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Committees

1st Friday Education

8am Union Bank Tennant Station

2nd Thursday Environmental

Affairs 8am Union Bank Tennant Station

3rd Thursday Economic

Development 8am Union Bank Tennant Station

2nd Thursday Ambassadors

Noon at the Chamber office

Chamber Calendar

1st Thursday Good Morning

Morgan Hill Community and Cultural Center

3rd Thursday After Hours

Networking Mixer Outdoor Sports

Center

Every Monday Let’s Do Lunch

May 2014

“Every Business Has a Story to Tell” by John Horner, CEO

17485 Monterey Road, Suite 105

Morgan Hill, CA 95037

Phone (408)779-9444, Fax (408)779-5405

Morganhill.org / info@morganhill.org

http://www.facebook.com/MorganHillChamber

One of the things I most enjoy about my job is the opportunity to hear some of

the fascinating stories about how local business people got to where they are. We

are fortunate to have a host of accomplished people throughout Greater Morgan

Hill, and these people are the bedrock of local employment. From the amazing

family history behind the Guglielmo Winery to the multi-national footprint of

companies like Anritsu and Sakata Seeds, Morgan Hill is blessed with an out-

standing diversity and quality of businesses and business people.

Going forward, we are launching a project to collect and distribute your stories

both for the general education of the community and to use as an economic de-

velopment tool. When businesses make plans to locate and/or relocate themselves we need your suc-

cess stories to inspire the decision makers. Collecting and sharing these stories has become one of the

key projects of your Chamber Economic Development Committee. Fortunately Morgan Hill Life edi-

tor Robert Airoldi is an active member of this committee, and he and his organization have stepped up

to run this project. Robert plans to start a series of interviews asking the question: “How did your busi-

ness develop in Morgan Hill?” These stories will both be published in Morgan Hill Life and submitted

to larger regional publications. We will also be shooting and editing short companion videos to share

broadly through our various websites, YouTube and so on. Do you have an interesting story to tell

about yourself and your business? If so, contact Robert or myself and we will see if we can get you

into the queue for this project.

One more timely story I want to tell is about regional engagement. More and more, the challenges we

face as business people and residents go well beyond any particular civic boundary lines. Water, trans-

portation, economic vitality, land use and other issues do not start and stop at particular city or county

boundary lines. Real progress requires working together. Towards that end, the Morgan Hill and

Gilroy Chambers of Commerce have been working every more closely together to serve the businesses

of our South County Region. For example, we are now alternating hosting Small Business Develop-

ment Center educational workshops. We have also been learning from one another in areas like politi-

cal action, were Gilroy has taken the lead, and education/schools engagement where Morgan Hill has

started projects Gilroy is learning from. Gilroy’s CEO Mark Turner and I have met repeatedly both

formally and informally to continue advancing the cause of business vitality for the entire South

County. Further afield, we engage with the entire Silicon Valley Chambers of Commerce organization

to further our reach. Thanks to that engagement, this coming September we will all be joining together

to have a regional mega-mixer at Guglielmo winery just a week before the Taste of Morgan Hill. You

are not going to want to miss that September 18th mixer.

Between now and September we have a host of opportunities and activities going on throughout our

area. You can learn about many of them in the pages ahead. Thank you!

May 21st, 2014 5:30pm-8:00pm Cost: $15 per person including light dinner Facilitator: Mary Hiland, Ph.D

Purpose: to educate non-profit board members and executives on the hows and whys of building and sustaining a diversified and

highly effective board & to provide an opportunity for the many non-profits in our region to get to know one another’s leadership

better in order to enable greater cooperation through communication.

Participants will learn: how board service in nonprofits creates powerful impact; what’s in it for you as a board member; What

does a high performance board look like, and how do you get there; the characteristics of high value boards and more!

Building Your Board, Nonprofit Basics and Beyond

Meet a New Member Team: Regent Wealth Management by Suzanne Barrett, Chamber Ambassador

Page 2

Take advantage of PG&E rebates before Title 24 goes into effect

After years of using the financial strategies himself, Don Bergis established his company

fifteen years ago: Regent Wealth Management. Jared Elson left the tech industry and joined

him eight years ago to form a successful partnership. They maintain offices in Morgan Hill

as well as Campbell, and the entire staff is excited about building their business locally here

in Morgan Hill.

Together they focus on the client’s needs to provide services and act as personal CFOs to

provide the client with the best choices. This means helping each client’s desire to under-

stand and reach their golden dream of financial security. They are currently interested in

marketing clients ages 20-45. Together they are constantly evaluating their training and edu-

cation programs to develop resources relevant to their client’s needs.

Don and Jared sponsor a weekly radio program titled “Retirement Symphony” on Saturday

from 10-10:30am on KFAX (100 AM) and Sunday from Noon-1pm on KNEW (960 AM).

They also offer general financial planning seminars and support Operation Freedom Paws, a

local charity that matches veterans with service & companion

dogs.

Regent Wealth Management also offers community events. The

next one is their Free Shred Day, May 18th from 11:30am-

3:00pm at their offices at 1295 East Dunne Ave, Suite

200. If you need documents shredded, please go!

They can reached at 877- 457-4567

or by visiting www.regentwm.com

Adopt-A-Planter!

Have you noticed the flower filled planters lining Monterey Road and the side streets of

downtown Morgan Hill? Those flowers are there because of a program called “Adopt-A-

Planter”, which is organized by the South Valley Fleurs Garden Club in coordination with

the City of Morgan Hill. Cal Color, a local grower, donates all those flowers. Then a team

of awesome volunteers plant them, 3-4 times a year. Volunteers are needed to plant and

maintain a planters in the downtown area. Would you like to help? There are planters and

plants available now! It’s a fun way to help beautify the community you call home. So

adopt a planter (or two!) today!

For more information please email: adoptaplanter@yahoo.com

or call Susan at 408-528-5568 or Irene at 408-776-2933

2014 Board of Directors

Rich Firato Firato Janitorial Services

Chairperson

Robert Airoldi Morgan Hill Life

Vice Chair

Phil Couchee Recology South Valley

Treasurer

Fawn Myers MHUSD

Board Secretary

Ed Machado Commonwealth Credit Union

Tim Hennessey Associate Member

Greg Richtarek Guglielmo Winery

Scott Wilson Santa Clara Valley Water

District

Marian Tankersley Intero Real Estate

John Varela Asset Conversion Corp.

Danielle Davenport South Valley Angel Investors

Sam Kabert Value Business Products

Dusty Perryman Digital View

Sunday Minnich Minnich Productions

Chamber Staff

John Horner President & CEO

Janis McDonald Operations

Erin Machado Membership

Holly Horner Publications

Pat Catanzaro Finance

Effective April 22, restaurants and other local food providers may no

longer serve or dispense food in polystyrene foam. Banned foam materi-

als include cups, clam shells, bowls, plates, sauce containers, etc.

Why the change? Foam products frequently become litter. One polysty-

rene container, run over by a car and broken into many small pieces, is

almost impossible to remove from a storm drain or creek. Polystyrene

foam does not biodegrade and frequently gets ingested by wildlife.

Leftover, never used foam service ware may be donated to the Resource

Area for Teaching, a non-profit organization. Contact RAFT at 408-451-

1420 or raft@raft.net for more information.

Bag rules don't apply to restaurants! The new rules covering single use

carryout bags do not apply to restaurants. Restaurants may continue to

provide paper or plastic bags at no charge. We encourage you to ask patrons if they need a bag, rather than automati-

cally providing one.

Questions? Contact the City of Morgan Hill Environmental Services, environ@morganhill.ca.gov or 408-776-7333.

Page 3

Take advantage of PG&E rebates before Title 24 goes into effect

Reducing your energy use is one of the best ways to manage your bottom line. Your partners at PG&E want to make

sure you have all of the tools available to reach your business goals.

Beginning July 1st, 2014, new 2013 California Building Energy Efficiency Standards

(Title 24) will go into effect. Title 24 sets the guidelines for building design, operations

and efficiency throughout the state. Changes to Title 24 will modify some of the incen-

tives available from PG&E, which may impact your future energy efficiency projects.

Now is the time to take advantage of incentives that will be discontinued or changed as

of July 1, 2014. These include:

Lighting Controls ($5-$50/sensor)

Bi-Level Stairwell/Hall/Garage Fixtures ($15/fixture)

Low Wattage T8 Lamps ($1-$1.50/lamp)

Linear Fluorescent High Bays ($20-$150/fixture)

High Performance Troffers ($17.50-$20/fixture)

Contact your local PG&E account manager to discuss how you can take advantage of

these incentives before code changes go into effect. We can even help you finance facil-

ity improvements without large outlays of cash. With Energy Efficiency Financing,

PG&E will finance the project and you pay the loan – interest-free – through your

monthly utility bills (exceptions may apply).

If you are interested in learning more about the coming Title 24 changes, scheduling an

appointment to discuss energy efficiency and/or receiving a rate analysis, please contact

Charlene Iwata at 831-206-7297 or via email: Charlene.Iwata@pge.com

Anything But Foam

It’s a funny story how the idea for the Morgan Hill Chamber of Commerce’s “The Cove

Goes Western” came about. A few years ago the TV series “Dallas” came back on televi-

sion. I was watching it and it got me thinking that I would like to have a day where I could

have a big barbeque at the Morgan’s Cove “theme park” and everyone could wear a cowboy

hat and a big belt buckle like the characters on the TV series. That really kind of gave me

the inspiration for this fundraiser where local cowboys and cowgirls—or everyone who

would like to dress up in western attire for an evening—could enjoy a fun night with friends.

The Cove Goes Western had it’s inaugural event last year and guests really enjoyed the experience of combining a

Peter Pan pirate land adventure while dressed up like Billy the Kid or Annie Oakley. This year’s event will be held

on May 17th starting at 5pm. Tickets are $60 per person and include a barbecue dinner by Fire4Hire, dancing to

live music, and a drink ticket for wine, beer, or a nonalcoholic beverage.

Money raised will be used by the Chamber to put on the

Friday Night Music Series, which runs from June 13th to

August 29th, as well as the start-up costs for the annual

Taste of Morgan Hill, which will be held the last weekend

of September.

This year’s Cove Goes Western will feature the musical

talents of Morgan Hill Life’s Mark Fenichel and Scott

Miller as well as the main act: Los Angeles musicians Mi-

chael Gurley and J.D. Bender. Gurley has played for more

than 30 years and also composes music, including the

theme song for Disney’s “American Dragon: Jake Long”.

This year’s performers were arranged by Morgan Hill’s ARTTEC.

If you’ve never been to Morgan’s Cove, the Cove Goes

Western event is a great way to introduce yourself to

this unique pirate “theme park, which is nestled into a

quiet Morgan Hill Neighborhood. Morgan’s Cove is a

place you have to really visit to understand why it at-

tracts people with an adventurous character who want to

immerse themselves in the world of pirates. Its center-

piece is a pirate ship placed next to a small lagoon.

Other attractions include a Captain's Quarters, a poppy

jasper mine, and a treasure cave. There are also a few

new attractions at Morgan’s Cove that will be a fun sur-

prise for people attending The Cove Goes Western

fundraiser.

If you have not seen Morgan’s Cove and you want to experience it, you and your friends now have a chance to dis-

cover it in living color on May 17th. For more information about The Cove Goes Western, go to

www.morganhill.org or call 408-779-9444. Page 4

“A Brief Overview of The Cove Goes Western” by Rich Firato, Board Chair

Phenomenal LIVE Music by

Now you just have to go to The Cove Goes Western!

$60 tickets www.morganhill.org

or call 408-779-9444.

May 17th 5pm-10pm

Mark “Fenny” Fenichel & Scott T. Miller

Michael Gurley & JD Bender

Delicious BBQ provided by

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Chamber Events

After Hours Networking Mixer

Sponsored by Outdoor Sports Center 16500 Condit Rd, Morgan Hill, CA 95037

Thursday, May 15th, 5:30-7:30PM

Meet new friends & expand your business network!

Community Calendar

More community events at:

www.morganhill.org Do you want your events featured in our calendar?

Email them to Holly:

holly@morganhill.org

or submit them to

our online calendar on

www.morganhill.org

We will do our best to include

your event as space allows.

Only events by chamber

members will be published.

May 3rd 6pm-10pm

Cops & Robbers Ball

Morgan Hill Community &

Cultural Center Presented by the Community Law

Enforcement Foundation of Morgan

Hill, this event is a fundraiser to

help CLEF to raise money to en-

hance public safety in the Morgan

Hill community by providing funding

the MHPD beyond the city budget.

go to www.morganhillclef.org for

more info & tickets

Sunday, May 11th at 4pm

A Ruby Celebration

South Valley Symphony

Mission San Juan Bautista World Premier of As a Tree Grows…

composed by Robert Alexander

(Sobrato HS) to Celebrate SVS 40th

Anniversary. Favorite Operatic Arias

with internationally renowned Chris-

topher Bengochea (tenor) and San-

dra Rubalcava (soprano). Handel,

Music for the Royal Fireworks,

Tchaikovsky, 1812 Overture. Tick-

ets are $35 and can be purchased

at BookSmart in Morgan Hill.

Thursday, May 8th 6-7pm

Building the Home of

Your Dreams Construction Lending Seminar

Campbell Financial Center

1562 South Bascom, SJ Thinking about building a home

from the ground up? Planning a

remodel? We’re here to answer

your questions! Sponsored by Tech-

nology Credit Union. Reserve your

spot at: techcu.com/events

Friday, May 16th 11:30am-3pm

Free Document Shredding

Regent Wealth Management

1295 E Dunne Suite 200 Do you have sensitive documents

you need shredded? Bring them by

to Regent Wealth Management to

get them safely shredded for free!

Open to the public, so invite friends!

May 17th, 7am-4pm

Open House & Fly-In

Wings of History Museum

1277 Murphy Av, San Martin

Free museum tours, radio control

demos, aircraft, cars, tractors on

display. Free young Eagles Airplane

Rides provided by EAA (kids 8-17)

from 10-2. Free tethered hot air

balloons rides at 7am (weather

permitting). Register at

www.eaa62.org/ye-signujp.php

Saturday, May 17th 8am-10pm

Bulldog Fun Run

Sobrato High School 5K and 10K walk/run to support

student athletes at Sobrato High.

More info at Bulldogfunrun.com

Tuesday, May 20th 7pm

Parks & Rec Meeting

City Council Chambers The City of Morgan Hill will be con-

ducting an engagement process

with the community to discuss op-

portunities for future parks and

trails in and near downtown Morgan

Hill. The discussion on parks and

trails will include past engagement

and planning activities as well as

discussion on new ideas for

"activating" the downtown area.

Saturday, May 31st Noon-4pm

Historic Rhoades

House & Ranch Tour

2290 Cochrane Rd, MH Constructed from 1917-1920, the

Rhoades House and Ranch is a

Nationally Registered Landmark.

Join the Morgan Hill Historical Soci-

ety for an informative docent led

tour of the house with its collection

of antiques and a walk around this

beautiful property. Wine & Appetiz-

ers to follow the tour. $35 Advance

Purchase / $40 at Door Tickets

may be purchased at

BookSmart More info at

morganhillhistoricalsociety.com

“Good Morning Morgan Hill” Breakfast Sponsored by New American Funding

This month’s speaker is Julie Jackson Hosted at: the Morgan Hill Community Center

May 5th - Ladera Grill

May 12th - GVA Café

May 19th - Hang Ten Pizza & Pasta

Let’s Do Lunch—every Monday @ Noon A casual lunch where as many chamber members that wish to attend can get together for an informal meal together. Everyone orders as they arrive

June 2nd - China Palace

June 9th - The Hill Bar & Grill

June 16th - Chilli’s

Commuter Benefits for Bay Area

Bay Area employers must now comply with a pilot program that requires

employers with 50 or more full-time employees in the Bay Area to offer

commuter benefits to their employees.

The Bay Area Commuter Benefits Program requires employers subject to

the program to complete the following tasks by September 30, 2014:

Select a commuter benefit;

Register via the program website; and

Implement their program.

Employers may choose between four commuter benefit options to offer to

their employees:

Option 1: Pre-Tax Benefit. This option allows employees to exclude up

to $130 of their transit or vanpooling expenses each month from their taxable income;

Option 2: Employer-Provided Subsidy. This option provides a subsidy, up to $75 per month, to reduce or cover em-

ployees’ monthly transit or vanpool costs;

Option 3: Employer-Provided Transit. Under this option, employers would provide a free or low-cost transit ser-

vice, such as a bus, shuttle or vanpool service, for employees; and

Option 4: Alternative Commuter Benefit. Under this option, employers would provide an alternative commuter

benefit that is as effective in reducing single-occupancy commute trips as Options 1, 2 or 3.

Employers can visit the 511.org’s Bay Area Commuter Benefits Program webpage (commuterbenefits.511.org ) for

assistance. The 511.org website also offers answers to frequently asked questions and an “Employer Guide.” Both of

these documents discuss the applicability of the new program to cities, such as San Francisco and Berkeley, which

already have adopted local commuter benefit ordinances.

The Bay Area Air Quality Management District and the Metropolitan Transportation Commission approved the pilot

program. These regional agencies are responsible for air quality and transportation planning, respectively, for the

nine-county Bay Area, which includes San Francisco, Santa Clara, San Mateo, Marin, Sonoma, Napa, Solano, Con-

tra Costa and Alameda counties. (this piece was originally published on hrwatchdog.calchamber.com)

Anaerobe Systems is on the Cutting Edge

Mike Cox has a vision for a sustainable future. Along

with his company Anaerobe Systems, he is working on

cutting edge technologies which turn waste into fuel.

Using anaerobic bacteria, he turns agricultural waste

(such as the many grape skins left after wine pressing)

into fuel. The only byproduct? High quality compost.

Eventually, he hopes to power this system from the

waste heat from traditional power plants, making it

100% eco-friendly.

But that’s not all Mike is doing. He is experimenting

with sustainable small-scale agriculture techniques,

low-emissions wood-fired pizza ovens, and a host of

other incredible technologies. Keep an eye on this sci-

entist, because his ideas just might change the world.

The Morgan Hill Community Foundation (MHCF) is energized by the multiple examples of philanthropy and volunteer-

ism in our community. Projects are well underway and people are hard at work making Morgan Hill the place to be! We

are looking forward to celebrating those accomplishments at our annual philanthropy event on November 14, 2014. Save

the date and stay tuned for details about the nomination process and event specifics available in early fall.

Now in our 12th year, the MHCF prides itself on linking donors, resources, volunteers, and projects together to provide

unique ways to make a lasting difference. Since our inception, we have awarded approximately $450,000 through our

annual spring grant program and hard work of our partners: Edward Boss Prado Foundation, El Toro Culture & Arts

Committee, Friends of the Morgan Hill Senior Center, Kirk’s Kids, Leadership Morgan Hill, MH Dog Owners Group,

MH Historical Society, MH Senior Support Endowment Fund, MH Sister Cities and the Mizuho Exchange Program,

Project Roadmap, South Valley Athletic Foundation, and Teachers’ Aid Coalition.

Please join the MHCF and our partners as we participate in “Silicon Valley Gives” on May 6, an online day of giving

hosted by the Silicon Valley Community Foundation in honor of the 100th anniversary of community foundations. It pro-

vides a phenomenal opportunity for anyone at any level to be a philanthropist-for-a-day, and to make a real contribution

to the quality of life here in Morgan Hill. For more information, please visit http://svgives.razoo.com/story/Morgan-Hill-

Community-Foundation.

We also welcome the community to congratulate this year’s grant winners. For a full list and description of each organi-

zation, please visit www.morganhillcf.org. For general information about the MHCF, please contact

amy.whelan@morganhillcf.org

Discover coyote valley and enjoy agriculture, recreation and nature year-round. The 7,400 acre Coyote Valley is the last

remaining farmland of the legendary “Valley of the Heart’s Delight”. Today, the Coyote Valley, located between San

Jose and Morgan Hill, is a treasure ready for rediscovery. Discover Coyote Valley is part of a multi-partner collaboration

managed by SAGE (Sustainable Agriculture Education). Funding is provided by the CDFA Specialty Crops Block

Grant. Find out more at www.discovercoyotevalley.org

On May 10th there is a discovery event from 10am-4pm.

Activities will include:

Tulare Hill Ecological Preserve Hike from 9:30-11:30am and Noon-2pm

Grass Farm Tour from 10-11:30am

Coyote Open Space Preserve Wildflower Walk from 10:30am-2pm

Citizen Science Activity (more info on website soon)

Visitors can also visit farm stands and recreation areas that are regularly open for business. The May 10th event is a part

of a whole series of seasonal events, held monthly from spring through fall, that offer visitors the chance to explore the

area through various activities and attractions.

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Advertising Opportunity! If you would like to advertise in future copies of this

publication, please contact our office at:

(408) 779-9444 Business Card size advertising

One month $100.00

Three months $250.00

Six months $550.00

Twelve months $800.00

Loose Flyer Insert information

500 flyers, double sided, space available basis $150.00/issue

Page 9

Kevin P. Courtney

Attorney At Law Licensed before the U.S. Tax Court

Providing business, litigation and tax-related

legal services since 1977.

17415 Monterey Road, #204

Morgan Hill, CA 95037

(408) 779-5101

www.KPCLaw.com

New American Funding

On the Road Again

Gavilan College

Abacus Bookkeeping

Morgan Hill Times

Fortino Winery

Terry Moriyama—REMAX

Kiwanis

David Cohen —Executive

Communications

Cherrise’s Hair Salon

Realty World P2P

Guild Mortgage

New American Funding

Realty World People to People

Thinker Toys

Nationwide Insurance

Heritage Bank of Commerce

Affordable Solar Roofs

Union Bank

South Valley Symphony

Suzanne Barrett—Shakelee

Freedom Fest

Mushroom Mardi Gras

Edward Boss Prado Foundation

Do you attend Chamber Programs and Events?

Are you willing to take an hour a month to attend our meetings?

Would you like to have your business recognized each month?

Do you want to be involved in change?

Are you fun to be with? Do you look good in red?

WE WANT YOU! We are always looking for members

who would like to be an Ambassador.

If you answered yes to any of the above ques-tions, please talk to us about becoming a

Chamber Ambassador!

Contact Leonette Stafford, Ambassador Chair

408-396-4446 / Lstafford@rwp2p.com

Page 10

Why I Love Friday Night Music by Holly Horner

The Friday Night Music Series has been a staple of the Mor-

gan Hill community for more than 20 years. I remember as a

child running gleefully around the dance floor with my best

friend, soaking in the music and the excitement. For me, Fri-

day Night Music was hands down the best part about living

in Morgan Hill. And in the years since, the series has only

improved. With a longer season, bigger crowds, a larger

space, and wine & beer sales I appreciate in my 20s more

than I did when I was six, it’s really a phenomenal produc-

tion.

And this year promises to be better than ever! With a highly

talented lineup and a few new tricks up our sleeves, we’re

very excited about this season, and expect over 10,000 atten-

dees over the course of the summer. We will be featuring a

different wine from our greater wine growing region every

week, curated by the Santa Clara Valley Wine Association. For the first time ever, the Morgan Hill Kiwanis will be

selling Hot Dogs & Chips, and the proceeds will benefit their philanthropic programs. Of course, if you’re looking for a

more substantial sit-down meal, we still recommend visiting our many nearby member restaurants.

Don’t forget, as a Chamber Member you are entitled to set up an informational booth free of charge at the event. Come

out, pop up a tent or a table and let people know what your business has to offer. Hand out coupons, menus or fliers and

get people interested in what you do. Our food truck members are also invited to bring by their wares. This is a truly

great way to reach out to hundreds of members of the community in a fun, relaxed, family-friendly environment.

And of course, no article about Friday Night Music would be complete without a Thank You. Thank you to the fantastic

bands whose music was the soundtrack of my childhood (looking at you, Usual Suspects!) and all those who come out to

get people to kick up their heels. Thank you to the sponsors who help finance the event. Thank you to all the great

Morgan Hill residents who come out to shake a tail feather. And of course, thank you to all the wonderful volunteers

who come out week after week after week to pull the whole thing off. I look forward to seeing you all this summer.

Page 11

Photo by Morgan Hill Life

Photo by Morgan Hill Life

Volunteer at Friday Night Music!

Help support an amazing community event by being a

volunteer at the Friday Night Music Series. Listen to

great music while you pour wine and beer! We need vol-

unteers to sign up early so that they can go through ABC

training to pour wine and beer. And who doesn’t want to

be a wine & beer pouring expert? We wouldn’t have this

amazing event without all the fantastic volunteers. Do

you want to lend a hand for this beloved event?

Contact the Chamber to volunteer

408-779-9444 or

info@morganhill.org

Page 12

Santa Clara County Farm Bureau 19th

Annual Golf Tournament

May is a busy month for the Morgan Hill Outdoor Sports Center. Starting on May 3rd and 4th with the Nor Cal U14-19

Boys State Cup then with San Jose FC College show Case on May 17th and 18th then wrapping up with Santa Clara

Sporting Girls Invitational on May 24th and 25th. The last tournament takes place over Memorial Day weekend and

will coincide with the Mushroom Mardi Gras.

The OSC hosts tournaments throughout the year. Anyone who would like to promote their business to the over

500,000 annual visitors to the OSC are encouraged to contact Jeff Dixon at jeff@mhysa.org or 408-778-3900. Adver-

tising packages include: Banners, Video Ads, Card Racks, Web Site Presence & Tournament Sponsorship.

Page 13

Tax Deferment with the 1031 Exchange

There is an old saying I quote frequently: “God giveth and Uncle Sam taketh away”. I find it to be very realistic and

humbling. The good news is, whether you agree with that sentiment or not, there are tax deferral methods available!

Among those is the 1031 exchange. A 1031 exchange, also called a “like-kind exchange” is a swap of one business or

investment asset for another. Similar to a 401(k), the investment can continue to grow tax-deferred without a limit on

how many times an exchange can be done.

A 1031 exchange can be tricky as it requires several steps to be done correctly. However, if done correctly you should

be able to defer upwards of 40 percent of the property sales price in tax liability. First the like-kind replacement property

can only be an investment or business property; the good news is that like-kind is a very broad meaning and can include,

for example, a swap of a ranch for an apartment building. Second, once the old property has been sold, there is a 45 day

window to provide a list of properties of interest to purchase with a total of 180 days to close on the new property.

Third, the cash received from the sale of the property goes directly to the Qualified Intermediary who will hold the cash

and will help with the purchase of the new property. In some instances, this Qualified Intermediary will be a title com-

pany. The Qualified Intermediary plays a critical role, preparing the legal documents that will link both properties in a

qualified exchange. Fourth, taking title of the new property, just as it was on the old property, is

also a requirement. And fifth, in order to defer 100 percent of the capital gains make sure two

requirements are met: the property must be of equal or higher value than the one sold and 100%

of all proceeds need to be reinvested.

There are some rewards to completing a successful 1031 exchange: among them more cash on

hand to invest. This increased purchasing power gives you the leverage to acquire a property of

higher value instead of selling a property, paying taxes, and then purchasing a new property. As

Jack Rose, Chief Strategist at Breakwater Equity Partners once said: “1031 exchanges are a great

wealth building tool”. In summary, a 1031 exchange can be a great tool to defer tax to the future

and can bring a benefit today to take advantage of the current real estate market. Completing

a successful 1031 exchange should be done under the guidance of an experienced professional

who is able to assess tax liabilities of a sale versus an exchange and be in alignment with your

investment goals.

This information is not intended to constitute legal, financial or tax advice and should not be

used in lieu of any professional’s advice.

This golf tournament will be held on Friday, May 16th at the San Juan Oaks Golf Club in

Hollister. The mission of the Santa Clara County Farm Bureau is to serve its members by

protecting, promoting, and preserving agriculture in Santa Clara County as a business and as

a way of life. Over the last 18 years, the Farm Bureau has provided almost $100k from their

golf tournament fundraiser to promote agriculture education through scholarships, financial

assistance for 4-H and FFA programs, support of the county fair, classroom curriculum, and

school gardens.

Come join them for a game of golf for a great cause. Enjoy the beauty of the wonderful San

Juan Oaks Golf Club picturesque landscape as you share in good times with your fellow

teammates. After your day on the course, relax and unwind in the clubhouse and gather for a

delicious gourmet BBQ dinner. Can't make it out to the course for a round of golf; come for dinner in the clubhouse ($50

per guest).

PRICES— $195 per player $780 per team $980 per team plus Green Sponsorship (Includes a round of cocktails)

FEES INCLUDE: Game of golf, golf cart, shirt, lunch on the course, dinner in the clubhouse, tee prizes & awards

This farmer friendly tournament is open to everyone. We encourage you to invite your customers, friends & family!

For more information please contact Stacy Mariani by calling (408) 776-1684 or e-mail smariani@sccfarmbureau.org

Santa Clara County Farm Bureau 19th

Annual Golf Tournament

Ahmed Hernandez

Broker Associate

Executive Estates

(408) 386-8936

New Members! Renewals!

Thank You!

Page 15

Whimzzie…

408-612-4415

Operation Freedom Paws

408-847-8518

Sherwin-Williams

408-779-2918

China Palace

408-779-0618

Bosphorus Grill

408-776-3400

Bookkeeping Express

408-465-7401

Educational Data Systems

408-776-7646

B&M Napa Auto Parts

408-779-2151

Community Solutions

Members 30 Years

Realty World People to People

Members 16 Years

Specialized Bicycle

Members 14 Years

CordeValle

Members 14 Years

Sycamore Creek Vineyards & Winery

Members 13 Years

All Safe Mini Storage

Members 13 Years

Filice Insurance Agency

Members 9 Years

JT Electric, Inc

Members 8 Years

Martin Ranch Winery

Members 7 Years

Association Management Services

Members 7 Years

Jewel Box Morgan Hill

Members 5 Years

Old Republic Title Company

Members 3 Years

Good Fork California Bistro Bar

Members 2 Years

Doctor Becky Kroll

Member 2 Years

Pavers by Design

Members 2 Years

Noah’s Bar & Bistro

Members 1 Year

Thank you for being a member of the Morgan Hill Chamber of Commerce !

P. O. Box 786 / Morgan Hill, CA 95038

Welcome New Chamber Members!