Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, August 28
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Business owners talk potential utilities deposit increase | News
    Utilities

    Business owners talk potential utilities deposit increase | News

    October 22, 20242 Mins Read


    CASCADE LOCKS — The Cascade Locks City Council held its regular meeting Oct. 14, following a 90-minute work session to discuss a proposed increase in the security deposit required for commercial users.

    Local business owners showed up en masse to contribute to the work session discussion. The City of Cascade Locks recently lost $188,000 when a commercial utilities user closed their business and left town with a large unpaid bill. This action triggered City Administrator Jordon Bennett to broach the idea of increasing commercial customers’ utility deposits from $300 to a “two month rolling average” in order to mitigate the risk to the city coffers.

    One business owner reported that this deposit would amount to $150,000 for his company. Others contributing to the discussion said they’d like to see the city solve this problem without putting the onus on business owners, particularly start-ups. One speaker pointed out that tying up thousands of dollars of his capital is unfair, and said that he “would have to demand some kind of return on it.” The discussion was both vigorous and respectful, and no decisions were made on this subject in the work session or regular meeting.

    The regular meeting highlighted a presentation by Anna Lee, a consultant from HR Answers, who was hired by the city to provide job descriptions, salary comparisons, and pay equity analysis. One notable criteria discussed was that the city of Cascade Locks does not pay the 6% PERS contribution for its employees, a factor which has recently affected an applicant’s decision to pass on a job offered by the city. It also affects employee longevity as they are more prone to seek an employer that does offer that benefit.

    Cascade Locks continues to wrestle with short-term rental (STR) regulation. The council was concerned about the parking associated with STRs, particularly if an event is hosted or if temporary guests join the tenant. Councilor Pete Happy pointed out that street parking is public parking, no matter who’s inside the residence. Councilor Bernard Seeger distinguished between hosted and non-hosted STRs, saying the hosted STRs make local housing more affordable and help to keep locals housed, whereas non-hosted often results in potential long term rental properties being eliminated. The council voted unanimously to enact a required safety checklist, but tabled any other decisions about STRs, citing the need for more input or a work session.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleStock market news for October 22, 2024
    Next Article Top Trader Predicts Bitcoin Breakout to $100,000 Following Months of Consolidation – But There’s a Big Catch

    Related Posts

    Utilities

    Utilities Down on Rotation Into Tech — Utilities Roundup

    August 27, 2026
    Utilities

    Why the emergency response operating model must evolve for utilities

    August 26, 2026
    Utilities

    Utilities Inch Up as Traders Hedge on Yield, Inflation View — Utilities Roundup

    August 25, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Michael Saylor Has Kept Bitcoin Afloat. What Happens Now as Strategy Prepares to Sell?

    May 28, 2026
    Property

    Housing panic grips half of US cities as record price cuts send home values tumbling

    August 25, 2025
    Bitcoin

    Bitcoin Price Hits $64,000: Here Are Some Marker-Moving Events To Watch Out For This Week

    October 14, 2024
    What's Hot

    The Commodities Feed: Oil falls after latest OPEC+ supply hike | articles

    August 3, 2025

    Bitcoin (BTC) dépasse 109 000 dollars et réalise un nouvel ATH

    January 20, 2025

    Stock Market Today, Dec. 29: UiPath Edges Higher After Morgan Stanley Price Target Increase

    December 29, 2025
    Most Popular

    Firm Jobs Numbers Boost Rate Hike Chances, but Lack of Breadth Remains a Concern

    June 6, 2026

    L’analyste de Bloomberg prévoit Meta en tant que trailblazer dans l’intégration Bitcoin d’entreprise

    May 29, 2025

    Bitcoin Developers Propose Bitcoin Quantum Migration Plan That Would Freeze Legacy Coins

    April 15, 2026
    Editor's Picks

    Property People: Workman; Muse, Stepnell; Wain Estates; Addleshaw Goddard; Clarke Willmott; SEC Newgate; Sancus

    May 6, 2026

    How the UK’s property taxes compare to other countries

    November 27, 2025

    Asia’s Utility Stocks Have Never Had It So Good in Two Decades

    August 17, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.