Mary Vargas Claims Victory
Written by admin on June 10, 2010
Assemblywoman Mary Salas declared victory Wednesday over Democratic rival Juan Vargas in the 40th state Senate district after the race was too close to call Tuesday night.
With the vast majority of ballots counted, Salas, D-Chula Vista, had gained a slim but apparently solid enough margin to secure the Democratic nomination in the district that stretches from the South Bay and south coastal San Diego into Riverside and Imperial counties.
Good for her!! Well deserved in my book.
Encinitas To Change Golf Course Agreement?
Written by admin on June 10, 2010
Encinitas will consider amending the financial agreement it has with the developers of the Encinitas Ranch golf course, but it won’t temporarily suspend the annual loan repayments.
That was the unanimous decision of the City Council Wednesday night. The vote came after several people urged the council to reject both the contract negotiations and loan repayment proposals.
The 18-hole golf course opened in 1998, and is part of a large area along Leucadia Boulevard developed by Carltas Co. The city gained a public golf course out of the development deal, but set up the golf course as an independent public entity and loaned it money to get started.
Known as the Encinitas Ranch Golf Authority, the independent entity has a board that consists of city employees, a developer’s representative and an appointed chairman.
Under the special financing agreement hammered out years ago between the city and Carltas Co., the development company makes annual sales tax revenue payments to the golf authority. The money, combined with revenue from operating the course, covers day-to-day expenditures and the city loan repayments. Some money also goes into two reserve accounts for capital construction projects.
Carltas is proposing to create a third account, which would be used for unforeseen emergency expenditures. If it did not have to make its loan repayments to the city for three years, it could set aside about $500,000, golf authority Chairman Bill Dean said.
After hearing from opponents of the proposal, council members said they would agree to open negotiations with Carltas in hopes of getting a third reserve account established. They did not agree to a temporary suspension of the payments while the city and the developer were in negotiations.
If the money is going to end up in the reserve account anyway, then the city doesn’t need to suspend the payments, it can just set aside that money until the account is created, Councilwoman Maggie Houlihan said.
The next loan payment of $115,000 is due June 15.
Brent & Kelly King In Sacramento & Washington
Written by admin on May 21, 2010
A week after their daughter’s killer was sentenced, the Kings take their fight for Chelsea’s Law to Capitol Hill.
The just arrived home from Washington, along with Assemblyman Nathan Fletcher, who provided an update with a news conference.
Now, I know a lot of people are upset at the cost of this law (if it does indeed become one)…but, really…is there a way to put a price on our childrens safety? I don’t believe there is. There is far too many offenders out there to let run loose…it’s well worth it, to me.
Sad Rady Kin Story
Written by admin on February 26, 2010
- Relatives of La Jolla philanthropist Ernest Rady have filed two lawsuits to block $21 million of a $60 million donation he gave to Rady Children’s Hospital in 2006.
The suits, filed by Canadian nieces and nephews of Rady, claim they never agreed to fund more than half of the $60 million gift to the hospital with money from American Assets Incorporated, the family’s real estate development, financial services and investment management company.
In a statement, Ernest Rady says his financial pledge to Children’s Hospital would be honored in full.
New Hotel At Ponto Beach…Yipee
Written by admin on June 14, 2009
The City Council gave its unanimous approval Tuesday to a 215-room hotel project that could be the start of a large-scale revamping of Carlsbad’s southern Ponto beachfront region.
Council members also heard that night from about a dozen people with conflicting viewpoints on a proposal to ban night-time parking in a Rancho Carrillo neighborhood, and agreed to support an emotion-packed appeal to name a city ballfield for Carlsbad teen who died late last year.
The Hilton hotel project is proposed for an 8-acre site in the far northern end of the Ponto region, adjacent to the Hanover Beach Colony housing development. Several years ago, when the city first began discussing the project as part of a renovation plan for the entire Ponto region, a number of Hanover Beach residents expressed their opposition. And that includes me. Is there ANY area that we can continue to keep beach only? Such a tourist trap.
Local Man Busted On Fraud Charges
Written by admin on June 5, 2009
The Securities and Exchange Commission says a San Diego man who raised $70 million from 300 investors was running a scam.
The SEC complaint filed Monday in federal court and announced Thursday accuses MAK 1 Enterprises Group LLC and its 32-year-old chief executive, Mohit A. Khanna, of securities fraud. It says he raised money from investors in California, Texas, New York and elsewhere, promising returns of up to 55 percent.
The SEC says Khanna misspent money to pay for luxury properties and cars and he fabricated account balances.
District Judge Roger Benitez has ordered a freeze on the firm’s assets.
The Commodity Futures Trading Commission filed similar charges in federal court.