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Commercial Deposits
Commercial customers who provide a title company
and escrow number or who have an established previous
acceptable account history will not be charged a
deposit. All other commercial customers will pay a deposit of an amount equal to
an
average monthly bill for the most recent six
months, with a minimum deposit amount of $150.
Residential Deposits
Homeowners who provide the name of their title company and escrow number will not be
charged a deposit. If a prior delinquent account history has been
established, a $50 refundable deposit will be required.
Renters who provide an acceptable letter of credit from another utility company with
which they have had recent service will not be charged a deposit. Renters
without a letter of credit (or previous acceptable
City of Tempe account history) will be required to submit a $50 refundable
deposit. After 12 consecutive timely payments are made on the utility
account the deposit will be automatically applied back to the account on the
thirteenth bill, or the final bill, whichever comes first.
Hydrant (Construction) Meter Deposits
A $225 deposit is required to set up a hydrant (construction)
meter account. The deposit will be applied towards the final bill and any
applicable refunds will be mailed out within two weeks after termination of
service.
Refund of Deposits
Deposits are automatically applied back to the utility account after twelve
timely payments have been posted to the account or when the account is
closed. On closed accounts, refunds and any other final credits will be
mailed out two weeks after the account is closed.
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