Minutes 09/22/1987 - Laserfiche WebLink

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-., - ... .- , . .. ,'6 TUESDAY, SEPTEMBER 22, 1987 In lieu of a deposit, the customer may present a Letter of Credit from his previous utility services provider stating that he has had an acceptable record of payment for the previous twelve months. In lieu of a deposit, the customer may obtain a guarantor. To qualify as a guarantor, an individual must be a bonafide customer of the City, in good standing, reside in the City and appear in person to execute a "Guaranty of Payment Agreement". The guarantor must understand that failure to pay any charges unrecovered from the customer will result in the termination of services to the guarantor. b. Professional/Commercial/Industrial Service As security for the payment of electric bills a deposit equal to the two highest monthly bills within the previous twelve month period will be required from a customer unless that customer can demonstrate to the Electric Department that the proposed use of the facility is substantially different from that of the previous tenant or in the case of a new facility the Electric Department will establish an acceptable deposit based upon a survey of the facility and an assessment of its intended use. Such deposit is payable in full prior to connection. Additionally, the City reserves the right to require additional deposits if a customer's payment record and/or consumption experiences reflect that a higher deposit is necessary to protect the interest of the City. No letter of credit or "Guaranty of Payment Agreement" will be accepted in lieu of a deposit for professional/commercial/industrial accounts. However, a security bond or an irrevocable letter of credit from a bank will be accepted in lieu of such deposit. * * * * * * * Upon motion, duly seconded and unanimously carried, Council approved (for execution by City Manager Brown on behalf of the City) a lease agreement with the Appalachian District Council of Assemblies of God Church by which a nine-foot strip of land (owned by the City) situated between the back of the sidewalk along Bob Gregory Street and the property line of the First Assembly of God Church at the corner of Bob Gregory and Chatham Road will be made available to the lessee until and unless, upon sixty days notice, the City needs the property for street purposes.