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
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