(A) All new public utility accounts served by the city shall be required to post a deposit as set by policies established by the City Council. Nothing in this section shall prohibit a property owner from requiring that a lessee of his property post a deposit with the city which is greater than the amount calculated.
(B) For commercial or industrial establishments, deposit requirements will be estimated on an individual basis.
(C) Deposits for property owners shall be refunded after a period of nine months if they have maintained a history of payment on or before the statement due date. Deposits for lessees shall not be refunded unless the utility account is terminated in good standing. The city may apply any or all of a posted deposit to the balance due at the time a public utility account is terminated. If a homeowner has established good credit, no deposit will be required again when moving to another residence within the city.
('77 Code, § 17.025) (Ord. 128, eff, 2-28-52; Am. Ord. 9-17-84; Am. Ord. 3-1-93; Am. Ord. 7-6-99)