§ 15.48.030. Deposits—Service initiation fees.

A.

Any nonresidential consumer or customer who secures water and/or sewerage services from the department shall pay a deposit, post a bond, secure a certificate of deposit, present a letter of credit or other legal instrument to insure payment of the account based upon charges for two months' estimated usage. However, the director of the department may require any amount of deposit, bond or letter of credit higher than a two-month estimate where it is deemed necessary from past experience to insure the metropolitan government against loss of revenues.

B.

Residential customers currently with deposits who have paid ten of the last twelve consecutive monthly billings from the department prior to the gross bill date, in accordance with Section 15.32.190, shall have their deposit credited to their account. The credit will be applied to customer's accounts at a time determined by the director of the department of water and sewerage services. Upon termination of an account where the deposit has not been credited to the account, the deposit shall be applied toward the payment of any outstanding indebtedness to the department and any remaining part of such deposit shall be refunded.

C.

Residential customers establishing accounts and transfers of residential accounts after the adoption of the ordinance codified in this section shall be required to pay a nonrefundable service fee of twenty-five dollars. The director, or his representative, may still require a deposit be placed with the department if the payment history of any customer justifies that a deposit is needed to prevent potential revenue losses at any time.

(Ord. 93-822 § 1, 1993)