Late Payment Fee Increase
Paying your monthly water bill late creates additional work for the LPC bookkeeper and the cost is shared by all Shareholders. Currently LPC charges a minimal late fee of 2 percent of the unpaid balance each month. In an effort to encourage timely payments, beginning April 1, 2022, a late fee of 10 percent of the overdue balance will be charged. LPC appreciates all of the Shareholders efforts to make timely payments which helps to minimize bookkeeping costs.