Chapter 5.03
SET-OFFS PRIOR TO DISBURSEMENTS

Sections:

5.03.010    Set-offs prior to disbursements.

5.03.010 Set-offs prior to disbursements.

A. Disbursements of money to a person, firm or corporation shall be made only after all the various receivable accounts of the borough have been reviewed for outstanding balances owed. The disbursement will be reduced by setting off the amount of any delinquent indebtedness due the borough from such person, firm, or corporation.

B. All contracts to which the borough is a party which will or may involve the disbursement of borough funds shall contain the following clause, or its substantial equivalent: “Disbursement of money by the City and Borough of Wrangell hereunder shall be subject to set-off pursuant to the provisions of the Code of the City and Borough of Wrangell Municipal Code.” Such contracts include, but are not limited to, oral contracts, employment contracts, construction contracts, purchasing contracts, contracts, and revenue from impounded vessels or vehicle sales, sale of foreclosed properties, sale of police forfeiture items, and lease agreements. [Ord. 1008 § 2, 2021.]