(A)   No water will be supplied to any customer without receipt of a meter deposit as set by the City Council. This deposit is refundable upon termination of contract with the city and after inspection assures all equipment left in acceptable condition. Interest will be paid by the city on the deposit on an annual basis at the interest rate as determined according to the procedures outlined in M.S. § 325E.02, as it may be amended from time to time.
   (B)   The City Council shall adopt by resolution a schedule of water rates, fees and meter deposits. The resolution shall be published once in time official newspaper of the city. The city may make an annual revision of the schedule based upon annual reports together with a working budget to determine any needs for change in this schedule.
(Ord. 104, passed 7-8-2013; Ord. 114, passed 6-8-2015)