MONTEREY PARK RESCINDS POINT-OF-SALE INSPECTION ORDINANCE 10/3/13
The West San Gabriel Valley Association of REALTORS® reports that the city of Monterey Park has voted to rescind an ordinance that requires inspections at the point-of-sale. A staff report showed that the program was a money loser. It stated that while revenue to the city from fees charged for the inspections of residential and commercial property was slightly more than $108,000 in the 2012-2013 fiscal year, the cost to conduct those inspections was nearly $200,000. Representatives from the West San Gabriel Valley Association of REALTORS® spoke before the council in favor of rescinding the ordinance, and were the only members of the public to do so. The council voted unanimously in favor of rescinding the program.
REALTORS® HELP AMADOR COUNTY SOLVE WATER WOES 10/3/13
Voters overwhelmingly approved a water rate restructuring in Amador County that will help the local water district meet the needs of its constituents. REALTORS® campaigned in favor of the plan and received funding from the NAR. Previously, they had also campaigned in favor of the water district’s proposed gravity supply line project, which will save water users over $30 million over the next 45 years.
More info: http://www.realtoractioncenter.com/realtor-party/tools-and-resources/mrp/assets/amador-county.pdf
RIVERSIDE COUNTY APPROVES PROP 90 ORDINANCE 8/19/13
REALTORS® in Riverside County report that the Board of Supervisors have approved a Proposition 90 ordinance. The new ruling will allow seniors over the age of 55 to relocate from another county within California and retain their old assessed property valuation, provided that the new home is of equal or lesser value. Riverside County previously had a Prop 90 ordinance but rescinded it in 1995.
More info: http://www.pe.com/local-news/politics/jeff-horseman-headlines/20130730-riverside-county-supervisors-approve-older-homebuyer-tax-incentive.ece