Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, June 30
    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

    City utilities don’t have to give extensions to life support customers

    June 30, 2025
    Utilities

    Western State Utilities Plan To Mitigate Wildfires, Others Unprepared

    June 28, 2025
    Utilities

    Springfield City Utilities to save $1.3 million yearly after bond refinance

    June 27, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Utilities

    Proposed N.B. Power rate increase hits wall of opposition during final arguments

    August 26, 2024
    Property

    Xinyuan Property Management Service (Cayman) conclut des accords de règlement de dettes

    May 19, 2025
    Property

    As DeepSeek knock-offs flourish, China curbs false trademarks capitalising on AI hype

    February 26, 2025
    What's Hot

    London stock market rules shaken up in attempt to stop firms moving overseas | London Stock Exchange

    July 11, 2024

    Commodities for Thursday, August 15, 2024 – BNN Bloomberg

    August 16, 2024

    Les principales cryptomonnaies progressent ; le Bitcoin dépasse les 84 000 dollars

    April 17, 2025
    Most Popular

    ED probe unearths money trail in Rs 110 crore commodities trading scam in Hyderabad | Hyderabad News

    July 22, 2024

    What Western media get wrong about China’s economy

    March 1, 2025

    AI for Utilities: The New Front Line in Defending Against Cyberthreats

    June 26, 2025
    Editor's Picks

    Will The Bitcoin Bull Run Return?

    August 22, 2024

    Supreme Court Justice Alito’s Beach House Displayed ‘Appeal to Heaven’ Flag

    May 22, 2024

    Stocks to buy or sell: GHCL Textiles to CSL Finance — Sumeet Bagadia recommends five breakout shares to buy today

    July 29, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

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