Each customer is eligible to receive interest at a rate one (1) point less than currently being paid by local banks for short-term (90 day) investments on his deposit upon refund for the amount of time it was held. Any customer having made a deposit with the city, meeting the criteria a set forth in § 30.002, shall be eligible for a refund of his deposit in addition to interest at a rate one (1) point less than currently being paid by local banks for short-term (90 day) investments for eighteen (18) months, even if the deposit has been held in excess of the required time.
(1986 Code, § 20-3) (Am. Ord. 92-2, passed 1-14-92)