Upfront
NEW BRANCH OPENING WE INV ITE YOU TO TAKE ADVANTAGE OF A SPECIAL OPPORTUNIT Y.
$
125
GRAND OPENING OFFER
Valid 04/02/14 - 04/23/14, only at this new location (Account subject to approval.)
Visit us at our newest location during its grand opening. To celebrate, we’ll give $125 to new checking customers who open a new Chase Total Checking® account* and set up direct deposit.
NOW OPEN 855 El Camino Real Palo Alto, CA 94301
*Service Fee: Chase Total Checking has no Monthly Service Fee when you do any one of the following each statement period: Option #1: Have monthly direct deposits totaling $500 or more made to this account; OR, Option #2: Keep the daily balance in your checking account at or above $1,500; OR, Option #3: Keep an average daily balance of $5,000 or more in any combination of qualifying Chase checking, savings, and other balances. Otherwise a $10 Monthly Service Fee will apply. We will notify you of changes to your account terms or fees. For more information, please see a banker or visit chase.com/checking. Bonus/Account Information: Offer good 04/02/14 - 04/23/14 only at the 855 El Camino Real, Palo Alto, CA branch. Offer not available to existing Chase checking customers, those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance. To receive the bonus: 1) Open a new Chase Total Checking account, which is subject to approval; 2) Deposit a total of $100 within 10 business days of account opening; AND 3) Have your direct deposit made to this account within 60 days of account opening. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. After you have completed all the above requirements, we’ll deposit the bonus in your new account within 10 business days. The bonus cannot be used as the opening deposit. You can only receive one new checking account-related bonus per calendar year. Employees of JPMorgan Chase Bank, N.A. and its affiliates are not eligible for this offer. Bonus is considered interest and will be reported on IRS Form 1099-INT. Account Closing: If your checking account is closed within six months after opening, we will deduct the bonus amount at closing. ©2014 JPMorgan Chase Bank, N.A. Member FDIC
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News Digest City looks to offer more aid to nonprofits With Palo Alto’s economy sizzling, City Council members are preparing for the first time in more than a decade to raise the amount of money offered to nonprofits serving some of the city’s neediest residents. The council’s Finance Committee unanimously agreed on Tuesday that it’s time to consider increasing the city’s grant allocations, which were trimmed in the leaner years of the Great Recession and had not been restored. Even though the city’s budget climbed from about $115 million in fiscal year 2005 to an estimated $170 million in fiscal year 2015 (which starts on July 1), the city’s assistance to nonprofits that provide social services has remained relatively flat. The most recent changes took place in 2007 and 2009, when the total funding available for grants was slashed by 5 percent. Now, council members are preparing to reverse this trend. With revenues surging in just about every tax category and budget forecasts projecting several years of surpluses, Finance Committee members suggested this might be a good time to raise the current allocation of $1.2 million by up to $200,000. While the committee approved 16 grants that would be distributed this year under what’s known as the Human Services Resource Allocation Process (HSRAP), members also directed the city’s Human Relations Commission to consider further allocation of up to $200,000. Councilman Pat Burt suggested adding a rainy day fund that would allow the city to maintain funding levels during lean years. The committee also signed off on this year’s grant allocations, which are in the second year of a two-year cycle. The two largest recipients are Avenidas and Palo Alto Community Child Care, which will receive $431,184 and $436,830, respectively. For these two nonprofits, which serve seniors and children — including those with low incomes — this could be the final year in the grant process. Last month, the council’s Policy and Services Committee voted to break them out of the program and fund them on a separate track, effectively shielding them from competition from other local nonprofits. The city also plans to award grants to 14 other nonprofits, with allocations ranging from $5,823 for the Community Technology Alliance to $103,434 for Adolescent Counseling Services. Other recipients are Abilities United, Downtown Streets Team, DreamCatchers, InnVision Shelter Network, La Comida de California, MayView Community Health Center, Momentum for Mental Health, the Palo Alto Housing Corporation, the Peninsula HealthCare Connection, Senior Adults Legal Assistance, Vista Center for the Blind and Visually Impaired and Youth Community Service. The 14 grants (not counting Avenidas and Palo Alto Community Child Care) total $348,163, about $200,000 shy of what the agencies had requested in their applications. The Housing Corporation, for example, asked for $47,730 for a program called “Stepping Stone to Success,” which provides academic support to students. It is scheduled to receive $10,000. And InnVision, which asked for $25,000, will receive about half of that amount. The Finance Committee’s decision doesn’t guarantee that these agencies will now get their full requests funded. It does, however, mean that they could see additional funding and that other nonprofits could be added to the city’s list of grant recipients in the coming months as the council proceeds with putting together the fiscal year 2015 budget. N — Gennady Sheyner
Assistant city manager to depart for San Jose Palo Alto Assistant City Manager Pamela Antil will step down from her post later this month to take a similar job in San Jose. She told the Weekly she will start her new job for the City of San Jose on May 5 and said she is “really excited about the opportunity.” Antil joined Palo Alto in 2010, having previously served as assistant city manager in Novi, Mich.; Ann Arbor, Mich.; and Rancho Palos Verdes, Calif. As City Manager James Keene’s second in command, she has been at the forefront of various complex initiatives in Palo Alto, including the restructuring of the city’s Development Center, labor negotiations with public-safety employees and structural changes in the Fire Department. She has also filled in for Keene at numerous council meetings. In San Jose, Antil will provide “day-to-day operational oversight of all city services and departments” and “guide and coordinate the work of deputy city managers and department directors to achieve quality service delivery and citywide organizational and policy goals,” according to a statement. She will also serve as the highestlevel deputy to City Manager Ed Shikada. Antil is the second high-level Palo Alto official to depart from City Hall this month. Last week, Assistant Planning Director Aaron Aknin said he plans to step down from his position to serve as director of the Community Services Department in Redwood City. N — Gennady Sheyner