Sec. 39-29.1. Deposit.
The provisions of this section apply to water accounts that were established prior to July 1, 2012. As used in this section the term water account or water service includes the city's fees for water service, sewer service and storm water maintenance fees that are added to the city’s combined water bill. A deposit shall be required of any individual, commercial or industrial establishment desiring the use of water on premises owned or leased by them within the city limits, where all connections and applications have been made in accordance with the provisions of this chapter, if such applicant is known to have a poor payment history. Poor payment history is defined as non-payment of city fees and taxes in a timely manner or excessive late fees on water and sewer accounts.
However, existing accounts will be required to pay the deposit only if the customer thereafter allows service to be severed for nonpayment and subsequently has service reinstated. The amount of the deposit is the greater of the customer's average quarterly water and sewer bill or seventy-five dollars ($75.00) for a residential meter, or for a commercial meter, which deposit is based on meter size—five-eighth (5/8) inch meter, seventy-five dollars ($75.00); one (1) inch meter, one hundred forty-five dollars ($145.00); one and one-fourth (1 1/4) inch meter, two hundred dollars ($200.00); one and one-half (1 1/2) inch meter, two hundred fifty-five dollars ($255.00); two (2) inch meter, three hundred ten dollars ($310.00); three (3) and four (4) inch meter, five hundred seventy-five dollars ($575.00); over four (4) inch meter, one thousand dollars ($1,000.00)—to guarantee the payment of such account. The deposit shall be refunded, together with interest based upon the published rate in the daily Wall Street Journal for certificates of deposit having a maturity of one year, as of the date on which the city accrues interest for utility deposits, to each consumer who has maintained a satisfactory payment record for at least twelve (12) months. The deposit plus interest of any consumer not refunded will be credited against any final bill rendered to such consumer at the time service is discontinued. If at any time a satisfactory payment record is not maintained by any consumer from whom a deposit was not required, the director of finance may require that such deposit be made or, if at any time a consumer whose deposit has been refunded does not maintain a satisfactory payment record, the director of finance may again require such deposit. (Ord. No. O-95-027, 2-14-95, eff. 7-1-95; Ord. No. O-12-083, 6-26-12, eff. 7-1-12)
Last updated date: 7/13/2012 11:46:05 AM