News Archive (6192)
Sutter Gold Mining stock begins trading on a U.S. electronic stock market
Written by TomAmador County – Sutter Gold Mining Incorporated announced last week that its stock is now trading on OTCQX, the top tier of the U.S. “Over-the-Counter” electronic market, under the symbol SGMNF.
Robert Hutmacher, Chief Financial Officer, said investors can find current financial disclosure and “Real-Time Level 2 quotes” for the Company online at OTCMarkets.com. He said “OTC Markets Group Incorporated is the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade over-the-counter stocks.”
R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group said OTCQX “provides services to companies which enable them to communicate with and engage their investors, while providing them with transparent trading and easy access to company information.” Colson said they are “pleased to welcome Sutter Gold Mining.”
Sutter Gold Mining President & CEO Dr. Leanne Baker said joining OTC Markets “is an important milestone for Sutter.” She said “our flagship project, the Lincoln Project in Amador County … is advancing toward production in 2012.”
Baker said trading on OTC Markets “will enhance the ability of the United States investment community to trade our shares as we bring online the first commercial gold mine in California’s historic Mother Lode in more than 50 years.”
Merriman Capital Incorporated will serve as Sutter’s Principle American Liaison on OTC Markets, responsible for providing guidance on the company’s requirements and U.S. securities laws.
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LAFCO will take up the Plymouth annexation issue next week
Written by TomAmador County – The Amador County Local Agency Formation Commission returns to a public hearing next week to consider the annexation of two residential development project areas into Plymouth city limits.
Amador LAFCO’s oversight board on Thursday, Jan. 19 will consider the annexation requests by the city, for two properties owned by Bob Reeder, to be developed by his company, Reeder Sutherland Incorporated. In December, LAFCO approved Plymouth’s request to amend the city’s “Sphere of Influence” to include the two properties, and continued the public hearing to January to consider the annexation.
Plymouth City Manager Jeff Gardner said “the annexation is going to happen.” He invited anyone who wanted to comment on the issue to come to the meeting, 6 p.m. Thursday, Jan. 19, in the supervisors’ chambers. The Plymouth annexation is the only item on the agenda.
Gardner said LAFCO Executive Director Roseanne Chamberlain told him that in 22 years of doing this, the Reeder projects and annexation package have been “the most well coordinated thing she has seen going through LAFCO.” Gardner said Reeder is a pleasure to work with, pays his bills, and when the city asks him to do something, he does things immediately. Gardner anticipated that good relationship would continue as the projects progress.
Reeder and partners, including Stefan Horstschraer and Joseph Merten are invested in Amador County and want to see the projects succeed, Gardner said, and Plymouth water and sewer ratepayers also want to see the projects succeed, because this “could ultimately lower the sewer and water rates.” He said it costs a lot for the city to provide those services to 437 households.
If LAFCO approves the annexation next Thursday, the next step is to finalize the “Development Agreement” between the city and the developers. “We are now down to the last several tweaks,” Gardner said. He expected the Development Agreement to be on the first agenda in February for Plymouth City Council consideration.
Once the Development Agreement is finalized, he said a 90-day period follows during which the agreement can be challenged. After that, the developers would then be able to start preliminary engineering and work toward getting an encroachment permit from Caltrans. The permit is expected to take a year, for the main entry to the Zinfandel project on Highway 49, further down from the hardware store. Reeder already has an agreement with the owners for a property swap for the entry road.
After engineering and the Caltrans encroachment, Gardner said Reeder “would like to get going in 2013 on the development.” The 25-year, phased projects include the smaller Shenandoah Ridge, which has larger homes, slated for 137 units. The larger Zinfandel, on the southwest side of town, would have 365 lots.
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Jackson wins a $326,000 grant to refurbish Vista Point
Written by TomAmador County – The city of Jackson learned recently it has been awarded a $326,000 refurbishment grant for Vista Point, to enhance the park, with more accessible viewing areas, lighting, a drinking fountain and bathrooms and interpretive signage.
Councilman Keith Sweet said Tuesday the city will be awarded in March for a grant he and local consultant Rene Chapman applied for refurbishing Vista Point.
City Manager Mike Daly said the project received a grant from the Natural Resources Agency and California Department of Transportation, for improvement at the roadside park, next to Highway 49, below Argonaut Mine, and across the highway, overlooking the Kennedy Mine head frame and acreage.
Daly said California Transportation Commission will make final allocation of the grant at the end of March, and they hope to start construction in the summer. It will work with Rotary, Hospice and American Legion to preserve markers there, and add and a stone observation wall and interpretive signage for self-guided tours highlighting the gold mining and other historic locations of the area, including both those in view, and those out of the area. Daly said the “environmental enhancement mitigation program” will mitigate impacts from construction of the Highway 49 Bypass, because it bypasses some important historic sites in Sutter Creek, such as the Knight Foundry, and others around the county.
Daly said the grant was 100 percent funded, meaning there was no match that the city needed to put up to receive the funding. Sweet said the Jackson Revitalization Committee is also working on putting in a new gateway sign at Vista Point.
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Jackson Rancheria plans a Feb. 9 dedication of the Margaret Dalton Children’s Center
Written by TomAmador County – The Jackson Rancheria Band of Miwuk Indians will hold a dedication ceremony for the Margaret Dalton Children’s Center on Thursday, Feb. 9, at 11 a.m. The center is located at 975 Broadway St. in Jackson.
The center is named for the former Tribal Leader in honor of her lifetime commitment to the children and youth of Amador County. The date of the dedication is her birth date and has been designated Founder’s Day at Jackson Rancheria Casino.
The ceremony will include a dedication by Jackson Rancheria CEO Rich Hoffman and a Ribbon Cutting by Tribal Council members Bo Marks and Robert Dalton, followed by birthday cake for everyone.
The center is home to the Amador Parent Cooperative Preschool, the offices of First 5 Amador and the Amador County Child Abuse Prevention Council, plus it has community meeting space.
The public is welcome at the dedication ceremony.
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Amador County – The U.S. Forest Service is planning to take advantage of unusually dry winter conditions to resume prescribed, “low-intensity” burning in several locations in the El Dorado National Forest this week, including up to three miles along Mormon Emigrant Trail.
Smoke may potentially be visible for days after the nine-day planned burn. Theresa Reisenhuber of the El Dorado National Forest’s Placerville office announced plans for the prescribed burning, slated for the next nine days starting Tuesday, Jan. 10 through Jan. 18. She said fire management crews are preparing to burn three miles of National Forest Lands located off the Mormon Emigant Trail. Approximately, 1,100 acres may be burned with a low intensity fire in the vicinity of Brown Rock and Meiss Road.
Fire crews may also manage prescribed fires near Georgetown in the vicinity of Darling Ridge on Jan. 17 or 18, if weather and air conditions are right.
¶ Reisenhuber said “smoke from the Mormon Emigrant Trail burn should be visible for quite a distance from the fire. The Forest Service must comply and coordinate with state and local county air pollution control districts.”
Smoke may continue for days after actual ignition because of the large scale of these projects. The Forest Service recommends that people living in or near the forest contact the nearest ranger station if they have respiratory illness or think the smoke might adversely affect them. These people will be placed on a “Sensitive Persons List” and will be notified of impending prescribed burning projects.
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Ag Secretary to appoint national planning rule advisory committee
Written by TomAmador County – The USDA Forest Service is seeking to implement the National Forest System Land Management Planning Rule, with the Secretary of Agriculture intending to establish the National Advisory Committee, through the Federal Advisory Committee Act.
The discretionary advisory committee will report to the Secretary of Agriculture through the Chief of the Forest Service. Its purpose is to “provide advice and recommendations on implementation of the Planning Rule.”
A Dec. 29 Federal Register notice called for nominations, saying the Committee would “review the content of and provide recommendations on directives related to implementation of the planning rule … based on lessons learned and best practices from on-going or completed assessments, revisions, and monitoring strategies.”
The committee would “offer recommendations for consistent interpretation of the rule where ambiguities cause difficulty in implementation of the rule; and offer recommendations for effective ongoing monitoring and evaluation, including broad-scale monitoring, for implementation of the planning rule.”
The committee would also “offer recommendations on how to foster an effective ongoing collaborative framework to ensure engagement of federal, state, local and tribal governments, private organizations and affected interests, the scientific community, and other stakeholders.” It would “offer recommendations for integrating the land management planning process with landscape-scale restoration activities.”
Federally registered lobbyists are not eligible for the Committee, which will meet 3-4 times annually or as needed. Any individual or organization may make nominations, or individuals may nominate themselves.
Committee members “will serve without compensation, but may be reimbursed for travel expenses while performing duties on behalf of the Committee, subject to approval by the (Designated Federal Official).”
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Tax group warns that tax initiatives are built into latest California budget
Written by TomAmador County – Howard Jarvis Taxpayers Association President Jon Coupal responded last week to the Governor’s proposed budget for 2012-2013, saying taxpayers are being “held hostage” by a “sham budget.”
David Wolfe, Legislative Director of Howard Jarvis Taxpayers Association, said he helped draft Coupal’s column, which ran Friday on Flash Report. Wolfe said it is “a good update on the fiscal state of California,” and shows the “obvious contrast of what will be on the November ballot, namely taxes v. spending cap.”
Coupal in the column said Gov. Jerry Brown made a “ransom demand to Californians” as if to say: “Vote for more in taxes or I’ll cut $5 billion from education.” Coupal wrote: “Upon hearing the threat, citizens across the state yawned and then went about their business knowing that the gun pointed at their wallet wasn’t even loaded.”
He wrote that “Brown’s proposed tax hike wasn’t really a surprise as just a few weeks ago he laid out the plan to increase income and sales taxes on Californians by $35 billion over five years. If this sounds familiar, it should. These are the very same taxes voters rejected less than three years ago by a two-to-one margin,” and “voters have rejected the last seven tax hikes dating back to 2006.”
Coupal said the “Governor not only assumes that voters will approve taxes, but he is so confident of this that he built the revenue into his budget. Brown envisions a 7 percent hike in spending for 2012-2013, the largest annual increase in six years.”
Coupal said “revenues have increased more than 3 percent and the unemployment rate has declined to 11.3 percent, the lowest level in nearly three years,” and Brown would “choke off this fledgling economic recovery with taxes” because “California politicians lack the intestinal fortitude to live within their means.”
Coupal said “the Governor talks a good game” of paying down the state’s “wall of debt,” but “he followed that up with asking for a $12 billion water bond,” and continued to support the High Speed Rail program “and a cap-and-trade” that will “drive Californians’ energy costs through the roof.”
Coupal said “vast sums of their taxpayer dollars are being wasted” and “voters will be reminded” by his group that “they are not under-taxed” but “our government leaders simply are not good stewards of their tax dollars.”
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Forest Service seeks California nominations for a federal ‘Planning Rule’ advisory committee
Written by TomAmador County – The U.S. Forest Service last week announced opening of a nomination period for a newly-forming advisory committee to guide management of national forests and grasslands.
Sacramento Regional Representative Mike Chapel last week announced the nomination period and asked recent forest dialogue participants to “please let us know if you, or others from your organization, apply for the advisory committee.”
Jessica Call, Forest Planning Specialist said: “We want to get a broad and diverse applicant pool” and said “it would be great to have some California representation on this.” Members selected to serve on the “National Advisory Committee for Implementation of the National Forest System Land Management Planning Rule” will “advise and give recommendations to the Secretary of Agriculture and the Chief of the U.S. Forest Service on matters related to the implementation of the new planning rule.”
Call said the committee will be comprised of up to 21 members with diverse backgrounds, who represent the full range of public interests in management of National Forest System land and who “represent geographically diverse locations and communities,” within each of three categories of interests. Up to seven members will represent one or more categories including the affected public at-large, or will hold state-, county, or locally elected office, or represent American Indian Tribes or youth.
Up to seven members will be selected from one or more groups, including national, regional, or local environmental organizations; conservation organizations or watershed associations; dispersed recreation interests; archaeological or historical interests; or the scientific community.
Up to seven representatives will be selected from industry groups, including timber; grazing or other land use permit holders or other private forest landowners; energy and mineral development; commercial or recreational hunting and fishing interests; or developed outdoor recreation, off-highway vehicle users, or commercial recreation interests.
The committee will provide advice and recommendations on issues such as planning rule directives for implementation, best practices, effective monitoring practices and ongoing collaboration efforts. Call said the announcement of this committee builds on the Agency’s efforts to develop a new Land Management Planning Rule for the National Forest System.
The 45-day nomination period closes Feb. 21. Additional details on the committee and application form are available at the Forest Service planning rule website, or by calling (202)205-0830 or (202)205-1056.
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Governor’s draft 2012-2013 budget would reorganize and shrink state government
Written by TomAmador County – The Governor’s budget proposal last week included a plan to reorganize 12 state agencies into 10, and eliminate 39 state entities, and 9 programs.
Gov. Jerry Brown in the transcript said $15 billion dollars in cuts to the state budget last year eliminated 15,000 positions in 2011-2012. The proposed 2012-13 budget cuts would have the Department of Finance conduct “department-by-department review to identify additional positions for elimination and permanently reduced positions to reflect the smaller size of state government.”
Brown said the budget “keeps the cuts made last year and adds new ones” and “without some new taxes, damaging cuts to schools, universities, public safety and only our courts will increase. That is why I will ask the voters to approve a temporary tax increase on the wealthy, a modest temporary increase in the sales tax and to guarantee that the new revenues be spent only on education.”
He also asked “that the voters guarantee ongoing funding for local public safety programs” in a ballot measure, which “will not solve all of our fiscal problems, but it will stop further cuts to education and public safety and halt the trend of double-digit tuition increases.”
Brown’s proposals include eliminating California Emergency Management Agency and making it an office reporting directly to the governor. Agency restructuring would creating one “Transportation Agency,” combining Caltrans, DMV, the “High Speed Rail Authority,” CHP, the California Transportation Commission and the Board of Pilot Commissioners.
Another reorganization would create the “Government Operations Agency,” combining departments of General Services, Human Resources, Technology, Administrative Law, Public Employees Retirement System, State Teachers Retirement System, State Personnel Board, and Government Claims Board, with a newly restructured “Department of Revenue.”
Brown’s budget would create a “Business and Consumer Services Agency,” made up of departments of Consumer Affairs, Housing and Community Development, Fair Employment and Housing, Alcoholic Beverage Control, and a new Department of Business Oversight.
The budget would transfer Infrastructure Bank, Film and Tourism commissions, Small Business Centers, and the Small Business Guarantee Loan Program into a new Governor’s Office of Business and Economic Development.
The budget would eliminate the Departments of Mental Health and alcohol and drug programs, dividing those responsibilities among departments of health services, public health, social services, education, and health planning and development, and the Mental Health Services and Oversight Accountability Commission.
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Kirkwood Resort received top marks for environmental stewardship
Written by TomAmador County – The Ski Area Citizen’s Coalition (SACC) recently released the yearly Ski Area Environmental scorecard for 2011 placing Kirkwood Mountain Resort among the top ranked facilities, with an overall “A” rating and score of 80.1 percent.
Kirkwood was the fourth best rated among 19 California resorts, and held the 12th best rank among 83 ski resorts rated nation-wide by SACC.
Kirkwood Vice President Michael Dalzell announced the ratings last week, saying that the Coalition “releases their scorecards grading ski resorts nationwide on the environmental impact from operations. Scores are based on strict criteria including: preserving land, renewable energy usage, community sustainability and more.”
Ski Area Citizens Coalition categorical rankings showed Kirkwood scored the best in protecting watersheds, and water quality, at 94 percent, and also received “A” scores in addressing global climate change and environmental policies and practices, and a “B” in habitat protection.
Mike Richter, Director of Environmental Affairs at Kirkwood Mountain Resort said it was “great to be recognized for our environmental efforts.” Richter said “environmental stewardship and minimizing our impact on the environment has been an area of focus for Kirkwood over the past five years and our efforts are having a positive impact.”
Dalzell said a prime example of a program “undertaken since 2006 is Kirkwood’s operational philosophy focused on conservation programs that have resulted in cutting the resort’s water and energy usage by nearly 50 percent.”
Other notable initiatives Kirkwood has taken over the past few years includes a very successful employee and guest car-pooling and ride share program. Dalzell said they are also “being a leader” in supporting organizations that protect the environment such as National Forest Foundation and Bonneville Green Tag program in which Kirkwood is one of North America’s top contributors.
Kirkwood’s score of 80.1 percent was fourth best among the 19 California resorts graded by SACC. Squaw Valley was the best ranked in the country, and in the state, with a 92.1 percent grade. Kirkwood also had the 12th best grade of the all 83 resorts graded, among the 11 states in the rankings.
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