(A) Residential.
(1) When any application is made for utility services in accordance with the provisions of this chapter, all applicants of rented or leased property for which the service is requested shall deposit with the application the following amounts:
Residential – inside city limits: $40
(2) Where the amount of the deposit provided in division (A)(1) above is not sufficient to adequately protect the Water Department, a greater amount than stated above may be required, based on the consumer’s estimated bill for a customary billing period.
(B) Security for payment - no interest. The deposits made under the provisions of this subchapter shall be held by the village as security for the payment of water services used by the applicant upon the premises to which his or her application pertains, and may be so applied when any default is made in the payment in the water bill in accordance with this chapter. The depositor shall earn no interest.
(Prior Code, § 38.2.5)