Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, September 19
    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

    OurCoop rebrands its travel and utilities arms after merger

    September 10, 2026
    Utilities

    Utilities Down After Wholesale Inflation Data- Utilities Roundup

    September 10, 2026
    Utilities

    Utilities giant OCU Group smashes £1bn revenue barrier as expansion plans ramp up

    September 10, 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

    Asia Pacific Utilities Modernize Grids to Meet Rising Demand

    March 19, 2025
    Investing

    China’s ‘whatever it takes’ moment? Investors hope for billions in new stimulus

    October 11, 2024
    Commodities

    U.S. Ag Export Volumes Surged in 2024

    February 22, 2025
    What's Hot

    Bitcoin falls below $60K amid pre-halving volatility, $2B ETF outflows in May

    June 24, 2026

    India Cracks Down On Crypto: Regulators Favor CBDC In Push Vs. Bitcoin & Co.

    October 22, 2024

    How Bitcoin Swift Is Helping Smart Investors Build Generational Wealth

    August 3, 2025
    Most Popular

    Stock Market: Sensex slips 164 pts, Nifty below 25,850; what’s next?

    October 23, 2025

    IPO Genie ($IPO) vs Nexchain vs Bitcoin Hyper: Which Token Has Strongest 2026 Potential?

    January 10, 2026

    Bitcoin Price Correction Sees BTC Dip Below $66,000

    July 30, 2024
    Editor's Picks

    $11.77T Charles Schwab Launches Spot Bitcoin Trading

    May 13, 2026

    Tether Was Born On Bitcoin. Twelve Years Later, Is It Coming Back?

    March 31, 2026

    ‘Mini-Melrose’ plots £50m London stock market listing | Business News

    July 23, 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.