HomeMy WebLinkAboutPOWERPOINT PRESENTATION - WATER DEPOSIT POLICY/RESO 15-10 (ITEM #6)Item No. 6
RESOLUTION N0.15 -10
City of Tustin
Water Department
Deposit Policy
City Council
March 3, 2015
Summary
• Resolution No 15 -10 — The City of Tustin Water
Department Deposit Policy
Background &Discussion
• 1981— Deposit requirements adopted
• 2007 — Deposit requirements increased
• No written Deposit Policy
• Proposed Policy will...
• Protect City assets
• Ensure all customers are treated in the same manner
• Reduce Deposit for Active Duty Military
• Will not affect current customers with good history
Background & Discussion cont.
Average Residential Water Bill
Current Average. Deposit (2x Avg. Bill)
Average Deposit Per
Proposed Deposit Policy
$113.55
Average Required Deposit
$227.10
►f elft- ,
$113.55
Minimal Substantial
I'M IN
1.5
$170.33
2.5
$283.88
Recommendation
It is recommended that the City Council adopt
Resolution 15 -10.