The city shall follow the following procedure for reimbursement of waster deposit monies:
(A) Interest will not be paid on refunds of water deposit monies;
(B) Deposits shall be applied to the customer’s account after the account is closed for non-payment, or due to the customer moving from the city, as a credit against any outstanding water bill, unless otherwise arranged for in advance. The remainder of the deposit, if any, will be refunded to the customer as set out herein;
(C) Deposits will be refunded to any customer after settling his or her account, in full, with the City Water Department; and
(D) When a refund is due a customer and the city cannot, after diligent effort, locate the customer, the city shall make the refund available to the customer for a period of one year, and deposit those funds not claimed after one year into the City Water Department’s General Fund.
(Prior Code, § 10.20.11) (Ord. 2010-10, passed 8-9-2010)