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LOCAL REAL ESTATE LISTINGS PHOTO PAGES & FEATURES
Boxholder Rancho Santa Fe CA 92067
SECTION B
ECRWSS
Volume 31 Number 27
Providing The Ranch with Three Decades of Quality Journalism
Association board OKs Golf Club loan
Celebrity Golf Classic
See LOAN, page 26
BY KAREN BILLING As the Rancho Santa Fe Association Board of Directors gears up to put the Osuna property home on the market, they had an expert come to the March 15 Association meeting to hear an update on local real estate trends. Rick Hoffman, chief operating officer and president of Coldwell Banker in San Diego, said that while it’s been a rough few years, the market is somewhat stabilized in the county and Rancho Santa Fe remains one of the ideal destinations. “Rancho Santa Fe has
always been a sweet spot for people to live in,” said Hoffman. “It remains the quiet jewel of San Diego County.” The Association put out a request for proposal (RFP) earlier this month to local real estate firms to find someone to represent the Association as they sell the 3.3-acre property. Part of the RFP is determining whether to list the home as is or perform renovations and how that will effect the listing price. Companies will be invited to tour the house on See JEWEL, page 26
March 22, 2012
A conversation with Rep. Darrell Issa 49th District incumbent discusses redistricting, contraception hearings
BY KAREN BILLING The Rancho Santa Fe Association will pay off the RSF Golf Club’s $1.6 million debt from one of two loans taken to renovate the clubhouse in 2006. The Association will loan the club that amount with a fixed interest rate of 2 percent. The board approved the loan and new terms of the note in a 5-2 vote on March 15, with directors Eamon Callahan and Dick Doughty voting against it. In order to complete the golf club’s complete renovation of the clubhouse, an $11,833,000 project, the club took out two loans. The first, taken out in 2005 was for $6 million and provided the bulk of the renovation funds. The terms of the loan were two years interest free followed by a 25-year amortization. The note carries a variable interest rate with a 4 percent floor and a ceiling of 7.75 percent in years 11 through 25. The required monthly amortizing payment on the loan is $31,757 and a balance of $5,462,858 million as of Feb. 1.
RSF is county’s ‘quiet jewel,’ real estate expert tells board
PRESORTED STANDARD U.S. POSTAGE PAID RSF, CA PERMIT 1980
Former San Diego Charger Leslie O’Neal takes a swing at Fresh Start Surgical Gifts’ 20th annual Celebrity Golf Classic on March 19 at Morgan Run Club & Resort. See pages B1 and B10. PHOTO: JON CLARK
BY JOE TASH Representative Darrell Issa, a Republican, has represented California’s 49th Congressional District for the past 12 years. This year, as a result of redistricting following the 2010 U.S. Census, the 49th District will shift to include Rancho Santa Fe, Solana Beach and Del Mar. After Republicans took over the House in 2010, Issa became chairman of the high-profile Committee on Oversight and Government Reform, where he has held hearings on such topics as the Justice Department’s Operation Fast and Furious, and the recent debate over whether religious institutions such as the Catholic Church should be forced to offer contraceptive coverage to employees of church-owned universities and hospitals. Issa said his new district includes only about 31 percent of the territory from his old district. The change also signals a shift in party registration: the old 49th District included 45 percent Republicans and 28 percent Democrats, while the new district has 40 percent Republicans, 30 percent Democrats and 24 percent with no party preference, according to the San Diego County Registrar of Voters. Issa will face three challengers
Darrell Issa
PHOTO: JON CLARK
in June’s open primary election, in which voters can cast their ballot for any of the candidates, regardless of their party registration. They are Dick Eiden, retired attorney/poet, no party preference; Albin Novinec, U.S. Marine, no party preference; and Jerry Tetalman, registered nurse/Realtor, Democrat. Recently, we sat down with Issa in his Vista office for a Q & A session. The interview has been edited for brevity. Q. So this is your second time going through redistricting? A. Exactly. My first term was See ISSA, page 22
Shuttles offered for Rowe memorial
Roger Rowe
The memorial for Roger Rowe is expected to draw more than 1,200 people so a shuttle service and special parking areas have been organized for attendees. The memorial to celebrate Dr. Rowe, who passed away on Feb. 2 at the age of 82, will be held on March 31 at 1 p.m. at the Village Presbyterian Church (6225 Paseo Delicias, Rancho Santa Fe, CA 92067; 858756-2441). There will be five parking areas other than the Village Church lot: the First
Church of Christ, Scientist on La Flecha, the RSF Garden Club, the Association office, R. Roger Rowe School and the Dacus property on El Fuego. Shuttle service will be provided from the Association, the school and the scientist church. A parking attendant will be at each shuttle stop. The Village Church will also have four parking attendants, one at each entrance. There will be additional handicapped spaces available at the church on a first-come, first-served basis.