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Sewer, refuse fees to increase for city residents


Sewer, refuse fees to increase for city residents
By Doug Keeler Midway Driller Editor [email protected] @midwaydriller
Taft Midway Driller
Sewer and refuse fees are going up for homeowners and business owners in the city after the Taft City council approved a series of rate hikes last week.
The increases were recommended by a rate study conducted by city staff and HF&H Consultants LLC are designed to keep the sewer and refuse funds self-sufficient, according to city staff.
The increase will affect 2,257 properties in the city.
The new fee schedule for sewer service and trash pickup
For single-family residences, fees will be $67.91 in fiscal year 2021-22, rising to $89.27 in 2024-25. ....

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Blackstone, Starwood to Buy Hotel Operator for $6 Billion

(Bloomberg) Blackstone Group Inc. and Starwood Capital Group agreed to buy Extended Stay America Inc., an operator of hotels and motels, for about $6 billion, betting the industry will recover as progress in fighting the Covid-19 pandemic accelerates.The two private-equity giants, whose past bets on hotels have helped shape the modern hospitality industry, are paying $19.50 per share for the hotel company, a roughly 15% premium over Extended Stay’s closing price on Friday, according to a statement on Monday.Extended Stay’s shares were up 13% at $19.15 as of 9:48 a.m. in New York.The deal would be largest hotel industry transaction since the Covid-19 pandemic decimated the global travel industry. It comes as vaccination campaigns are seeding a travel recovery that industry analysts argue could begin bearing fruit later this year.While leisure travel is widely expected to bounce back fastest, the wager on Extended Stay demonstrates confidence that a broader economic reviv ....

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