(a) Wholesale customers defined. Wholesale customers shall be those customers that purchase water or sewer service from the town for resale to other individual retail water or sewer customers. Such wholesale customers can include other local governments or public or private utilities operating inside or outside the corporate boundaries of the town.
(b) Contract required. All bulk water sales to wholesale customers, after the effective date of the ordinance from which this section is derived, will be by contract, which shall set out the terms and conditions of the sale.
(c) Deposit required. Wholesale customers shall be required to make a deposit to the town in an amount equal to the cumulative deposit that would be required if their individual retail customers each made a deposit as required under section 36-11. Such deposits shall be returned after 36 months as a wholesale customer, including 12 consecutive months with a good credit history with the town.
(d) Late penalties. A late penalty equal to two-thirds of one percent per month (eight percent annual) will be charged on invoices after the due date of the invoice. Unless otherwise contained in a contract for service, the due date shall be 30 days after the billing date.
(Code 1982, § 19-11; Ord. No. 89-79, § 1, 9-28-1989; Ord. No. 01-005, 4-12-2001)