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03/10/2026 Ordinances 10,063 ORDINANCE NO. 10,063 An ordinance to repeal and replace Grand Island City Code; Section 15-50 pertaining to electric deposit requirements; to repeal Section 15-50 as now existing, and any ordinance or parts of ordinances in conflict herewith; and to provide for publication and the effective date of this ordinance being April 1st, 2026. BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA: SECTION 1. Section 15-50 of the Grand Island City Code is hereby amended to read as follows: § 15-50 Deposit Requirements A. All electric service accounts established under the commercial, power service, and Contract rate structures shall be required to maintain a surety bond, irrevocable letter of credit, or a cash deposit in an amount to be determined by the Utilities Department as set forth in this section B. Deposits for any account created on or after September 1, 1983,and deposits for all accounts for which service has been reinstated after being disconnected for nonpayment shall be maintained in an amount of not less than Two Hundred Dollars ($200), nor more than TwoThousand Dollars ($2,000), as determined by the Utilities Department. The amount of the deposit required shall be equal to two times the highest billed period of the last 12 billing periods, not to exceed Two Thousand Dollars ($2,000). For new construction or properties that have been unoccupied for the last 12 billing periods, a similar property from an identically zoned business shall be used in establishing the required deposit amount. Deposits for any commercial, power service, or Contract account, with a demand of 1,000 kW per month or greater, created on or after March lst, 2026, and deposits for all accounts, with a demand of 1,000 kW perm month or greater, for which service has been reinstated after being disconnected for nonpayment shall be maintained in an amount equal to two times the highest billed period of the last 12 billing periods. For new construction, or properties that have been unoccupied for the last 12 billing periods, a similar property from an identically zoned business shall be used in establishing the required deposit amount. C. The deposit required herein shall be refunded to the customer as follows: (1) When the electric service has been disconnected, whether at the request of the customer or for nonpayment of the customer's electric bill, a Contract rate is not renewed, or a new account has been created for said service with a different customer, and a final reading has been taken,any deposit on hand and minus the amount of any unpaid billing statement and other charges, shall be refunded to the customer; or (2) After at least one year of continuous service to the customer, if the monthly payments for the account have been made promptly, with no more than one delinquent payment during the twelve(12)month period immediately preceding,the Utilities Department shall credit any deposit on hand. For the purposes of this subsection, a payment shall be deemed delinquent if made after the due date set forth on the monthly billing statement. (3) After at least two (2) years of continuous service to any commercial or power service customer. with a demand of 1,000 kW per month or greater, if the monthly payments for the account have been made promptly, with no more than one delinquent payment during the twenty-four (24) month period immediately preceding, the Utilities Department shall credit any deposit on hand. For the purposes of this subsection,a payment shall be deemed delinquent if made after the due date of the any monthly billing statement. (4) Any customer on a Contract rate structure, such as Co-Generation Standby, Economic Development, and Interruptible Service Rates, will be required to maintain a surety bond, irrevocable letter of credit, or a cash deposit with the City for the entire duration of the Contract. SECTION 2. Those portions of Sections 15-50as now existing,and any ordinances or parts of ordinances in conflict herewith be, and hereby are, repealed. SECTION 3. The validity of any section, subsection, sentence, clause or phrase of this ordinance shall not affect the validity or enforceability of any other section, subsection, sentence, clause or phrase thereof SECTION 4. That this ordinance shall be in force and take effect from and after its passage and publication, in pamphlet form, on April 1st, 2026. The ordinance shall be published in one issue of the Grand Island Independent as provided by law. Enacted: March 10, 2026. RogercSrteele, Mayor ATTEST: �F GRANp�S,i `��� J. G ere � Clerk vri.��O�O�TFo s 4, Y *: `• 1*fi -ec 10,1glL ; . 14%14 EBRAS\ '=