The waterworks system shall require from any customer or prospective customer, to ensure the payment of water bills, a cash deposit which shall be paid to the utility cashier, as follows.
(A) If billings are made on a monthly basis, the cash deposit required shall be equivalent to the estimated amount of water consumption to be used over a two-month period. In no case shall the deposit be less than $25. The cash deposit shall be held by the utility-cashier to be applied in whole, or in part, against any delinquent charges owed by the customer.
(B) Interest shall be paid on the cash deposit at the rate of 0% per annum.
(1) No interest shall be paid after discontinuance of service to the customer if the public utility has made a reasonable effort to return the deposit to the customer, his or her heirs, administrators or assigns.
(2) No interest shall be paid on the deposit if the deposit is retained for less than 12 months.
(C) The utility cashier shall issue a certificate of deposit to every customer from whom a deposit is received.
(Prior Code, § 52.20) (Ord. 2001-04, passed 12-4-2001)