§ 55.01  SECURITY DEPOSIT.
   (A)   (1)   A security deposit fee of $125 shall be required of all new customers.
      (2)   From and after the effective date of this chapter, the security deposit charge for family residential units which are occupied by the homeowner, wherein the occupant is on a fixed income due to being blind, disabled, or 62 years of age or older, provided that the total family income does not exceed 40% of HUD median income for Boyd County, Kentucky for that fiscal year, and provided that such financial incapacity is proven and established to the satisfaction of the City Manager, or his or her designee, by sworn affidavit or other properly authenticated records shall be $62.50.
   (B)   The deposit will be refunded after 12 months service if the customer has not been delinquent on any payments due to the fault of the customer.
   (C)   Only one deposit is required for water, sewer and sanitation.
(Ord. 32-2018, passed 2-8-18)