Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, October 2
    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 stocks face worst quarter since pandemic amid data center concerns

    September 30, 2026
    Utilities

    WINNERS & LOSERS: Saga sails higher, Greggs rises, utilities recover

    September 30, 2026
    Utilities

    Utilities Shares Among Top Winners — Utilities Roundup

    September 29, 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
    Stock Market

    Tesla Stock: Bombshell Speculation Sparks 5% Rally—Is Elon Musk Pulling The Trigger On The Cheapest Tesla?

    October 7, 2025
    Bitcoin

    : Cryptomonnaie Le Bitcoin pulvérise son record historique : la cryptomonnaie dépasse les 118 000 dollars ::

    July 11, 2025
    Stock Market

    Stock Market LIVE Updates: Nifty at 25,100, Sensex up 180 pts; Saatvik Green, TCS, Lupin, Dr Reddy’s Lab gain

    October 8, 2025
    What's Hot

    la surtaxe de 10 % à l’entrée des États-Unis désormais en vigueur pour les produits du monde entier

    April 5, 2025

    Are global markets closed for trading on Good Friday? – Investing Abroad News

    April 17, 2025

    U.S. stock futures drop as investors await clarity on Trump’s latest tariff plans

    February 22, 2026
    Most Popular

    China LPR, South Korea GDP, Japan inflation

    October 21, 2024

    This Massive Streaming Stock Just Announced a 10-for-1 Stock Split. The Stock Is Up 26% This Year and Wall Street Thinks There Is More Room to Run.

    November 16, 2025

    Bitcoin Price Today: Will BTC Hold Above $62K?

    July 6, 2026
    Editor's Picks

    Markets Ignore Iran Attacks as Energy Fears Give Way to New Highs

    August 7, 2026

    Stock Market Should Continue Upward Till Year-End After Passing ‘Stress Test’: Fundstrat’s Tom Lee

    June 23, 2025

    The Stock Market Crashed After the Dot-Com Bubble. Will Artificial Intelligence (AI) Stocks Cause a Similar Market Crash?

    July 24, 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.