Deposits collected under the provisions of section 6-4-070 or 6-4-220 of this chapter shall be held by the city until the payee requests discontinuance of water service or until the payee has attained a "satisfactory payment record", as defined in this chapter. Deposit refunds shall be in the form of a credit to the account of the payee. A cash refund equal to the amount of the deposit less any outstanding account balance shall be paid upon discontinuance only. (Ord. 748, 10-12-2000)