County

County foreclosures continue to rise

RBC I The number of foreclosures in the county continues to rise.
“We have opened 37, with 28 still active,” said Karen Arnold, Rio Blanco County treasurer. “Of the 28, three are files that opened in 2008.”
Active files are cases that are going through different stages of the foreclosure process.
“Some of them have just been opened, some have gone through a sale, they’re just all in various stages,” Arnold said.
Last year, the county recorded 12 foreclosures, up from eight the previous year. Of the foreclosures on this year’s books, nine have gone to sale.
While the number of local foreclosures has been on the increase, it’s still a ways off from the high for the county.
“In 1987, we had a high of 75,” Arnold said. “That was during the oil shale bust. We’ve never hit that since then.”
She’s hoping that won’t happen in 2009.
“Hopefully we’ve slowed down, but I’m looking at maybe 40 (for the year),” Arnold said. “I’m hoping it won’t be more than that. Still, that’s a lot, if you look at the percentage going up (from recent years).”
Arnold will give the report to commissioners on the last quarter of the year — October, November and December — at a commission meeting in January.
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In her recent quarterly report to county commissioners, Arnold provided numbers on the county’s financial investments.
The total amount in the county’s general fund is $28 million (down from $29.8 million the previous quarter), with $10.6 million in the use tax fund and $4.4 million in the impact fee trust fund.
Arnold said the county’s investment report hadn’t changed a whole lot since the previous quarter.
“Principal is up,” Arnold said. “But interest earnings are down from last year.”
In its operating accounts, the county has $11.2 million in checking and money market accounts, which includes use tax funds.
In the County Capital Improvement Trust Fund (CCITF), there is $5 million checking and money markets.
In certificates of deposits, the county’s CCITF fund has $8.8 million, up from $5.1 million a year ago.
“We are looking at more CD purchases,” Arnold said. “They are paying much better than treasuries, Colotrust or checking or money markets. It’s been quite a change watching the investment portfolio grow because of added CDs. Safety is foremost with our investment institutions, having to either collateralize or fall within the FDIC insurance premiums.”
In Colotrust (Colorado Local Government Liquid Asset Trust), the county has investments of $1.6 million in general funds, $3.1 million in use tax, $4.4 million in impact fees and $1.2 million in CCITF.

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It’s getting late, do you know where your kids are? Read all the Rio Happenings for this week in print or online at ht1885.com.
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Mormon crickets have hatched near Rangely. They were all sighted on BLM land north of Hwy. 64 near the junction of CR 96 and CR 1, down a dirt road near the Moffat County line.  The picture shown was taken yesterday by Mary Meinen from Rangely. She says the crickets are about the size of a ladybug (less than 1/2”). Some of them are actually yellow in color but most of them are darker. They are milling around and getting ready to start moving soon. Note: Photo is not to scale.
Rio Blanco County and the White River and Douglas Creek Conservation Districts are still asking for your help to identify additional hatch-outs of crickets so that control efforts can be put in place. The success of the program will highly depend upon local landowners and the public helping to locate crickets as soon as they hatch.  See last week’s paper for a list of ways to help or contact the County Weed & Pest District at 970-878-9670 or the Conservation District office at 970-878-9838 with any questions. Website: www.WhiteRiverCD.com
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5 days ago
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Cowboy Carson Klinzmann on the mound for Meeker at Suplizio Field in Grand Junction last Saturday. Meeker took on the 4A Rifle Bears, losing 11-1, and the Basalt Longhorns, losing 7-3. Read the recap online at ht1885.com.
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