(A) The Town requires from each applicant for service a fee as set out in the Fee Schedule in Ch. 35 of this code of ordinances for renters (copy of lease required) per meter and a fee as set out in the Fee Schedule for homeowners per meter, as a guarantee against the non-payment of bills for service. Such deposit shall remain with the Town, without interest, for the time service is to be supplied. When a customer has established service for one year with no late fees, the deposit can be refunded upon request.
(B) The Town may, but shall not be required, to apply the customer’s deposit to payment of water bills or any other charge.
(C) The deposit, where chargeable, shall be applied against the final bill when service has been terminated. Any outstanding credit balance shall be refunded to the customer, and any outstanding debit balance shall be billed to the customer.
(D) Any deposit made by the customer (less any lawful deductions) which has remained unclaimed for seven years after the Town has made diligent efforts to locate the person who made such deposit or the heirs of such person, shall be presumed to be abandoned and treated in accordance with the laws of the state.
(2005 Code, § 104.106)