997 by Ord. No. 97-1461 as Sec. 3.09 of the 1997 Code. Amendments noted where applicable.]
All goods and services sold or provided by the city shall be subject to finance charges as follows:
A. 
If payment is received within 30 days of the date of billing, there shall be no finance charges.
B. 
If payments are made more than 30 days after the date of billing, a finance charge of 1% per month on the unpaid balance shall be imposed from the date of the billing.
[Added 1-9-2018 by Ord. No. 2018-2311]
Payments for all balances due the City, except Water Utility payments, returned unpaid by the remitter's financial institution shall have a fee of $25 added to the balance due.