(A) The town may require from each applicant for service a cash deposit equal to his or her estimated billing for a period of four months, but not less than $50, as a guarantee against the nonpayment of bills for service. Such deposit shall remain with the town without interest for the time service is to be supplied.
(B) Any customer who has failed to pay all charges for service rendered within the specified payment period may be required, upon five days’ written notice, to make a cash deposit in an amount equal to an estimated charge for four billing periods for the premises served. If such cash deposit is not made within the five-day period, disconnection may be made.
(C) The town may, but shall not be required to, apply the customer’s deposit to the payment of water bills or any other charge.
(D) The deposit, where chargeable, shall be applied against the final bill when service has been terminated. Any outstanding credit balance shall be refunded to the customer and any outstanding debit balance shall be billed to the customer.
(E) Any deposit made by the customer (less any lawful deductions) which has remained unclaimed for seven years after the town has made diligent efforts to locate the person who made such deposit, or the heirs of such person, shall be presumed to be abandoned and treated in accordance with the laws of the state.
(Prior Code, § 104.11) (Ord. 10-2015, passed 11-23-2015; Ord. 9-2020, passed 8-24-2020)