Sat08012015

News

E. coli found in Los Altos water indicated breach, but only low risk

E. coli found in Los Altos water indicated breach, but only low risk


Courtesy of Microbe World
Colorized low-temperature electron micrograph of a cluster of E. coli bacteria

When E. coli and other bacteria were discovered in some Los Altos water last week, officials from the local water supplier, California Water...

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Schools

BCS hosts Stretch to Kindergarten program for underserved youth

BCS hosts Stretch to Kindergarten program for underserved youth


Traci Newell/Town Crier
The six-week, tuition-free Stretch to Kindergarten program, hosted at Bullis Charter School, serves children who have not attended preschool. A teacher leads children in singing about the parts of a butterfly, above.

Local un...

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Community

Google car painting project calls on artists

Google car painting project calls on artists


Google self-driving car

Already known as an innovator in the tech field, Google Inc. is now moving in on the art world.

The Mountain View-based company July 11 launched the “Paint the Town” contest, a “moving art experiment” that invites Califo...

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Sports

Pedaling with a purpose

Pedaling with a purpose


courtesy of
Rishi Bommannan Rishi Bommannan cycled from Bates College in Maine to his home in Los Altos Hills, taking several selfies along the way. He also raised nearly $13,000 for the Livestrong Foundation, which supports cancer patients.

When R...

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Comment

The truth about coyotes: Other Voices

The Town Crier’s recent article on coyotes venturing down from the foothills in search of sustenance referenced the organization Project Coyote (“Recent coyote attacks keep residents on edge,” July 1). Do not waste your time contac...

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Special Sections

Grant Park senior program made permanent

Grant Park senior program made permanent


Photos by Alicia Castro/Town Crier
Local residents participate in an exercise class at the Grant Park Senior Center, above. Betsy Reeves, below left with Gail Enenstein, lobbied for senior programming in south Los Altos.

It all began when Betsy Reev...

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Business

New State Street rug retailer has downtown Los Altos covered

New State Street rug retailer has downtown Los Altos covered


Alicia Castro/Town Crier
Los Altos Rug Gallery owner Fahim Karimi stocks his State Street store with a wall-to-wall array of floor coverings.

A new downtown business owner plans to roll out the red carpet – along with rugs of every other color –...

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Books

Book Signings

• Fritz and Nomi Trapnell have scheduled a book-signing party 4-6 p.m. Aug. 1 at their home, 648 University Ave., Los Altos.

Fritz and his daughter, Dana Tibbitts, co-authored “Harnessing the Sky: Frederick ‘Trap’ Trapnell, ...

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People

GRACE WILSON FRANKS

GRACE WILSON FRANKS

Resident of Los Altos

Grace Wilson Franks, our beloved mother and grandmother, left us peacefully on July 16, 2015 just a few weeks short of her 92nd birthday. She was born to Ross and Florence (Cruzan) Wilson in rural Tulare, California on Septem...

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Travel

Gearing up: Make travel more civilized with accessories

Gearing up: Make travel more civilized with accessories


Eren Göknar/Special to the Town Crier
San Francisco-based humangear Inc. sells totes, tubes and tubs for traveling.

In travel, as in romance, it’s the little things that count.

Beyond the glossy brochures lie the travel discomforts too mun...

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Stepping Out

Going out with a 'Bang'

Going out with a 'Bang'


Richard Mayer/Special to the Town Crier
“Chitty Chitty Bang Bang” stars, clockwise from top left, Alexander Sanchez, Sophia Sturiale, Deborah Rosengaus and Danny Martin.

Los Altos Stage Company and Los Altos Youth Theatre’s joint production of t...

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Spiritual Life

Build a 'light' house and get out of that dark place

Most of us have a place inside our hearts and minds that occasionally causes us trouble. For some, it is sadness, depression or despair. For others, it may be fear, anger, resentment or myriad other emotional “dark places” that at times seem to hij...

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Magazine

Inside Mountain View

Residents gather at NASA Ames for Pluto Flyby event

Residents gather at NASA Ames for Pluto Flyby event


Megan V. Winslow/Town Crier
NASA Ames’ Pluto Flyover event kindles the imaginations of young attendees.

Sue Moore watched the July 20, 1969, moon landing beside patients and staff members of the San Francisco hospital where she worked as a nurse...

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California implements new homebuyer tax credit with hope of helping ailing housing industry

Legislation signed by California Gov. Arnold Schwarzenegger last week provides $200 million in new homebuyer tax credits to help stimulate the state’s housing market. The new credit becomes effective May 1, a day after the federal homebuyer tax credit expires April 30.

“We have seen the positive impact the federal homebuyer tax credit and last year’s state tax credit have had on California’s housing market,” said Jeff Bell, president of the Silicon Valley Association of Realtors. “The new state tax credit will continue to bring stability to our marketplace.”

Nearly 40 percent of first-time homebuyers said they would not have purchased a home if the federal tax credit for first-time homebuyers were not offered, according to research conducted last year by the California Association of Realtors. California’s previous homebuyer tax credit program was so successful, it ran out of credits by the end of June 2009, eight months before it was set to expire.

This year’s state homebuyer tax credit is distinctly different from last year’s credit and the current federal homebuyer tax credit. The bill allocates $100 million for qualified first-time homebuyers of existing homes and $100 million for qualified homebuyers toward the purchase of new or previously unoccupied homes.

Key provisions of the new state homebuyer credit include:

•Â Credit cap is equal to the lesser of 5 percent of the purchase price or $10,000, and is disbursed in equal installments over three consecutive years.

•Â Purchasers are required to live in the home as their principal residence for at least two years, or forfeit the credit (i.e., repay it to the state).

•Â There are two different types of qualifying purchases: a single-family residence purchased by a first-time homebuyer (taxpayer who has had no ownership interest in a principal residence in the last three years) and a new single-family residence (home that has not been previously occupied).

•Â Credit is for purchases of qualified homes between May 1 and Dec. 31, 2010.

•Â Taxpayers may reserve a credit prior to the close of escrow for the purchase of a new home if the taxpayer and seller jointly sign and submit to the Franchise Tax Board a certification stating that they entered into an enforceable purchase contract on or after May 1 and on or before Dec. 31.

•Â Credit is available on a first-come, first-served basis.

Bell said Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state homebuyer tax credits, but buyers need to study the rules of both tax credits carefully.

To take advantage of both tax credits, a first-time homebuyer must enter into a purchase contract for a principal residence before May 1, and close escrow between May 1 and June 30, inclusive. Buyers who are not first-time homebuyers may use the same time frames to receive up to $16,500 in combined tax credits if they are longtime residents of their existing homes as permitted under federal law, and they purchase properties that have never been previously occupied as provided under California law.

Under the federal law slated to expire, a first-time homebuyer may receive up to $8,000 in tax credits and a longtime resident may receive up to $6,500, for certain purchase contracts entered into by April 30 that close escrow by June 30. Additionally, under a newly enacted California law, a homebuyer may receive up to $10,000 in tax credits as a first-time homebuyer or buyer of a property that has never been occupied. Other terms and restrictions apply to both tax credits.

“Much has been said about receiving $18,000 in combined homebuyer credits for a limited time, but timing is essential,” Bell said. “I would proceed with caution and consult your realtor and an experienced tax adviser if you think you will be able to qualify for both credits.”

For more information, visit www.ftb.ca.gov.

The Silicon Valley Association of Realtors provided information for this article. Contact Rose Meily at This email address is being protected from spambots. You need JavaScript enabled to view it. .

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