(a) The Board shall require the applicant or customer to make a deposit initially as a guarantee of the payment for sewer services. Such deposit shall be one-sixth of the annual estimated charges for service to secure the Board from loss. The Board shall not be bound to supply sewer service until these conditions are fulfilled, and it may terminate the service if the guarantee is not given when required. After the customer has paid bills for service for twelve consecutive months, the Board shall promptly and automatically refund the deposit plus accrued interest. Calculation of the twelve month period shall commence from the first regular payment or following the payment of past-due bill or bills. Simple interest of eight percent (8%) per annum will be paid at date of discontinuance of service or at the end of the above return period provided the deposits remain with the City for a period of six months or longer. The Board shall have a reasonable time to read and remove meters as necessary and to ascertain that the obligations of the customer have been fully performed before being required to return any deposit in any case where there has been an automatic refund.
(b) Concurrently with receiving a cash deposit, the Board shall deliver to the applicant or customer for service, a receipt showing:
(1) The date thereof;
(2) The name of the applicant or customer and the address of the premises to be served or being served;
(3) The service to be furnished or being furnished; and
(4) The amount of the deposit and the rate of interest to be paid thereon.
The Board shall provide reasonable means to refund the deposit of a customer, when he is so entitled, if the original receipt cannot be produced A receipt or proof of payment will not be necessary under the provisions for an automatic refund.
(c) The Board shall keep a record showing:
(1) The name and current address of each depositor;
(2) The amount and day of the deposit;
(3) Each transaction concerning the deposit.
(Ord. 578. Passed 10-5-82.)