Notwithstanding provisions in this chapter to the contrary, whenever the cost of any work to be performed by the city is to be paid for by a property owner, the finance director may require the property owner to deposit with the city the amount of the estimated cost of such work prior to its performance. If the actual cost of such work exceeds the deposit, the difference shall be collected as hereinabove provided. If the deposit exceeds the actual cost of such work, the difference shall be refunded to the property owner. No interest shall be payable on any such refund.
(Prior code § 23.55 (Ord. 852 §27, Ord. 2113 §1))