(A) Customers making an application for water service shall be required to make a deposit with the utility customer service office for the purpose of guaranteeing payment. The rates shall be established by resolution of the City Commission.
The City shall apply any deposit collected from any Customer for the provision of water, sewer, or sanitation services toward any and all charges that remain unpaid by the same Customer for any of these services.
(B) Deposits shall be refunded only at the time the customer account is closed. When an account is closed, the deposit, if any, shall be applied toward any outstanding final charges. Any remaining portion of the deposit after such application shall be refunded to the Customer.
(C) Deposits will accrue simple interest at the average annual rate earned by the City on its pooled investments. The interest will be applied to the account for which the deposit is held, at the close of the fiscal year on those accounts having been held for at least one year.
(D) A utility deposit may be transferred from one account to another account of the same Customer, provided the account from which the deposit is being transferred is closed and all final charges have been paid or transferred to the new account.
(‘72 Code, § 36-10) (Ord. 205, passed - - ; Am. Ord. O-72- 206, passed 12-6-72; Am. Ord. 89- 49, passed 8-9-89; Am. Ord. O-90- 33, passed 9-5-90; Am. Ord. O-94- 44, passed 9-21-94; Am. Ord. O-95-21, passed 4-19-95; Am. Ord. O-2005-04, passed 5-4-05; Am. Ord. O-2014-15, passed 7-16-14; Am. Ord. O-2019-18, passed 9-18-19)