Stockton Municipal Code Ch. 5.06 Debt Forgiveness

The City of Stockton shall protect its financial interests related to loans, fines, assessments, debts, etc. However, at times it is in the interest of the public and the advancement of other strategic priorities to forgive debts owed to the City. In addition, for purposes of efficiency and accurate financial accounting, it is appropriate to write-off debts owed to the City.

The City Council authorizes the City Manager to write off debts owed to the City related to uncollectible accounts.

The City Council authorizes the City Manager to forgive liens owed to the City for blighted properties to promote investment in blighted properties and authorizes the City Manager to implement the Lien Forgiveness Program and Residential Neighborhood Reinvestment Program.

Chief Financial Officer: Implementation of financial policies related to the subject matter of City Council Policy Title 5 Financial Management.

Stockton Municipal Code Title 2 Chapter 2.20.

Administrative Directive – Financial Management Chapter 17.01.

Citywide Policy – Uncollectible Accounts Section 17.01.090.

Administrative Directive – Blighted Property Chapter 20.04.

Citywide Policy – Lien Forgiveness Section 20.04.010.

City Wide Policy – Residential Neighborhood Reinvestment Program Section 20.04.020.

10/03/17 - Adopted by Resolution No. 2017-10-03-1104