Del Mar hears Shores property fundraising update

Approves PACE program, takes shot at Google prize

More than $5.6 million has been raised in the effort to maintain the Del Mar Shores Park, it was announced at Monday’s City Council meeting.

The goal for the Friends of the Del Mar Parks is to come up with $8.5 million by November 2011. At that time, the city will have a balloon payment of more than $3 million due on its loan to buy the property.

Del Mar bought the land from the Del Mar Unified School District in 2005 to prevent it from being converted to commercial or residential properties.

Laura DeMarco, vice president of the committee, said it is important for newcomers to the city to know why this property is so valued. She said roughly 40 percent of Del Mar residents have moved in since the campaign started.

The campaign aims to keep this portion of land open for public use. Plans call for dedicated sports fields, a dog park and a community garden. For more information visit www.delmarshores.org.

PACE Program Adopted

Two weeks after the Solana Beach City Council adopted the CaliforniaFirst Property Assessed Clean Energy, or PACE, program, its neighbor to the south followed suit.

Del Mar property owners who wish to purchase energy-saving products for their homes, such as solar panels, water efficiency and insulation equipment, will soon be able to fund them through loans assessed on their property.

Starting this summer, purchases between $5,000 and $75,000 can be paid for through a 20-year lien on property tax bills. The interest rate is predicted to be between 6 percent and 8 percent, depending on market conditions.

The City Council first heard about the PACE program two weeks ago, but directed staff to research and confirm that costs to the city would be minimal.

The PACE program has already been endorsed by more than 100 cities in 14 California counties. For more information, visit www.californiafirst.org.

Google Del Mar

It might be a long shot, but Del Mar is hoping for some luck in Google’s search for a test area for its ultra-high speed fiber network that will provide Internet service up to 100 times faster than what is available today.

Cities across America are applying to be one of Google’s selections for this operation. The Internet giant is looking for a metropolitan region with a population between 50,000 and 500,000 people.

Therefore, it is unlikely Del Mar, with roughly 5,000 people, would be selected on its own. The city is hoping to team up with neighboring cities Encinitas, Carlsbad and Solana Beach to become more attractive to Google.

A city memorandum says Del Mar “has a high-tech savvy, affluent, and educated population that would appreciate the potential technical advantages that Google’s high-speed fiber optic data communications capability has to offer.”

The company will announce its selected location later this year, and the memo says Del Mar will have no financial obligation if Google were to select the city.

For more on Google’s high-speed fiber optic data communications hub.

Related posts:

  1. Shores fundraising not over yet
  2. DM council seeks ways to retire Shores property loan
  3. Solana Beach adopts state PACE program
  4. Council to negotiate Shores property lease extension with school district
  5. City Council agrees to negotiate Shores property lease extension

Short URL: http://www.delmartimes.net/?p=3073

Posted by on Mar 26, 2010. Filed under Archives. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Archives

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

LA JOLLA NEWS

RSS LA JOLLA NEWS

  • 10 Reasons to Generate Your Own Power
    By Martin Learn, Home Energy Systems As we take one step closer towards August, we all prepare for the blazing sun, the heat it brings, and in turn, the cranked-up AC. But instead of seeing the sun as an enemy, something to be protected against, there is a way to embrace that solar power and […]
  • La Jolla Community Calendar July 24-31
    La Jolla Concerts by the Sea continue 2-4 p.m. Sunday, July 27 with the Bill Magee Blues Band, performing electric New York and Chicago-style blues (preview at BillMageeBlues.com). Scripps Park at La Jolla Cove. Free. (858) 454-1600. LJConcertsByTheSea.org […]
  • FRONTLINE CANCER: The value of Comprehensive Cancer Centers
    It’s estimated that approximately 14 million Americans alive today have had cancer. Some are cancer-free; some are still fighting it. This year, they will be joined by another 1.6 million persons who will receive that fearful diagnosis. The grim news, of course, is that the ranks of cancer patients are also trimmed each year by death: More than 585,000 annua […]

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS