1. If paid 30 days late or more, the City of Lakewood shall charge the franchisee interest on all delinquent fees and penalties at the rate of one percent per month upon all amounts while said amounts remain late.

2. The fees imposed under any franchise, and the interest charged thereon, shall constitute a debt to the City and may be collected by court proceedings in the same manner as any other debt which remedy shall be in addition to all other available remedies. Any judgment entered in favor of the City may include an award to the City of all court and collection costs including attorneys’ fees to the extent permitted by law. Amounts delinquent more than 60 days may be assigned to a third party for collection, in which case the amount of any collection charges shall be in addition to all other amounts owed. Amounts due shall not be considered paid until the City of Lakewood has received payment for the full amount due or has discharged the amount due and not paid. [Ord. 275 § 1, 2002.]