AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING APPENDIX A, ENTITLED "FEE SCHEDULE," TO CHAPTER 2 OF THE MIAMI BEACH CITY CODE, ENTITLED "ADMINISTRATION," ARTICLE V, "FINANCE", "FEE FOR DISHONORED CHECKS OR ELECTRONIC FUNDS TRANSFER," BY AMENDING THE FEE FOR DISHONORED CHECKS AND ELECTRONIC FUNDS TRANSFERS; PROVIDING FOR REPEALER, SEVERABILITY, CODIFICATION, AND FOR AN EFFECTIVE DATE.

The City Administration recommends that the City Commission approve the subject ordinance.

BACKGROUND:

The City charges dishonored check fees based on Florida statute 832.062(4)(a). The City code is updated from time to time to mirror the State statute. See attachment.

The City Administration has reviewed Section 2-277 of the Miami Beach City Code “Fees for Dishonored Checks” specified in Appendix A “Fee Schedule” and has determined that the fee for dishonored checks and electronic funds transfers should be increased to the amounts set forth in section 832.062(4)(a), F.S. 

 Florida Statute 832.062(4)(a) per service charge of $25, if the face value does not exceed $50; $30, if the face value exceeds $50 but does not exceed $300; $40, if the face value exceeds $300; or an amount of up to 5 percent of the face amount of the check, whichever is greater, the total amount due being $ and cents.

Proposed Fee Schedule in Accordance with Florida Statute 832.062(4)(a)

UPDATE

The subject ordinance and amendment to Appendix A "Fee Schedule" was approved at first reading on July  17, 2019 with no changes.

The Administration recommends approving the subject Ordinance.