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About The daily Astorian. (Astoria, Or.) 1961-current | View Entire Issue (May 17, 2017)
11A THE DAILY ASTORIAN • WEDNESDAY, MAY 17, 2017 US households owe record amount, Leaders: County topping pre-recession peak in 2008 is further ahead in By CHRISTOPHER S. RUGABER Associated Press WASHINGTON — U.S. household debt reached a record high in the first three months of this year, topping the previous peak reached in 2008. Americans have stepped up borrowing over the past three years, yet the nature of what Americans owe has changed since the Great Recession. Stu- dent and auto loans make up a larger proportion of household debt, while mortgages and credit card debt remain below pre-recession levels. The Federal Reserve Bank of New York said today that household debt, which also includes auto loans and home equity lines of credit, stood at $12.73 trillion in the first quar- ter. That’s above the $12.68 trillion outstanding in the fall of 2008, the previous record. The figure isn’t adjusted for inflation or population size. “This record debt level is neither a reason to celebrate nor a cause for alarm,” Dong- hoon Lee, research officer at the New York Fed said. “The debt and its borrowers look quite different today.” Measured as a percentage of the overall U.S. economy, household debt is still smaller than in 2008. It is equivalent to 67 percent of the economy now, compared with 85 per- cent nine years ago. And with interest rates low, Americans are better able to handle the loans they’ve taken out. The percentage of all household debt that is seri- ously delinquent — meaning payments are 90 days or more overdue — is 3.4 percent. That’s down from the post-re- cession peak of 8.7 percent in early 2010. Just 203,000 Americans declared bankruptcy in the first three months of this year, the lowest in the 18 years that the New York Fed has tracked the data. Still, there were some areas of concern. Auto loans have ballooned 44 percent to $1.17 trillion since the last peak in emergency prep than housing fix household debt nine years ago. And a greater percent- age of those loans have fallen 90 days or more overdue: 3.8 percent now, up from 3.3 per- cent two years ago. Still, that’s down from a recent peak of 5.3 percent in late 2010. Student loans are also a potential trouble spot: They topped $1.3 trillion in the first quarter, soaring by 120 percent since 2008. Nearly 11 percent of that debt is 90 days overdue or more. The Fed estimates that the true figure could be double that amount, because many bor- rowers are able to defer loan payments while they continue their studies or if they are unemployed. Continued from Page 1A possible 40-unit affordable housing project as an example of the need for political will. He said the council likely will vote in favor of rezoning. “Every time you rezone or up-zone where single-family dwellings are, you’re going to face lots of opposition,” Bar- ber said. Newly appointed War- renton Mayor Henry Balen- sifer raised issues specific to Clatsop County that he said should be considered in any future housing study: trans- portation, impact on the cul- ture and how it fits in with emergency management. Astoria Mayor Arline LaMear said she supported the idea of hiring a county housing coordinator, though County Manager Cameron Moore argued that a coordi- nator would need to receive specific directions. “Having a housing coor- dinator without a plan prob- ably isn’t the best use of resources,” he said. Gas charge: Tenants worry about additional bill Continued from Page 1A “Ms. Smith understands the need for low-income housing and has no plan to change the property’s use,” he added in a later email. “She wants to keep decent and affordable housing available.” pected changes were coming. The letter informing them that they would have to start pay- ing for gas was not a huge sur- prise. It has been a multiyear process for property manage- ment to install furnaces and individual meters. Worried Notice In March, all tenants received letters inform- ing them that they would be responsible for paying their own gas bills beginning June 1. It was an effort to avoid raising rent by having tenants absorb the cost of providing heat, the letter stated. Some tenants were abusing their gas usage, according to the letter, “by keeping their apartments hotter than normal and if it gets too hot, they open doors and windows, rather than turn- ing the thermostat down.” Renters were required to sign up for service through Northwest Natural Gas Co. by last Saturday or risk eviction. Some tenants interviewed last week said they had sus- But tenants — who spoke privately so as not to compli- cate their housing situations — still worry what the additional bill could mean for them. One elderly resident who lives on a fixed income said Emerald Heights is a beautiful place to live. But more impor- tantly, it’s affordable. When all her bills are paid, she only has a few hundred dollars left for groceries, gas for her car and for health issues. A gas bill will come out of her grocery money, she said. She grew up on the Oregon Coast and, after years of being away, longed to return. She looked at Astoria. “I thought I could afford that,” she said. But that was nearly four years ago. “I’m thinking every day, 70 Help Wanted 120 Money to Lend 375 Misc for Sale NOTICE TO CONSUMERS The Federal Trade Commission prohibits telemarketers from asking for or receiving payment before they deliver credit repair services, advance fee loans and credit, and recovery services. If you are asked to render payment before receiving any of the preceding services, please contact the Federal Trade Commission at: 1-877-382-4357 If you want results... 74% of Clatsop County Residents read The Daily Astorian and rated Classifieds #1 for the most read section!! (From 2010 Astoria Market Study, by Marshall Marketing & Communications, Inc. Pittsburgh, PA) 150 Homes for Sale classifieds@dailyastorian.com The Warrenton Les Schwab Tire Center has immediate full-time positions available for Sales & Service and Brake & Alignment Techs. Experience preferred but not required. We provide a drug free work environment and a generous benefits package. Apply in person. 1167 SE Marlin Ave. EOE. Warren House Pub is hiring for Kitchen Positions. Apply at 3301 S. Hemlock, Cannon Beach Or Call 503-436-1130 80 Work Wanted •JIMʼS LAWN CARE• •Brush Clearing•Lawns•Shrubs •Hauling•Gutter & Storm-Cleanup (503)325-2445 •Free Estimates NOTICE: Oregon Landscape Contractors Law (ORS 671) requires all businesses that advertise landscape contracting services be licensed with the Landscape Contractors Board. This 4-digit number assures the business has a bond, insurance and an associated individual contractor who has fulfilled the testing and experience requirements for licensure. For your protection call (503)378- 5909 or use our web site: www.lcb.state.or.us to check license status before contracting with the business. Persons doing landscape maintenance do not require a LCB license. Oregon state law requires anyone who contracts for construction work to be licensed with the Construction Contractors Board. An active license means the contractor is bonded and insured. Verify the contractorʼs CCB license through the CCB Consumer Website www.hirelicensedcontractors.com 95 Schools & Education IF YOU HAVE QUESTIONS about a Business or School Advertised, we advise you to call: The Consumer Hotline in Salem at (503)378-4320, 9 AM-1 PM, Monday-Friday or in Portland at (503)229-5576 ADVERTISERS who want quick results use classified ads regularly. 100 Employment Information *ATTENTION READERS * Readers respond to mail/phone order ads at their own risk. If in doubt about a particular offer, check with the Better Business Bureau or U.S. Postal Service before sending any money. The Daily Astorian ASSUMES NO LIABILITY FOR MAIL ORDER ADVERTISERS. The Daily Astorian/File Photo Some apartments at the Emerald Heights complex. Emerald Heights residents will have to pay for natural gas starting in October. ‘What am I going to do?’” she said. “I can afford it, I can,” said another woman who lives in a unit nearby. She moved here to help her daughter, a single par- ent who lives up the road, raise her child. She doesn’t want to move away because the loca- tion is convenient. Her income has also gone down recently and the lower rent is helpful as www.dailyastorian.com All real estate advertising in this newspaper is subject to the Fair Housing Act which makes it illegal to advertise "Any preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status, or national origin, or an intention to make any such preference, limitation or discrimination." Familial status includes children under the age of 18 living with parents or legal custodians; pregnant women and people securing custody of children under 18. This newspaper will not knowingly accept any advertising for real estate which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this newspaper are available on an equal opportunity basis. To complain of discrimination call HUD at 1(800)669-9777. The toll free telephone number for the hearing impaired is 1(800)927-9275. DO YOU BELIEVE in magic? Place an ad in the classifieds and watch the item you want to sell turn into instant cash! 210 Apartments, Unfurnished New studio apartment. Refrigerator, stove, microwave, granite counter tops, Direct TV. $765/mo. NO SMOKING. 503-791-2228 230 Houses, Unfurnished For all our available rentals. CPSMANAGEMENT.COM (503)738-5488/ (888)916-RENT 300 Jewelry Buying Gold, Silver, Estate Jewelry, Coins, Diamonds, Old-Watches. Downtown Astoria-332 12th St. Jonathonʼs, LTD (503)325-7600 340 Fuel & Wood FREE WOODEN PALLETS Available for pick up at The Daily Astorian loading dock. 949 Exchange St, Astoria NOTICE TO CONSUMERS Oregon Firewood Law requires advertisements quote a price and also express quantity in units of a cord or fractional part of a cord. Ads must also identify the species of wood and whether the wood is unseasoned (green) or dry. 445 Garden & Lawn Equipment Disaster preparedness County Emergency Man- ager Tiffany Brown said her office’s responsibilities have increased in the past five years as the county has poured funds into the department for major disaster preparedness. Brown said future projects the county will work on will include establishing contin- gency fuel reserves, continu- ity of government planning, seismic resilience planning and removal of debris that would wash ashore in a sig- nificant seismic event. Balensifer added that plans should include how to establish open areas to allow for air assistance to land with necessary supplies. Few complaints “A lot of time when you do something like this you get a lot of 30-day notices that they’re moving out,” said Ed Betts, the property manager at Emerald Heights. After the letter went out to tenants in March, he expected this would be the case. But he said he fielded few complaints, and the handful of move-out notices he received didn’t mention gas bills as a reason. Cemetery and parks Mayor LaMear noted that Astoria will be looking into establishing cemetery and park districts. She cited a recent study that revealed 70 percent of park users live out- side the city and said Astoria is still struggling with upkeep at Ocean View Cemetery in Warrenton. “It’s a matter of trying to maintain the cemetery to the standards that it should be maintained,” she said. In the final moments of the evening, officials recog- nized the 50th anniversary of the Oregon Beach Bill, which preserved public access to the state’s beaches and was passed largely through the efforts of former Gov. Tom McCall. Lee capped the discussion of the anniversary with one last ref- erence to the night’s oft-men- tioned theme: “That’s the political will we need.” Legal Notices AB6315 FORM LB-1 NOTICE OF BUDGET HEARING - WATER DISTRICT As provided for by ORS 294.426, a public meeting of the joint Arch Cape Water & Sanitary District Budget Committee will be held on May 19, 2017 at 4:00pm at the Arch Cape Fire Hall, 79279 Hwy 101, Arch Cape, Oregon. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2017. A public hearing for the Water District will take place at the Arch Cape Water District Board meeting on May 19, 2017 at 6:00pm at the same location. A summary of the Water District budget is presented below. A copy of the budget may be inspected or obtained at 32065 E. Shingle Mill Lane, Arch Cape, OR 97102 between the hours of 8:30 a.m. and 4:30 p.m, Mon - Fri. This budget is for an annual budget period. This budget was prepared on a basis of accounting that is the same as the preceding year. Telephone: 503-436-2790 Contact: Phil Chick (503)325-3211 ext. 231 or (800)781-3211 PUBLISHER'S NOTICE EQUAL HOUSING OPPORTUNITY she works to get back on her feet. “It’s really a nice place to live,” she said about Emer- ald Heights. “They keep up on maintenance.” But she worries about what any increases could mean for her neighbors over the long term. Many of them don’t have the financial cushion she has, she says. She is thinking specifically of a young fam- ily who lives next door to her. Both parents work to make ends meet. “Where are they going to go?” she asked. Clatsop County Board of Commissioners Chairman Scott Lee said the county is much further ahead in emer- gency preparedness planning than it is with housing, say- ing officials will need to make tough, often unpopular deci- sions to solve the housing issue. While the housing situa- tion could solve itself through market forces, emergency preparedness should be at the forefront of elected officials’ minds, Gearhart City Coun- cilor Dan Jesse said. “If we have a major event, we’re not going to care whether we solve the afford- able housing problem or not,” he said. “We’re all going to be wishing we had prepared bet- ter for the catastrophic event we’re going to encounter. No one is going to solve this problem but ourselves.” TOTAL OF ALL FUNDS Email: PhilChickACUtil@gmail.com FINANCIAL SUMMARY - WATER DISTRICT RESOURCES Actual Amount Adopted Budget 2015-16 Beginning Fund Balance/Net Working Capital Fees, Licenses, Permits, Fines, Assessments & Other Service Charges Federal, State and all Other Grants, Gifts, Allocations and Donations Revenue from Bonds and Other Debt Interfund Transfers / Internal Service Reimbursements All Other Resources Except Current Year Property Taxes Current Year Property Taxes Estimated to be Received Tutal Resuurces Proposed Budget 189,591 220,172 This Year 2016-17 81,816 187,450 Next Year 2017-18 134,115 182,558 105,498 2,694 119,326 2,297 147,651 5,181 517,955 390,889 469,505 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION - WATER DISTRICT 155,423 170,828 84,826 93,540 Personnel Services Materials and Services Capital Outlay Debt Service Interfund Transfers Contingencies Special Payments Unappropriated Ending Balance and Reserved for Future Expenditure Tutal Requirements 2002 Polaris Ranger 700 6x6 utility vehicle, 982 hours, automatic transmission, starts and runs great, $ 2.000 Call: (541)375-0364 BROWNSMEAD TURBO GRO Partially dehydrated dairy compost. For the garden. $25/yard. Call by appointment (503)458-6821. Make your garden great again! 485 Pets & Supplies Labrador Puppies $400 each 8week check-ups,1st immunizations, worm, & flea treatments up-to-date. Call or text 503-717-3996 Legal Notices AB6261 NOTICE OF SHERIFF'S SALE On June 6, 2017, at the hour of 10:00 AM at the Clatsop County Sheriff's Office, 1190 SE 19th Street in the City of Warrenton, Oregon, the defendant's interest will be sold, subject to redemption, in the real property commonly known as: 2875 Marine Dr, Astoria, OREGON. The court case number is 16CV00116, where FEDERAL NATIONAL MORTGAGE ASSOCIATION (“FANNIE MAE”), A CORPORATION ORGANIZED AND EXISTING UNDER THE LAWS OF THE UNITED STATES OF AMERICA is plaintiff, and THE UNKNOWN HEIRS AND DEVISEES OF CATHERINE M. POLLOCK; THE UNKNOWN HEIRS AND DEVISEES OF EAMON POLLOCK; TIMOTHY J. ESPOSITO; COMMERCIAL ADJUSTMENT COMPANY; OCCUPANTS OF THE PROPERTY is defendant. The sale is a public auction to the highest bidder for cash or cashier's check, in hand, made out to Clatsop County Sheriff's Office. For more information on this sale go to: http://oregonsheriffssales.org/ (OR), http://files.co.clatsop.or.us/ccso/ foreclosures.pdf Published: April 26th, May 3rd, 10th, and 17th, 2017 196,812 20,772 181,175 101,247 45,000 20,772 0 35,000 43,000 80,893 517,955 70,749 390,889 91,570 482,764 FINANCIAL SUMMARY - REQUIREMENTS AND FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY ORGANIZATIONAL UNIT OR PROGRAM * Name of Organizational Unit or Program FTE for that unit or program Arch Cape Domestic Water Supply District 2 2 2 FTE 2 Tutal Requirements 2 2 2 Tutal FTE STATEMENT OF INDEBTEDNESS Estimated Debt Outstanding on July 1. LONG TERM DEBT General Obligation Bonds Other Bonds Other Borrowings Tutal Estimated Debt Authorized, But Not Incurred on July 1 $498,521 $498,521 Published: May 17, 2017 AB6316 FORM LB-1 NOTICE OF BUDGET HEARING - SANITARY DISTRICT As provided for by ORS 294.426, a public meeting of the joint Arch Cape Water & Sanitary District Budget Committee will be held on May 19, 2017 at 4:00pm at the Arch Cape Fire Hall, 79279 Hwy 101, Arch Cape, Oregon. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2017. A public hearing for the Sanitary District will take place immediately following the Water District Board meeting on May 19, 2017 at 6:00pm at the same location. A summary of the Sanitary District budget is presented below. A copy of the budget may be inspected or obtained at 32065 E. Shingle Mill Lane, Arch Cape, OR 97102 between the hours of 8:30 a.m. and 4:30 p.m. This budget is for an annual budget period. This budget was prepared on a basis of accounting that is the same as the preceding year. Contact: Phil Chick Telephone: 503-436-2790 TOTAL OF ALL FUNDS Email: PhilChickACUtil@gmail.com FINANCIAL SUMMARY - SANITARY DISTRICT RESOURCES Actual Amount Adopted Budget 2015-16 Beginning Fund Balance/Net Working Capital Fees, Licenses, Permits, Fines, Assessments & Other Service Charges Federal, State and all Other Grants, Gifts, Allocations and Donations Revenue from Bonds and Other Debt Interfund Transfers / Internal Service Reimbursements All Other Resources Except Current Year Property Taxes Current Year Property Taxes Estimated to be Received Total Resources Proposed Budget 281,414 293,312 This Year 2016-17 300,283 308,368 Next Year 2017-18 362,217 301,096 142,955 3,225 1,531 134,600 3,467 800 140,000 3,300 2,764 722,437 747,518 809,377 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION - SANITARY DISTRICT Personnel Services Materials and Services Capital Outlay Debt Service Interfund Transfers Contingencies Special Payments Unappropriated Ending Balance and Reserved for Future Expenditure Total Requirements 192,187 230,726 249,251 199,312 199,250 45,000 199,187 20,000 37,000 272,541 747,518 303,939 809,377 330,937 722,437 PROPERTY TAX LEVIES Rate or Amount Imposed Permanent Rate Levy (rate limit _________ per $1,000) Local Option Levy Levy For General Obligation Bonds LONG TERM DEBT General Obligation Bonds Other Bonds Other Borrowings Total Rate or Amount Imposed Rate or Amount Considered 2015-16 This Year 2016-17 Next Year 2017-18 144,818 134,600 140,000 STATEMENT OF INDEBTEDNESS Estimated Debt Outstanding on July 1. $3,324,187 Estimated Debt Authorized, But Not Incurred on July 1 $668,777 $3,992,964 Published: May 17, 2017 WWW.DAILYASTORIAN.COM
