Posted: March 10, 2014 in Grover Beach
The Grover Beach City Council will continue to focus on the implementation of a major program to rehabilitate City streets when the Council meets Tuesday night, January 21, 2014 at 6:30 p.m. at City Hall. This will be the second time the Council has taken up the subject in as many months and the Council is continuing to seek public input on the matter. In a special workshop held in December, the Council received staff reports that outlined street conditions, early estimates regarding costs, and a list of financing mechanisms. During the December meeting, the City Council was informed that the existing cost to repair streets was between $35 million and $40 million dollars. Staff also noted for the Council that, given the City’s limited economic base, existing funds are not sufficient to make a significant impact towards resolving the problem. Public Works Director Greg Ray indicated that, if the City’s streets were in “good shape”, an annual contribution of $1.6 million dollars would be necessary to keep the streets maintained properly. With the City’s General Fund resources at just over $7 million dollars, a dedication of $1.6 million for street repair is just not possible. As noted by City Manager Bob Perrault, “Ultimately, a significant infusion of cash will be necessary to have any impact on the long-term solution to street rehabilitation.” During the initial Council meeting a number of financing options were reviewed, including the use of Assessment Districts, General Obligation Bond Issues, Pay-as-you-go, and Mello Roos Financing Districts.
At Monday night’s meeting, the City Council will receive additional information regarding the financing options of a General Obligation Bond and the formation of an Assessment District. City staff will be seeking Council authorization to initiate the process to place a General Obligation Bond Issue on the ballot. The requested authorization would include updating the City’s Pavement Management System and the retention of a polling firm. According to City staff, updating the Pavement Management Program will provide critical information regarding the current state of street deterioration and more accurate cost estimates for street repair. Business representatives and residents are encouraged to attend the City Council meeting to provide public input on Tuesday, January 21st at 6:30 p.m. More information may be obtained from the Grover Beach City Management Office at (805) 473-4567 or the public may view the January 21st staff report entitled “Street Reconstruction Long-term Strategies” at Grover Beach City Hall or on the City website at: http://www.grover.org/DocumentCenter/View/4204.
Posted: March 10, 2014 in Arroyo Grande
The City of Arroyo Grande “Children In Motion” child care program and the Arroyo Grande Lions Club are sponsoring a BBQ Fundraiser in support of children’s services. The event will be held on Friday, March 14th from 4:30 p.m. to 6:30 p.m. at the Arroyo Grande Elm Street Park BBQ Area, 1221 Ash Street, Arroyo Grande. The BBQ will feature chicken, beans, salad, bread and a drink. Tickets can be purchased for $10.00 at the Arroyo Grande Recreation Services office, 1221 Ash Street and 300 E. Branch Street, Arroyo Grande or if you know a local Arroyo Grande Lion Club member, please see them. The public can drive through and take their meals home or they can enjoy their meal at the BBQ area. Tables will be available for those guests who would like to dine-in. Deadline to purchase tickets is Monday, March 10th. For more information, please call the Recreation Services office at 473-5474.
Posted: March 7, 2014 in Arroyo Grande
The City of Arroyo Grande wants to remind residents that water conservation restrictions remain in effect and the City continues to offer a comprehensive program of water conservation incentives. The Governor recently declared a Drought State of Emergency. As a result, the City will be increasing its monitoring and enforcement of the water use restrictions.
Use of water which results in excessive gutter runoff is prohibited. No water shall be used for cleaning driveways, patios, parking lots, sidewalks, streets or other such use except where necessary to protect the public health and safety. Outdoor water use for washing vehicles is allowed only with hand-controlled watering devices. Outdoor irrigation is prohibited between the hours of 10:00 a.m. and 4:00 p.m. Irrigation of private and public landscaping, turf areas and gardens is permitted at even-numbered addresses on Mondays and Thursdays and at odd-numbered addresses only on Tuesdays and Fridays. No irrigation of private and public landscaping, turf areas and gardens is permitted on Wednesdays. Irrigation is permitted at all addresses on Saturdays and Sundays. Emptying and refilling swimming pools and commercial spas are prohibited except to prevent structural damage and/or to provide for the public health and safety. In addition, use of potable water for soil compaction or dust control purposes in construction activities is prohibited.
The City also provides financial assistance to residents to reduce water consumption. Low-flow toilets and shower-heads are are installed at no cost to homes built prior to 1992. Financial rebates are available for energy for energy efficient washing machines, digital controllers and automatic sensors, and the replacement of turf areas with drought tolerant plants and drip irrigation.
Residents are directed to contact the public works department at: 473-5460 for more information.
Posted: March 7, 2014 in Grover Beach
Learn about upcoming recreation opportunities, programs, and special events offered for the entire family, as well as information regarding the Co-ed Adult Volleyball League, Spring Garden Tour and Plant Exchange, and the Mother and son Dinner Dance!
For a copy of the entire Activity Guide, which includes information regarding recreation programs and special events offered in Grover Beach as well as neighboring communities, please contact the Parks and Recreation Department at (805) 473-4580.
Winter-Spring 2014 Activity Guide
Posted: March 7, 2014 in Grover Beach
On August 5, 2013, the Grover Beach City Council declared a Stage II Water Shortage. A Stage II declaration is a moderate-voluntary measure for staff to continue consumption reduction methods and encourages Grover Beach citizens and businesses to conserve and limit water use.
Posted: March 7, 2014 in Mortgage Information
Radian Guaranty released data for primary mortgage insurance delinquencies for the month of February on Wednesday, reporting fewer loans are delinquent as of the end of the month.
The report noted that, “The information below regarding new delinquencies and cures is reported to Radian from loan servicers.”
New insurance written for the month came in at $1.9 billion, with a beginning primary delinquent inventory of 58,782.
New delinquencies totaled 3,913, but were offset by 4,903 cures and 1,860 paids. Less the 41 rescissions and denials, the ending delinquency of inventory of loans was 55,891.
Radian commented that, “Default reporting, particularly on a monthly basis, may be affected by several factors, including the date on which the report is generated and transmitted to Radian, updated information submitted by servicers and by the timing of servicing transfers.”
Posted: March 7, 2014 in Mortgage Information
The cost of a home loan dropped early this week on less than robust news about the economy and housing, with Freddie Mac reporting that the average interest rate for a 30-year fixed mortgage was 4.28%, down from 4.37% a week earlier.
The average for a 15-year fixed mortgage was 3.32%, down from 3.39%, Freddie Mac said Thursday in its weekly survey of what lenders are offering to solid borrowers.
The average start rate for a popular type of adjustable mortgage with a fixed rate for the first five years edged down from 3.05% to 3.03%.
Rates rose late last year when it became clear that the Federal Reserve would scale back its enormous purchases of mortgage bonds and Treasury securities, a program designed to stimulate the economy by keeping long-term rates low.
But the 30-year fixed rate has since fallen back about a quarter of a percentage point, a decline attributable at least in part to an economic recovery too weak to raise fears that inflation could become a problem.
Freddie Mac’s chief economist, Frank Nothaft, noted that the news early this week included a downward revision in the fourth-quarter gross domestic product and a weaker than expected report on private-sector job growth.
Freddie Mac asks lenders each Monday through midday Wednesday about the terms they are offering creditworthy borrowers who pay less than 1% in upfront lender fees and discount points to obtain mortgages. Charges for services such as appraisals and title insurance are extra.
Actual rates fluctuate, sometimes more than once a day. Borrowers can pay additional points to obtain lower rates, or get zero-cost loans by accepting a higher rate.