| If past due… |
Then… |
| 10 days |
Prior to or in conjunction with the next billing (Month 2), a letter is sent to the vessel owner stating that the account is more than 10 days past due and…
- an interest rate of 1.5%/month has been applied to the account balance as of the original due date and will continue to be applied until the balance is current, and
- if payment of the balance due has not been received when the account becomes more than 1 calendar month Past Due…
- The Marina slip lease rate will be changed from monthly to the Marina’s daily rate (Currently $1.25 per foot [vessel length] per day) plus electricity and will remain at that rate as long as the account remains delinquent. Upon the account being brought current, the rate will revert to the then current monthly rate (prorated on a daily basis for the remainder of the first partial month).
- Lock access privileges (entrance and egress) will be suspended, and the owner may be compelled to remove their vessel.
- Automated gate access privileges will be suspended until the past due amount with finance charges is paid in full.
- The account will be referred to a third-party collection agency and the past due status reported to credit reporting agencies.
- A Maritime lien may be placed on the vessel.
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| 1 calendar month |
Prior to or in conjunction with the next billing (Month 2), a letter is sent to the vessel owner stating that the account is more than 1 calendar month Past Due and…
- The Marina slip lease rate has been changed from monthly to the Marina’s daily rate (Currently $1.25 per foot [vessel length] per day) plus electricity and will remain at that rate as long as the account remains delinquent. Upon the account being brought current, the rate will revert to the then current monthly rate (prorated on a daily basis for the remainder of the first partial month).
- Lock access privileges (entrance and egress) have been suspended.
- If payment of the balance due has not been received when the account becomes 2 calendar months past due and remains unpaid…
- Automated gate access privileges will be suspended until the past due amount with finance charges is paid in full.
- The Owner will be required to pay the account balance in full and remove the vessel from the Marina.
- If the balance remains unpaid and the vessel is not removed.
- The account will be referred to a third-party collection agency and the past due status reported to credit reporting agencies.
- A Maritime Lien may be placed on the vessel.
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| 2 calendar months |
After an account has become more than 2 calendar months past due, upon approval of the Harbor Committee Chair, a letter is sent to the vessel owner within 10 days stating that the account is more than 2 calendar months past due and…
- The Marina slip lease rate will remain at the Daily Rate as long as the account remains delinquent.
- The vessel owner is required to immediately settle the account in full and remove the vessel from the Marina. Failure to do so will result in the Association pursuing a non-judicial sale of the vessel in accordance with the terms of the Slip Rental Agreement.
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