(a) At the time of application for water service, each person or business shall deposit with the Village one hundred fifty dollars ($150.00) as a deposit to secure the payment of any charges that may be incurred by such person or business under these regulations.
(Ord. 3-09. Passed 2-3-09.)
(b) All such deposits shall be deposited in a fund known as the Enterprise Deposit Fund. Thirty days after water service is discontinued, for any reason, the deposit shall be applied to any charges due under this chapter and the balance, if more than five dollars ($5.00), will be returned to the person making the deposit. In the event the deposit is not sufficient to pay all such charges due, then the remaining balance shall be due and payable as provided in this chapter.
(c) Any person who has paid the deposit and whose service has been terminated, for any reason, may settle the service account in person in the Water Billing Department at the Municipal Building. In the event the service account is not settled in person within thirty days after service has been terminated, then the Manager shall refund the deposit, less any unpaid charges due under this chapter, to the person who made the deposit. All such refunds shall be sent to such person by ordinary mail to the address listed on the application for service or to such other address as has been furnished in writing to the Manager by such person. In the event the envelope containing the refund is returned by the postal service for any reason, then such refund shall be retained by the Village for a period of one year from the date of termination of service, subject to the claim of the person who made the deposit in the Unclaimed Monies Fund. In the event the refund is not claimed within the one year period, then the refund shall become the property of the Village and shall be deposited in the General Fund.
(Ord. 1-05. Passed 1-4-05.)