§ 50.003  DEPOSIT.
   (A)   Service deposit for residential service.
      (1)   Customers including individuals who were previously listed on a utility account such as former spouses or roommates who are re-applying for residential service with the village who have had at least 12 continuous months of service, during which no more than two late penalties were assessed and do not owe any balance from previous service with the village are not required to pay a service deposit. First-time applicants and applicants who have failed to pay for previous service in a timely manner will be required to pay a service deposit before service will be initiated.
      (2)   Existing customers with a good credit history reapplying for service at a new location who have a deposit on file will have their deposit transferred to their new service account for the remainder of the 18 months holding period. Existing customers who do not have a good credit history and have a past due balance on their existing utility account will be required to pay their past due balance before the new service is established. The customer's deposit will be transferred to their new service account and will be held for a period of 18 months from the date the new service is connected.
      (3)   The amount of the residential service deposit is currently:
         (a)   $150 for property owners ($100 electric and $50 water); and
         (b)   $300 for rental property ($200 for electric and $100 for water). This service deposit is adjusted periodically.
      (4)   Payment of the residential deposit must be made when the customer signs up for service. Following 18 continuous months of service from the village, the deposit will be returned in the form of a credit to the account. If the customer terminates service before the deposit is credited, the deposit will be applied to the account's final bill or transferred to the customer's new service address within the village.
   (B)   Service deposit for nonresidential service.
      (1)   Previous nonresidential customers who are re-applying for service under the same entity name will not be required to pay a service deposit if their previous service lasted at least 12 months and either had no more than two late penalties or, if they had more than two late penalties, the penalties and past due balances were paid before the next bill was generated. First-time nonresidential applicants and nonresidential applicants who have failed to pay for previous service in a timely manner will be required to pay the service deposit before service will be initiated. First- time nonresidential applicants who have residential service on their owned, primary residence may avoid paying the deposit for nonresidential service if:
         (a)   The nonresidential service is requested in the same name as the residential service;
         (b)   The applicant applies for the nonresidential service in person;
         (c)   The applicant provides proof of ownership of his or her primary residence;
         (d)   The applicant has no more than two late penalties on the residential account; and
         (e)   The applicant agrees to the transfer of unpaid final bills to any existing residential or nonresidential account.
      (2)   The amount of the nonresidential service deposit is currently $300 ($200 electric and $100 water). This amount may be adjusted periodically. However, a deposit may subsequently be required on the nonresidential account if the customer fails to maintain payments on either the residential or nonresidential account in a timely manner.
      (3)   After 18 months of service, the deposit maintained on account with the village by a nonresidential customer will be credited to their account. If the customer terminates service before the deposit is refunded, the deposit will be applied to the account's final bill or transferred to the customer's new service address within the village.
(Ord. 80-33, passed 12-16-80; Am. Ord. 16-15, passed 4-26-16)