(A) Whenever an applicant, or customer, is required to make a deposit pursuant to these rules either for guaranteeing payment of charges for service, or for reestablishment of service, the amount of the deposit shall be a sum equal to the average bill for service as estimated for two billing periods, but shall not be less than those fees outlined in the schedule in Appendix G.
(B) The actual amount of deposit to be made by customers for various types of service shall be determined, at least annually, by the Town Manager based upon his or her determination of an average bill for service of two billing periods for the type, and anticipated, volume of service requested. The deposit requirement determinations of the Town Manager shall be spread upon the minutes of the Town Council during the month of June of each year, and shall be in effect until altered by the Town Manager in accordance with the procedures set forth in this article.
(1) Outside customers rates will be double the inside rates for customers utilizing rate number I or number II. Outside customers utilizing rate number III or number IV will pay the same as inside customers.
(2) If a customer uses only electricity, his or her deposit rate shall be either rate number III or number II, based upon his or her residence being all electric or not all-electric.
(3) Commercial customer rates shall be an amount equal to the customer’s estimated consumption for one full billing cycle. The town shall consider any seasonal characteristics of the customer’s utility consumption in determining the amount of the deposit.
(C) Deposits from any customers of the town shall accrue no interest while held by the town.
(Code 1976, § 6.104) (Ord. 12-79, passed 11-5-1979; Ord. 5-2000, passed 2-21-2000)