Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, July 26
    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

    United Utilities apologises after Ambleside without drinking water for more than 12 hours

    July 16, 2026
    Utilities

    Costain wins three-year United Utilities contract extension

    July 15, 2026
    Utilities

    Backing to accelerate growth at utilities and infrastructure software platform

    July 14, 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

    Serious ‘Cascade’ Crash Warning Issued As Bitcoin Price Suddenly Plunges

    June 24, 2026
    Stock Market

    Dow, S&P 500, Nasdaq futures edge up despite government shutdown

    October 1, 2025
    Commodities

    record level lost as lower commodities and US market bite

    July 19, 2024
    What's Hot

    April 7, 2025 – Donald Trump presidency news

    April 7, 2025

    AI Memory Weakness Shows How Crowded the Tech Trade Has Become

    June 23, 2026

    Nine financial experts reveal how they’re protecting their OWN money in case of a market crash – and how you can too

    October 27, 2025
    Most Popular

    The latest PPI Index for lumber, and more

    July 12, 2024

    Gold: Why It Outshines Platinum and Palladium in Monetary Stability

    September 18, 2025

    Réunion de la commission finance de Sainte-Eulalie

    February 15, 2025
    Editor's Picks

    Warren Buffett prépare sa sortie après 60 ans de règne sur la finance américaine

    May 5, 2025

    Wait Until Q4 2024 for BTC Prices to Rally

    August 22, 2024

    ‘The Most Important Thing’—Goldman Sachs CEO Reveals Crypto Surprise As Bitcoin Price Stalls

    July 24, 2026
    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.