(A) Property owners who reside in or do not lease/rental/contract/ their residential properties are not required to post a deposit with the town.
(B) Rental customers must post a deposit with the town. This deposit is equal to two times the average bill for a residence, or two times the average in the system if history is not available. In the event the rental customer fails to post the required deposit, water service will not be initiated or will be discontinued.
(C) For rental customer accounts that do not have a billing record sufficient to calculate a deposit as provided in division (A), a deposit shall be determined by using an average 12 month billing for similar residential or commercial accounts.
(D) (1) Deposits shall be refunded if: upon discontinuance of service when the rental customer has paid in full all outstanding amounts for utility services if the customer’s account has been established less than 12 consecutive months.
(2) Upon discontinuance of utility service, the account deposit shall first be applied to any outstanding utility billing amounts, and any remaining deposit will be refunded to the rental customer.
(Ord. O2011-03, passed 2-7-11; Ord. O2013-02, passed 5-20-13; Am. Ord. O2016-04, passed 5-2-16)