Manhattan Beach grants $2.3 million home loan
Manhattan Beach City Hall. Photo The City Council voted 4-1 Tuesday to give its assistant city manager a $2.3 million loan to buy a house in the area. Nadine Nader was recruited in September from the city of Fremont, where she was deputy city manager/city clerk. Since taking the job, she and her family have rented a house in Manhattan Beach, but “would like to purchase a residence in the South Bay, and specifically Manhattan Beach if possible,” according to the staff report. The 2014 salary range for the assistant city manager position was $173,000 to $224,000, according to the city’s website. City Manager Mark Danaj, who also worked in Fremont before coming to Manhattan Beach, recommended granting the loan, which is for one year with two possible one-year extensions, at 0.82 percent interest. “Housing assistance for City Managers and other high-level municipal executives is common in communities with high costs of living,” said the staff report, which noted that the city had given loans to several city managers and a former police chief. “Further, it benefits the community by allowing those individuals who are heavily involved in the City’s daily operations and activities to be a…
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