(A) Residential. When any application is made for utility services in accordance with the provisions of this Chapter, all applicants for which the service is requested shall deposit with the application the amount of One Hundred Fifty Dollars ($150.00). (Ord. No. 07-08; 06-04-07)
When the amount of the deposit provided for above is not sufficient to adequately protect the Department, a greater amount than stated above may be required, based on the consumer's estimated bill for a customary billing period.
(B) Termination of Service. Whenever the utility customer terminates utility services, Fifteen Dollars ($15.00) of the deposit will be retained by the Village to cover bookkeeping and administrative costs.
(C) Security for Payment - No Interest. The deposits made under the provisions of this Chapter shall be held by the Village as security for the payment of utility services used by the applicant upon the premises to which his application pertains, and may be so applied when any default is made in the payment in the utilities bill in accordance with this Chapter. The depositor shall earn no interest. If the applicant is the owner of the property, his deposit may be returned after one (1) year if all previous bills have been paid on time.
(D) Liability for Deposit. The owner of the premises and the tenant thereof shall be jointly and severally liable to pay the required deposit herein established before water and sewer facilities shall be made available to the tenant-occupied premises. In case a portion of the deposit is used as aforesaid, the tenant and/or owner of the premises shall immediately deposit with the Village Clerk an amount sufficient to bring the deposit to the established rate of deposit.