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Memorandum 10-154 Cash Discounts on Cash, Check or Debit Transactions
Memorandum ID:
10-154
Memorandum Status:
No Status
Related Ordinances/Resolutions
Details
MEMORANDUM 10-154
TO: HOMER CITY COUNCIL AND CITY MANAGER, WALT WREDE
FROM: PORT & HARBOR ADVISORY COMMISSION
SUBJECT: CASH DISCOUNTS ON CASH, CHECK, OR DEBIT TRANSACTIONS
DATE: DECEMBER 6, 2010
Background
During their November 17, 2010 regular meeting, the Port and Harbor Advisory Commission furthered their discussion on the 2011 preliminary budget and proposed 3% Terminal Tariff rate increase by addressing the topic of costs associated with processing credit card payments. The Commission discussed the possibility of either a cash discount on cash, check, or debit payments, or an added fee to all credit card payments.
Recommendations
Requesting Homer City Council consider an amendment to the proposed Port and Harbor Budget to offer a cash discount up to 2% on payment of fees by cash, check, or non-credit debit transactions.
Attached: P&H Commission November 17, 2010 Meeting Minutes
