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<br />~ <br /> <br />1 <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />Memorandum, Ordinance Codification Comments - Chapter 10 Utilities <br />Page Five <br />June 21,1999 <br /> <br />E. (10-23/1000.21 Meters and Hydrants - Subd. 2, Security Deposit) <br />Council is asked to consider the elimination of the security deposit concept regarding water <br />meters. Per the ordinance, the deposit (i.e., initial water meter installation permit fees) shall <br />be refunded to the property owner only on request in the event municipal water service to the <br />property is discontinued and the service pipe is disconnected at the stop box and the meter is <br />removed. The rationale behind this approach is that the initial water permit fee is an access <br />charge to the municipal water system and not a claim on a non-depreciating asset. In this <br />case, the meter is clearly the property of the water utility. <br />