March 26, 2009

If you weren’t one of the lucky ones attending Tuesday’s Spring Fling Fashion Show featuring clothes from the Marble Falls Library Thrift Store, gird yourself because you will be hearing tales of that whacky, wonderful escapade for months to come. Event Chair, Sara Teague, may not be able to boil water, but she sure knows how to cook up a full course serving of merriment for a packed house to benefit the Friends of the Marble Falls Library.

David Culp of Horseshoe Bay sailed with David and Alison Luckenbach for a first place finish at the Bridge Too Far race on Stillhouse Hollow Lake. The annual Bridge Too Far race is a 20 mile race from the dam to the bridge and back, held by the Stillhouse Sailing Club.Temperatures in the 50’s were a bit cool, but nice wind made for a good race.

The Horseshoe Bay Property Owners’ Association held its 35th annual members meeting on Saturday, March 21, 2009 at Quail Point Lodge.  Approximately 100 members were in attendance. President Fred Owen reported to the members that the POA Board had met earlier on Saturday morning and had voted to approve a contract with the City of Horseshoe Bay which transfers ownership, maintenance and responsibility for the POA’s roads to the City in exchange for perpetual payment from the POA to the Ci ...

The City of Horseshoe Bay’s 2008 taxes collected as of Feb. 28 total $4,488,806 at a collection rate of 89%, as compared to a 94% collection rate last February. The Administration Department Report presented to the HSB City Council last week states, “The collection rate for this year is down due to several large accounts being uncollected at this time.” The city’s budget is based on revenues of $4,900,000 from property taxes, which equates to a 97% collection rate of the $5,044,091 tot ...

Attorneys for HB Texas Development Partners, LP, owner of real estate in Skywater Over Horseshoe Bay, have “consented” to the bankruptcy filed by construction creditors of the project, according to Lynn Butler, the attorney representing the creditors in the bankruptcy case. HB Texas Development Partners, as the debtor, has filed a motion with the bankruptcy court asking that the proceeding be converted from a Chapter 7 liquidation to a Chapter 11 reorganization bankruptcy.

Thursday, April 9, 2009 is the last day to register to vote in the May 9 election. For information on how to register to vote, contact your local County Clerk’s office.

The markets may be brutal but rest assured this poor fish from Lake LBJ has it much worse than any of us. Jeannette Schuessler photographed an osprey perched on a lightpole by the Ferguson Power Plant waiting to dine on fresh sushi.

The Horseshoe Bay Women’s Golf Association hosted its annual Eclectic Tournament at Slick Rock Golf Course on March 17 and 18. Over 60 golfers participated in the fun format that lets golfers use their best score on each hole over two days of play to tally their best 18 hole total.

The first day of spring was celebrated with a luncheon at the home of Roger and Geneva Dalton. The guests were taught their first cooking lesson by Chef Julie Mills making Parmesan Cheese Baskets. The baskets were quite the challenge, but well worth it when filled with either Caesar salad or chicken salad. The presentation and yummy baskets made the task worthwhile.

Holy Week in Christianity is the last week of Lent and the week before Easter. It includes the religious holidays of Palm Sunday, Maundy Thursday, Good Friday and Holy Saturday. It lasts from Palm Sunday until Easter Sunday. It Commemorates the last week of the life of Jesus Christ while on earth.

On March 21st at approximately 10:30 p.m. officers from the Horseshoe Bay Police Department responded to a suspicious persons report indicating that there were several people going in and out of a residence in the 5500 block of FM 2147 and that the house was supposed to be unoccupied. As the police arrived at the house, one person saw the police car and ran back inside the house.

With the stock market up 21% in the 11 trading days dating from March 9 through Monday, March 23, one might be giving thanks for having survived the recent rough sailing extending back to the fourth trading day of last October - when the market shifted into crash mode and gave up as much as 700 points.  But weighing whether we’re now experiencing a market turning point or merely a dead-cat bounce is not today’s subject. Instead, this week’s column refocuses on our emerging oil supply pr ...

We are now finishing the 16th month of the recession, which began in December 2007, according to the National Bureau of Economic Research. Not only is this a long recession, but it’s also a severe one, marked by painfully high levels of job losses, a sharply reduced credit flow and a drop in the value of many investments.

After years of saving, you’ve accumulated significant wealth in your Individual Retirement Accounts (IRA). So, what do you do next? You may want to think about extending the life of your IRA by stretching out its tax deferral over your life and the lives of your children and grandchildren. Although it is one of the most widely overlooked aspects of these retirement savings accounts, a properly structured beneficiary designation could extend the stretch-out of income tax deferral on your IRA ...