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HomeMy WebLinkAbout1987-1722 - Ordinance - 08/27/1987ORDINANCE NO. 1722 AN ORDINANCE AMENDING CHAPTER 11, SECTION 1 D., OF THE CODE OF ORDINANCES OF THE CITY OF COLLEGE STATION, TEXAS, RELATING TO UTILITY DEPOSITS ON COMMERCIAL AND INDUSTRIAL ACCOUNTS AND THE RETURN OF SUCH DEPOSITS AFTER TWO YEARS. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION: That Chapter 11 Section 1D. COMMERCIAL AND INDUSTRIAL CONSUMERS, is hereby amended to read as follows: D. CO~MRRCIAL AND INDUSTRIAL CONSUMERS (1) DePosits reauired Any commercial establishment or industrial user, as a condition for obtaining connections and service for electricity or water, or for continuing such connections and service if they have already been made, shall make a deposit with the City of College Station in an amount sufficient to cover the estimated consumption of electric current and water for an average eight week period. The estimate of such consumption shall be made by the Supervisor of the Utility Billing Department or his deputy. Such deposit may be made in the form of cash, the pledging and assignment of a certificate of deposit, a valid non-documentary bank letter of credit, or placement of a surety bond with an insurance company licensed to do business in Texas, with the best bond rating as acceptable by the City Finance department. (2) Commercial and industrial consumers who have a record of twenty-four (24) consecutive payments made on or before the due date for such payments, may request t~)at any cash deposit be returned to them by the City of College Station. If the deposit required herein has been made by the pledging or assigning of a certificate of deposit or the furnishing of a letter of credit, the continued maintenance of such deposit or security shall not be required after a consumer has established a record of twenty-four (24) consecutive payments on or before the due date. However, in any event, the failure to pay any utility payment by the due date shall entitle the City to require a new deposit. 005108 (3) Connections Ma? Not Be Furnished~ Disconnection In no event shall utility connections be furnished to any commercial or industrial consumer who has neither made a cash deposit, a pledged or assigned certificate of deposit, a bank letter of credit, or an acceptable surety bond hereunder. The expiration of a letter of credit, or the lapse or the failure to renew said surety bond, or renewal of a certificate of deposit without assignment, shall entitle the City to disconnect service upon fifteen days notice to the consumer, with such notice being mailed to the current mailing address. If current mailing address is not available then service address shall be sufficient. PASSED AND APPROVED THIS THE 1987. 27th DAY OF Au~ ___, APPROVED= ATTEST: 005109