§ 78-50. Schedule of deposits; refund.

(a)

The following schedule of deposits for water, sewer, stormwater and solid waste collection shall be known as utility deposits and shall be required prior to service connection on all buildings used for residential, commercial or industrial purposes:

(1)

For each habitation (single-family residence) the utility deposit shall be $190.00. If the prospective user can demonstrate good credit, the deposit may be waived. In order to qualify for the waiver, the prospective user's credit score, as established by a nationally recognized reporting agency, must equal or exceed the benchmark score established by the finance department. The benchmark score will be reviewed by the finance department on a yearly basis to ensure that the established score represents a good credit risk.

(2)

Commercial establishments, including multiple habitations under a master meter, service stations, drugstores, cafeterias and restaurants, industrial users and any commercial users shall pay a deposit which will be estimated as the equivalent of three month's water, sewage, solid waste collection and stormwater charge, with a minimum deposit of $190.00, such estimate to be determined by the utilities and public works departments.

(b)

Residential deposits shall be returned to the user, if the user has a good payment history with no late payments or cutoffs for two continuous years.

(c)

During July of each year, the city shall credit the customer account for interest earnings earned on such deposits of three percent per annum on the deposit.

(Code 1988, § 22-40; Ord. No. 99-64, § 1, 1-13-00; Ord. No. 03-11, § 1, 5-22-03; Ord. No. 05-13, § 1, 2-12-05)