Posts Tagged ‘Culver City history’

California Real Estate buyer tax credit

March 3, 2010

H.R. 3548 provides both for the extension of the first-time homebuyer tax credit and expansion of it to qualified non-first-time buyers as well.  A few of the provisions of this new law include the following: 

(1)  Both the $8,000 first-time homebuyer tax credit and the $6,500 tax credit for “move-up” buyers (see 4 below) would sunset on April 30, 2010. However, purchasers who have binding contracts as of April 30, 2010 (before May 1, 2010), would still qualify for the credit as long as they complete the transaction within 60 days (or June 30, 2010).

(2)  The amendment establishes income limits of $125,000 for an individual or $225,000 for a couple for both credits.

(3)  The cost of the home being purchased cannot exceed $800,000 for both categories in order to be eligible for the credit. 

(4)  “Move up” buyers (an individual or his/her spouse, if married) are qualified if he/she “has owned and used the same residence as such individual’s principal residence for any 5-consecutive-year period during the 8-year period ending on the date of the purchase of a subsequent principal residence.”

For purchases made in 2010, taxpayers would be able to claim the credit on their 2009 income tax return. Homebuyers would not have to repay the credit, provided the home remains their principal residence for 36 months after the purchase date. However, this recapture provision would not apply in the case of a member of the Armed Forces, military intelligence or Foreign Service who is on qualified official extended duty. In addition, members of the military who have been deployed overseas for 90 days or more in 2008 or 2009 would have until April 30, 2011, to claim the homebuyer tax credit.

The amendment also includes anti-fraud language that gives the IRS the authority to do greater oversight during the processing of the return rather than waiting for an audit situation. The amendment requires the taxpayer claiming the credit to be 18 or older and requires a HUD-1 settlement statement to be attached when claiming the credit.

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Epoxybox celebrates new location on Lincoln

September 19, 2009

Lola and meAfter the Envionemtal meeting in WLA you can hop over to Venice to  the new Epoxybox showroom..  2434 Lincoln.  Parking on Lincoln and Venice or valet parking at the Venice United Methodist Church, located at Lincoln and Victoria.

 September 24th at 6:30 p.m. for the grand opening of their new location in Venice in the Oragne Office building.  The  new, expanded space includes a separate department for trade and large build along with the many products for homeowners and smaller projects that were available at the old space on Abott Kinney and Venice.  And a new lighting department with fixtures from Light Green,  purveyors of the largest array of green lighting fixtures.  They  also now have a kitchen cabinet department on site in cooperation with Bradco Kitchens.  Bradco on Pico has so many  great kitchen cabinets.

Culver City Garden Club

March 28, 2009

Culver City Garden Club Will Hold a Potluck Tuesday, April 7, 2009 at 7:00 PM in the Garden Room of the Culver City Veterans’ Building Plant “Show, Tell & Ask” & Raffle Table It’s time to look around your garden to discover plants for entry in the Show or to donate for Club sales. Remember that to enter a plant in the Show; you must have had it in your possession before April 1! Our President, Willie Tarver, is bringing BBQ Ribs from his BBQ Pit for us! For Our Cinco de Mayo (May 5) Meeting: “Edible Landscaping: Vegetable, Fruit & Herb Gardening”, with our own Deni Friese from Custom Landscaping. Don’t forget that the Club voted to start a HomeHarvest program. If you’ve got too many vegetables or fruits at one time, let us know and we’ll put together a harvest party. We’ll donate the results to local food banks, etc. Also remember we’re donating small gifts (ie. baskets with a coffee mug, small plant or fruit to Club supporters and need gift items.

There is an annual show.

Annual membership: $10.00/person or $18.00 for 2 people.

cid_image610Donna Benton

310-398-2332

Downtown Culver City

March 16, 2009

Sunday, I was invited to the Culver Hotel in downtown Culver City in the middle of the day.  If you have not been to downtown Culver City now is the time to go.  When the matinee at the Kirk Douglas Theatre lets out there is a lot of hustle and bustle.  Attendees are milling around trying to decide which restaurant to choose.  And there are numerous restaurants with outdoor seating that line Culver and Washington Boulevard.  Aside from the Kirk Douglas Theatre which used to be the old Culver Theater there is the Ivy Substation, where the Actors’ Gang Ensemble is the resident company.  .Media Park is next to the Substation and there is a Trader Joes across the street.

 

The Historic Culver Hotel is known as the hotel that hosted the Munchkins during the filming of “The Wizard of Oz”.  MGM Studios used to be up the street, but it is now owned by Sony.  It is a lovely “sliver” building much like the Flatiron building in New York City, triangular in shape.  We had a corner of the lobby to ourselves and the kitchen set up a lovely appetizer table, cocktails were orderrd from the bar and a piano was played in the background.  The interior was very light and with very high ceilings.

 

Take a trip down the yellow brick road in Culver City.

 

Donna Benton

310-398-2332