(A) When municipal utility service is first provided to a building or property or when liability for paying utility bills is transferred from on person to another, the new utility customer shall deposit with the Clerk-Treasurer, as guaranty against payment of future utility bills and/or damages to utility property on the customer’s premises, the following amounts depending on whether the new customer liable for billings in the owner or a renter of the respective premises:
Customer Status | Electric Deposit | Water Deposit |
Property owner | In the amount as shall be set by the Town Council from time to time | In the amount as shall be set by the Town Council from time to time |
Renter | In the amount as shall beset by the Town Council from time to time | In the amount as shall be set by the Town Council from time to time |
(B) The above deposits apply both to residential and commercial service. Deposits as provided in this section are in addition to any tap charges or other physical installation charges that may apply for properties not previously connected or which have been physically disconnected from the utility distribution system upon initiation or reinstitution of service. Any deposits assessed by the appropriate officers of the municipally-owned utilities and in accordance with this section are hereby fully ratified and legalized pursuant to I.C. 36-1-4-16. Utility deposits shall be held in trust by the town, and shall not be considered revenues of the respective utility unless subsequently transferred to utility in liquidation of unpaid bills or damages, as hereinafter provided.
(Prior Code, § 3-6-1) (Ord. 85-18C, passed - -1985; Ord. U-02-2010, passed 11-15-2010)