Archive for March, 2009
We Moved to 1647 Court St. – Downtown Redding
Just in case you were planning a visit to our office, we moved. Real Estate Professionals GMAC is now located at 1647 Court St., Redding, Ca. 96001. Thats the corner of Court and Placer Streets on Reddings Westside. We are now located just a couple of blocks west of the Lorenz Hotel and Marketfest at Library Park. We are really looking forward to serving our clients from this downtown location. We are now walking distance to the Riverfront Playhouse, Cascade Theatre, Market Street Steakhouse, Jacks Grill, Carnegie’s, The Post Office, Yaks, Deja Vu, Johnny’s, Bombay and many other dining, drinking and entertainment venues. We are looking forward to a great 2009 in this vibrant location!
Sphere: Related ContentBV Water District Declares a Water Shortage Emergency
While out for my morning jog at Lema Ranch I had the chance to talk to the guys from J & J pumps who were there installing a pump in one of the 2 new wells the McConnell Foundation had drilled recently. The well they were working on will produce about 150 gallons a minute (enough to provide service to 40+ homes) and be used to keep the ponds filled. It could eventually be used for irrigation or even drinking water as it was built to provide potable water. They mentioned that they were also finishing up on a 200 GPM well across the street at the new Redding School of the Arts. This should reduce or possibly even eliminate the need for metered water from the Bella Vista Water District. Its a good thing too.
The Bella Vista Water has declared a water shortage emergency. If you receive water from the BV water district or are planning on buying a home located in its supply district you better read this release. I have pasted it below.
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
BELLA VISTA WATER DISTRICT ENACTING STAGE IV OF THE
DISTRICT’S WATER SHORTAGE CONT1NGENCY PLAN
WHEREAS, the Bella Vista Water District has contracted with the U.S. Bureau of
Reclamation for a water supply from the Central Valley Project via the Sacramento River in the
annual amount of 24,578 acre feet; subject to shortage provisions;
WHEREAS, California is experiencing dry conditions for a third year and 2009 has been
designated a “critically dry” year type by the U.S. Bureau of Reclamation for Central Valley
Proj ect Water Allocation Purposes;
WHEREAS, the U. S. Bureau of Reclamation has notified the Bella Vista Water District
that the District will likely receive no Irrigation water and only 3,194 acre-feet of contracted
Municipal and Industrial (M&I) Project Water from the Central Valley project during the 2009
water year, defined as March 1, 2009 through February 28, 2010;
WHEREAS, the District used a total of 15,559 acre feet during water year March 1, 2007
to February 28, 2008 and, without cutbacks by District customers, would expect to use more
during the 2009 water year due to dry conditions;
WHEREAS, the Board of Directors has determined that voluntary water conservation
measures will not be adequate to accommodate the anticipated demand for water without
depleting the water supply available to Bella Vista Water District to the extent that there would be
insufficient water for human consumption, sanitation and fire protection.
NOW, THEREFORE, be it resolwd by the Board of Directors of the Bella Vista Water
District and hereby declared that there is a water shortage emergency and that the following plan
to manage the emergency, numbers I through V, shall be enacted and shall read as follows:
PURPOSE
The purpose of this Resolution is to establish a Water Shortage Contingency Plan to
equitably distribute the available water to the District’s customers and to ensure an
adequate supply for human consumption, sanitation and fire protection. This Resolution
is adopted pursuant to Water Code Section 350 and following, and Section 375 and
following.
For all stages of this plan, the Water Allocation Year is from March 1 through February
28. The Water Consumption figures of the 2007 water year will be the base year figures
used for allocation throughout this water shortage.
RESTRICTIONS, PROMBITIONS AND SURCHARGE
Beginning March 3, 2009, all District Rural and Residential customers shall be charged a
drought surcharge of $2.04 per hundred cubic foot for all water usage above sixty seven
percent (67%) of the amount used by that customer during the same bimonthly period
during the base year (March 1, 2007 through February 28, 2008).
Beginning March 3, 2009, all District Commercial and Public Institutional customers
shall be charged a drought surcharge of $2.04 per hundred cubic foot for all water usage
above eighty percent (80%) of the amount used by that customer during the same
bimonthly period during the base year (March 1, 2007 through February 28, 2008).
Beginning March 3, 2009, all District Agricultural and Aquacultural customers will
receive no Irrigation water; however, they will receive at a charge equal to current M&I
rates an allocation of M&I water for public health and safety use purposes equal to the
amount set forth below for new residential customers. As a result they shall be charged a
first tier drought surcharge of $0.41 per 100 cubic feet for all water usage up to the
amounts set forth below for public health and safety use purposes. All usage above the
allocations shown in the table below shall be charged an additional surcharge of $2.04
per 100 cubic feet at the second tier of the drought surcharge for a total surcharge of
$2.45 per 100 cubic feet (a total cost of $2.50 per 100 cubic feet). In addition, all
consumption vvill be charged in 100 cubic feet increments.
New service applications may be granted upon the condition that the water shall be used
for internal household purposes only and that landscaping must be delayed until drought
conditions are lifted.
All new Residential customers and existing Agricultural and Aquacultural customers
shall be granted the following allocation for public health and safety use purposes:
19 hundred cubic feet (customers billed March 16 – May 15)
39 hundred cubic feet (customers billed May 16 – July 15)
57 hundred cubic feet (customers billed July 16 – September 15)
62 hundred cubic feet (customers billed September 16 – November 15)
18 hundred cubic feet (customers billed November 16 – January 15)
12 hundred cubic feet (customers billed January 16 – March 15)
(Applicable to all current existing Agricultural and Aquacultural customers, to all
existing services with no previous consumption history, and to all new meter
installations purchased after the date of this Resolution).
The follovving restrictions will apply to all water use:
a. No filling of new ponds or new lakes and no new commercial irrigation or
agricultural irrigation shall be permitted
b. No outside watering during daytime hours
c. No new landscaping for new development
d. Construction and hauled water is $2.50 per hundred cubic feet and limited to
construction activities and use within the District.
e. No water deliveries for any use whatsoever outside the District. This includes
property owners filling up water tanks that do not reside within the District.
For more information visit the BV water district website at http://www.bvwd.org/
Sphere: Related ContentI guess that’s why reporters get a second source.
Yesterday, I posted about the 2008 tax credit (since revised) and guess what? Bad info. I had called my tax professional with the question “What about last years $7500 dollar refund? Does it still require repay?” Yesterday the answer was “No, it has been amended to conform to 2009 credit” . Guess what?
Well……I just got this message this morning.
“Hi Bob.. Seems my ” reliable source” isn’t as reliable as I thought.. I went to the IRS webside to verify..which I should have done in the first place. The $7500 credit for purchases in 2008 is not affected by this new law.. The new $8000 credit is only for homes bought in 2009 but can be taken on the 08 return if they haven’t filed yet. If they have filed they can also go back and amend to claim the credit. So far the prior credit still has to be repaid”
So, as I should have done myself, I went to the IRS and drilled down to the page on this, here is the link, http://www.irs.gov/newsroom/article/0,,id=204672,00.html
I am told that a change to 08 repay is being considered but nothing certain yet.
More Good News on 1st Time Buyer Tax Credit
I have some good news on the First Time Buyer Tax Credit. I just got off the phone with my tax professional and she was able to answer a question for me. You can take the $8,000 dollar first time buyer tax credit on this years (2008) return.
If you have already filed your 2008 tax return make sure to check in with your tax preparer and take advantage of this. Keep in mind that at this time you can’t e-file for this tax credit.
Check back here in a day or two for details on the California State tax credit on new construction. It’s a great program for anyone looking at buying a brand new home.
As Always, Happy House Hunting!
Sphere: Related Content
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