§ 17-148. Security deposit credit system for purchases of petroleum products and services at municipal airport.

(a)

Customer defined. All city-based aviators (customer) may make application to purchase aviation petroleum products and services as hereinafter provided. "City-based aviators" are defined as those who lease hangar or tiedown space at the municipal airport.

(b)

Billing. Each month the city shall render each customer a bill for all aviation petroleum products and services purchased from the city at the municipal airport, payment due within fifteen (15) days of the billing date.

(c)

Delinquent payment. When a customer's bill remains unpaid for a period of thirty (30) days, the city shall refuse further credit service pursuant to this section and any deposit shall be applied and credited to the customer's delinquent account. If any balance remains, the city shall claim a lien upon the aircraft as authorized by F.S. § 329.40, until the balance is paid in full.

(d)

Deposit required. Deposits shall be required as follows:

(1)

With any application for credit purchases of petroleum products and services at the city municipal airport, the city shall require a deposit to be paid prior to receiving credit purchases. The deposit shall be made to secure payment for petroleum products and services purchased at the city municipal airport. The city will refund the deposit to the customer upon termination of services, payment of all charges, and presentation of the properly signed original deposit receipt or other acceptable proof of payment.

(2)

All new deposit accounts shall be equal to the estimate of one (1) month's petroleum products and services purchased. All new deposit accounts shall be reviewed at the end of six (6) months and adjusted to equal the highest month's bill during the preceding six-month billing period. Thereafter, all deposit accounts shall be reviewed and adjusted annually to equal the highest monthly bill during the preceding twelve-month billing period.

(3)

The city will accept deposits of cash, irrevocable letters of credit issued by local banks, or other liquid security deemed acceptable to the city manager.

(Code 1959, § 2-10.1)