Get Ready Apartment Owners: Portland Water/Sewer Rates Likely To Increase 5% (Again) In 2014
The Oregonian reported today that although the City Council doesn’t formally vote on a rate increase until May. Last year, water/sewer bills increased 4.8% last year, and this year’s target is 5% or less.
Meanwhile, Portlanders for Water Reform have submitted a signed initiative petition stripping utility oversight from the City Council. It will likely be up for a vote in May.
HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com