[Ord. No. 677 §25-10, 3-18-1980; Ord. No. 973 §§1 — 2, 2-14-2006]
A.
Deposits for utility services shall be paid and maintained by all residential and commercial customers as established herein. As used in this Section, the term "utility deposit" shall be understood to include both the deposit, if any, required for the receipt of electrical service and the deposit, if any, required for the receipt of water service.
B.
Each applicant for utility services and each utility service customer shall maintain a utility service deposit with the City in the amount equal to twice the average monthly consumption amount as determined by this Section. Said deposit shall be tendered simultaneously with the application for utility service and shall be adjusted thereafter as determined by the Board of Aldermen.
[Ord. No. 1154 §6, 2-18-2015]
C.
The average monthly consumption amount shall be determined by the following criteria:
[Ord. No. 1154 §6, 2-18-2015]
1.
The average monthly utility usage of the current customer as reflected by the records of Rock Port Municipal Utilities, multiplied by the current utility rate applicable for that customer; or
2.
The average monthly utility usage of the immediately previous customer at the service location as reflected by the records of Rock Port Municipal Utilities, multiplied by the utility rate applicable for the customer for whom the deposit amount is being calculated; or
3.
The average monthly utility usage of the immediately previous customer at the service location as reflected by the records of Rock Port Municipal Utilities, adjusted to the actual usage anticipated by the new customer or new usage by the current customer multiplied by the utility rate applicable for the customer for whom the deposit amount is being calculated.
D.
Rock Port Municipal Utilities is authorized to calculate deposit amounts at any time in order to adjust the amount of a utility service customer's deposit to reflect actual or anticipated usage by the customer.
[Ord. No. 1154 §6, 2-18-2015]
E.
In the event a new calculation of the applicable deposit amount results in an increase in the amount of the required utility deposit, the customer shall be notified of the increase and satisfy the same within thirty (30) days of notification. Failure to satisfy the increased deposit requirement shall be grounds for termination of utility services, and the customer shall be so advised at the time of the notice of the increased deposit requirement.
F.
In the event a new calculation of the applicable deposit amount results in a decrease in the amount of the required utility deposit, the excess shall be refunded in accordance with the procedures in this Chapter applicable to utility deposit refunds.