Positive Housing News

Americans are making more money, and that is making the nation’s homebuilders feel a lot better about their business.

A monthly survey of builder confidence jumped a striking six points in September to the highest level in nearly a year. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) hit 65; anything above 50 is considered positive sentiment. August’s reading was revised down one point. The index stood at 61 one year ago.

“As household incomes rise, builders in many markets across the nation are reporting they are seeing more serious buyers, a positive sign that the housing market continues to move forward,” said NAHB Chairman Ed Brady, a homebuilder and developer from Bloomington, Ilinois. “The single-family market continues to make gradual gains and we expect this upward momentum will build throughout the remainder of the year and into 2017.”

Homebuyers also believe it a good time to buy.

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HELP theatre stay alive and thrive in the South Bay!



The Friends of Torrance Theatre Company invite you to their annual fundraiser. ALL the proceeds go into our 2016-2017 season in Downtown Torrance!

This year we return to the DoubleTree Hotel in Torrance for dinner and a show. We are excited to present L.A. Miserable: A Comic Cabaret, written by Glenn Kelman and Mark Torreso.

The show features some of Broadway’s biggest hits, but with a comic twist. The songs are parodied versions that will undoubtedly have us reflecting on the L.A. experience.

The show features recent TTC actors, including Cindy Shields, Jade Taylor, Bryan Kinder, Carly Linehan, Danny Gaitan, Mark Torreso, Glenn Kelman and Imani Hayes.

$100 per person

Door open at 5:30 pm
Dinner is a 6:00 pm (Dinner includes green salad, Cognac Chicken, masked potatoes, steamed vegetables and dessert. Vegetarian meal is available upon ticket purchase. Cash bars.)

Join us for a great night supporting the TTC and laughing with friends!

Tickets remain ON SALE through September 18th.

To purchase via phone, leave a message at (424) 243-6882
To purchaes oline visit TorranceTheatreCompany.com

The Torrance Theatre Company is a program of the Cultural Services Division of the Torrance Community Services Department.www.TorranceCA.Gov. Sponsored in part by Friends of Torrance Theatre Company.

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The California Housing Update-Southern California

The market is still hot across Southern California. With Fall approaching the market seeks to find its balance in inventory and demand.

Pending Home Sales Index – July 2016

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July Sales

Homes Sales In July2016-07_ig

California Pending Home Salespending-2016-07_ig

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South Bay High Schools Elevate

South Bay area High Schools are named in the top 500 of the best high schools nationwide. Congratulations to Palos Verdes Peninsula (50), Palos Verdes High School (174), West Torrance (238), South Torrance (238). Congratulations to the students, teachers and staff.

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Torrance Unified School District Refinances Bonds: Saves Taxpayers Over $5.6 Million

The Torrance Unified School District recently refinanced $31 million in general obligation bonds which will save District property owners more than $5.6 million in taxes. The District took advantage of interest rates that were near all-time lows to refinance its Election of 2008 Series 2009B-2 Bonds. The 2009B-2 Bonds originally sold in October 2009 when interest rates were higher.

The 2008 Election Bonds, Measures Y and Z, were approved by nearly 75% of the District’s voters authorizing the sale of $265 million in General Obligation Bonds. The prior bonds were sold to finance District-wide modernization of all schools, and repairs to roofs, plumbing and electrical systems, as well as other capital improvement projects.

Interest rates on the old bonds were 4.78%, and the borrowing cost for the new bonds is 2.79%. This difference will save District property taxpayers $5,612,167, or about $375,000 a year through the year 2034.

A part of the sale process involved getting a credit rating on the District’s bonds. The District received a strong “Aa2” rating from Moody’s Investors Service, which helped the District achieve its low interest rates. Moody’s praised the District in their report for its “very large and growing tax base characterized by a high level of resilience, healthy financial position through conservative management, and a large financial operation able to weather economic pressures”.

TUSD Superintendent, Dr. Mannon, stated, “With interest rates the lowest they have ever been, we wanted to take advantage and lock in savings as quickly as possible.” Board President, Martha Deutsch, added, “Our community has always entrusted us by supporting our bond measures, and as stewards of taxpayer dollars, we felt this refinancing was the right thing to do.”

The refinancing of the bonds was unanimously approved by the TUSD Board of Education on July 18, 2016. Property owners in the District will see a reduced property tax rate on future tax bills.

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We Celebrated a Luau Fundraiser for the Rose Float

 

We had a ball raising cash for the Torrance Rose Bowl Float on August 6th at the Ken Miller Recreation Center. Fun was had by all. Check out all the photos at the Float Facebook page

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Long Beach History : Jergins Tunnel


Built in 1927 and opened to the public in 1928, the Jergins Pedestrian Subway,  was built to create a safer transportation to the beach. Named after pioneer oil baron Andrew T. Jergins, it also lead to famous amusement park, The Pike, which until 1979.

The city planners decided to build a pedestrian transport that by passed the traffic mess above at Pine and Ocean. Affectionately known then as “The Cross Roads of Long Beach.” With no traffic lights.

It is believed that the tunnel was closed off in 1967. The above video takes you on a tour of the opened tunnel.

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Who Are The First Time Home Buyers?

67%   home buyers 35 and younger were first time home buyers. Followed by buyers 36-50 years old at 26%.

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TUSD Announces New Administrative Appointments

Torance Unified School District is excited to announce the appointment of two new administrative positions – Dr. Tim Stowe is the District’s new Deputy Superintendent, Administrative Services as of July 1, 2016 and Dr. Kati Krumpe will start as the new Chief Academic Officer on August 1, 2016.

Dr. Tim Stowe – Deputy Superintendent, Administrative Services:

Since 2013, Dr. Stowe had been serving as the District’s Chief Academic Officer. Dr. Stowe began his career with the District in 1993 as an English teacher at North High School before moving to teach social studies and technology at Magruder Middle School. While teaching at Magruder, he coached basketball at West High. In the fall of 1998, Dr. Stowe was appointed as Assistant Principal at Richardson Middle School. From 2000-2007 he served as the Principal of Hull Middle School and then West High School.

Dr. Stowe earned a Bachelor of Arts in History from the University of Redlands, a Masters of Science in School Counseling and an Administrative Services Credential from the University of La Verne, and a Doctorate in Educational Leadership from the Rossier School of Education at the University of Southern California.

Dr. Stowe’s involvement in the community includes coaching youth sports and serving as a Board member of two non-profit organizations that support the education of students in the South Bay; the South Bay Classic and the Astronaut Ellison S. Onizuka Memorial Committee.

Dr. Stowe attended TUSD schools and his mother was a long time TUSD employee, recognized as Employee of the Year in 1997. Dr. Stowe and his wife Kathy, Associate Dean and Professor at the USC Rossier School of Education, have children who attend TUSD schools. Congratulations Dr. Stowe!

Dr. Kati Krumpe – Chief Academic Officer:

Dr. Krumpe had been serving as the Culver City Assistant Superintendent of Education Services since July 2013. She previously served in our District for 22 years beginning in September 1991 as a Science Teacher, Track, and Cross Country Coach at North High School. She was a high school assistant principal, the Edison Elementary Principal, and the Director of State and Federal Projects.

Dr. Krumpe received her Bachelor of Science in Kinesiology from the University of California, Los Angeles in 1986, her Master of Arts in School Administration from California State University, Dominguez Hills in 1994, and her Doctorate in Educational Leadership for Social Justice from Loyola Marymount University in 2012.

Dr. Krumpe has been a volunteer with various community organizations and professional groups. She has served on the AYSO Region 14 Board, has been the President of the West High Athletic Booster Club, and has been a Big Sister with the Big Brothers/Big Sisters nonprofit organization. Dr. Krumpe continues to help mentor and support others in the education community as a teacher for the Association of California School Administrators in their administrative academies focusing on curriculum.

Dr. Krumpe and her family have a legacy of service with TUSD, in particular West High School. Her father, Fred Petersen, helped open the doors of West High as one of the school’s first math teachers and coach. The West High Athletic Stadium is named after beloved “Coach Pete”. Dr. Krumpe’s husband, Paul, is the head soccer coach at Loyola Marymount University and both her sons, as well as all her siblings, are proud West High Warriors.

We would like to welcome Dr. Krumpe back to our District!

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