(A) Deposit required. Any person, firm or corporation, who or that may apply for electric energy or current, shall be required to make a cash deposit with the Treasurer of the village for the security of his, her or its account in the following amounts:
(1) Electric energy.
Establishments with a village liquor license of any kind | $500 |
Other industrial, commercial and business enterprises | $500 |
Owner-occupied private residences, whether established or newly constructed | $150 |
Non-owner-occupied private residences, whether established or newly constructed, where the owner co-signs the application, agreeing to be liable for all utility bills in the event of the tenant’s failure to pay | $150 |
Non-owner occupied private residences, whether established or newly constructed, where the owner does NOT co-sign the application, agreeing to be liable for all utility bills in the event of the tenant’s failure to pay | $400 |
(2) Natural gas service.
Non-owner-occupied private residences, whether established or newly constructed, where the owner co-signs the application, agreeing to be liable for all utility bills in the event of the tenant’s failure to pay | $50 |
Non-owner occupied private residences, whether established or newly constructed, where the owner does NOT co-sign the application, agreeing to be liable for all utility bills in the event of the tenant’s failure to pay | $100 |
All other customers, including commercial, business and industrial customers and owner-occupied residences | $50 |
(3) Extraterritorial water service (service outside the corporate limits of the village).
All customers | $50 |
(B) Refunds of deposits. Security deposits shall be held on the account until the account is closed out. A customer terminating service shall call the Village Utility Office to request a work order and provide their forwarding address. Upon termination of service, the deposit will first be applied to the final bill, provided no additional debts are owed, the remainder will be refunded and mailed to the forwarding address provided.
(C) Transfers of deposits. The village will upon request allow the transfer of a deposit in the event a customer relocates from one service address to another service address, with no change of the name on the account. A transfer of deposit is available only for those customers who are in good standing with the village, with no more than one late payment in the previous 18 months. This policy applies to both owner-occupied and non-owner occupied private residences.
(D) Separate accounts. All cash deposits shall be kept in accounts separate from all other village funds.
(Prior Code, § 50G.015) (Ord. 2002-06, passed - -; Ord. 2003-003, passed - -; Ord. 2003-032, passed - -; Ord. 2004-021, passed - -; Ord. 2005-005, passed - -; Ord. 2005-010, passed - -; Ord. 2006-001, passed - -; Ord. 2008-001, passed 1-21-2008; Ord. 16-001, passed 1-4-2016; Ord. 16-021, passed 9-6-2016)