(1) All new applications for water service shall be accompanied by a deposit in the amount specified in the Ivins City consolidated fee schedule as security for the payment for services. The city may waive this requirement if a customer has at least a one year history of on time payments and a deposit has previously been credited to their account. The city may, but is not required to, apply the deposit to bills due for prior service. The city shall have the right to discontinue service as provided even though the deposit has not been applied to the payment of past due bills for service. Upon final settlement of the applicant's account, any unused balance of the deposit shall be refunded to the applicant.
(2) The deposit shall not be considered an advance payment for any service. Charges and unpaid accounts shall be considered delinquent notwithstanding the existence of the deposit, and the applicant or user of the water service shall not have the right to compel the city to apply the deposit to any account to avoid delinquency.
(3) The deposit shall be credited to applicant's account after one year of timely payments or refunded upon applicant's request and proof of transfer of ownership of the property resulting in applicant's termination of water service. (Ord. 2012-09, 2012)