HomeMy WebLinkAboutResolution No. 2025-018RCAR' CITY OF CLERMONT
. RESOLUTION NO.2025-018R
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CLERMONT, LAKE COUNTY, FLORIDA, ESTABLISHING THE
INTEREST RATE PAID FOR UTILITY SERVICE SECURITY DEPOSITS;
PROVIDING FOR CONFLICT, SEVERABILITY, ADMINISTRATIVE
CORRECTION OF SCRIVENERS ERROR, PUBLICATION AND AN
EFFECTIVE DATE.
WHEREAS, Chapter 166, Florida Statutes, authorize municipalities to adopt ordinances
and resolutions in the exercise of its municipal powers; and
WHEREAS, the Clermont City Code, Chapter 38 (Utility Services), Article II (Rates,
Charges and Contract), Section 38-50 (Meters and Deposits), establishes a security deposit for utility
services and Rule 25-30.311, Florida Administrative Code provides that interest shall be paid on such
deposits at a predetermined rate;
WHEREAS, the City Council of the City of Clermont, Lake County Florida desires to
establish such rates and policies;
NOW, THEREFORE, be it resolved by the City Council of the City of Clermont, Lake
County, Florida, that:
SECTION 1:
All cash utility deposits held by the City for all utility services provided shall earn interest in
accordance with the following criteria:
(a) Each public utility account which requires deposits to be made by its customers shall pay a
minimum interest on such deposits of 2 percent per annum. The utility shall pay an interest
rate of 3 percent per annum on deposits of nonresidential customers when the utility elects not
to refund such deposit after 23 months.
(b) The deposit interest shall be simple interest in all cases and settlement shall be made annually,
either in cash or by credit on the current bill. This does not prohibit any utility paying a higher
rate of interest than required by this rule. No customer depositor shall be entitled to receive
interest on a deposit until and unless a customer relationship and the deposit have been in
existence for a continuous period of six months, then the customer shall be entitled to receive
interest from the day of the commencement of the customer relationship and the placement of
deposit.
(c) The City shall comply with all additional requirements governing utility deposits as set
forth in Rule 25-30.311 of the Florida Administrative Code.
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CLER1" iOl� CITY OF CLERMONT
��-�1 RESOLUTION NO.2025-018R
SECTION 2: CONFLICT
All resolutions or parts of resolutions in conflict with any of the provisions of this Resolution are
hereby repealed.
SECTION 3: SEVERABILITY
If any portion of this Resolution is declared invalid, the invalidated portion shall be severed from
the remainder of the Resolution, and the remainder of the Resolution shall continue in full force
and effect as if enacted without the invalidated portion, except in cases where such continued
validity of the remainder would clearly and without doubt contradict or frustrate the intent of the
Resolution as a whole.
SECTION 4: ADMINISTRATIVE CORRECTION
This Resolution may be re -numbered or re -lettered, and/or corrected for typographical and/or
scrivener's errors which do not affect the intent of said resolution, as authorized by the City
Manager or designee, without need of public hearing, by filing a corrected copy of same with the
City Clerk.
SECTION 5: PUBLICATION AND EFFECTIVE DATE
This Resolution shall be effective on October 1, 2025.
(9-.
CITY OF CLERMONT
C�ER RESOLUTION NO.2025-018R
NOW, THEREFORE, BE IT RESOLVED, that the above said resolution of the City
Council of the City of Clermont, Lake County, Florida be adopted on this 12th day of August,
2025.
CITY OF CLERMONT, FLORIDA
Tim Murry, May
ATTEST:'
4z - .7 /-,// -
Tracy Ackro H e, MMC
City Clerk
as to form
Christian W. Ward, City Attorney