(A) Upon the expiration of two years from the date a customer pays a sewer and/or water deposit to the town’s utility, the deposit shall be returned to the customer providing he or she has kept current and has paid any and all service and usage charges and assessments for water and sewer service provided by the utilities.
(B) In the event a customer moves from the town prior to the expiration of the two-year period and providing he or she has paid all sums due the sewer and water utilities, the full amount of the deposit shall be returned to him or her. If the customer is delinquent in his or her payments to the utilities on the date that he or she moves from the town and/or terminates, for any reason, the services provided by the water and sewer utilities, then so much of the deposits as may be necessary to satisfy the amounts owing the utilities shall be applied by the town toward payment of the same, and any amounts remaining thereafter shall be returned to the customer.
(C) (1) Deposits unclaimed after the two-year period by customers who have terminated for any reason, the services provided by the water and sewer utility, shall be deemed gifts to the respective public utility and shall be transferred to the cash operating account of the utility. Prior to transferring the deposit into the cash operating account, however, the Clerk of the Utility shall make every reasonable effort to locate the customer and to return any deposits, or any part thereof, remaining in the customer’s account with the utility.
(2) If the Clerk of the Utility is unable to locate the customer and/or to return the deposit, or any part thereof, remaining in the account to him or her within 60 days from the expiration date of the two-year period, then the same shall be transferred to the cash operating fund as provided herein.
(Prior Code, § 8:6:02) (Ord. 82-39, passed 2-2-1983)