NEW IRS RULING FOR VACATION HOME 1031’s

• 24 month holding period
• for each 12 month period you must have rented vacation home for at least 14 days at fair market rent
• for each 12 month period owner can only use property for the greater of 14 days or 10% of the days rented.
• Days that relatives use the unit will count against you… unless they pay fair market rent
• You are allowed a reasonable number of “maintenance days” to care for the unit (not defined by IRS)

SUGGESTIONS:

· Tighten up record keeping and tax reporting

· Be serious in rental attempts

· Charge family members the going rental rate when they use it

Keep detailed records of dates you used the unit and what you did – and describe maintenance done for “maintenance days”

WHAT IS THE DIFFERENCE BETWEEN MORTGAGE PRE-APPROVAL AND MORTGAGE PRE-QUALIFICATION?

Verification and Documentation explain the difference. Pre-Qualification is based on information provided by the buyer whereas Pre-Approval is given after receipt of copies of bank account statements, income proof (pay stubs) and income tax returns; other information may be requested as well. Neither are considered a mortgage commitment, but the more detailed Pre-Approval is preferred by sellers. Pre-Qualification requires the borrowers name, address, phone number, date of birth and social security number with permission to do a credit check. Questions may be asked about annual income and what down payment the borrower can make. A letter is issued with an estimate of the amount of a mortgage for which the borrower can be approved, based on documentation verification, which may be described in the letter. The letter will also include a disclaimer, e.g., “subject to verification of employment (2 years of work history) / assets / credit review / charge card statements / mortgage underwriting guidelines” and the prevailing interest rate, which can be “locked in.” This serves temporarily as confirmation to a seller that a buyer appears to be able to afford to purchase their property. Underwriting criteria may include credit scores, work history, verification of income, qualifying income ratios, verification of where down payment will come from (e.g., brokerage or bank account or gift), cash reserves after closing. There may be information that has a negative impact on mortgage approval, including a borrowed down payment, inconsistent work history, unreported “cash” income, not enough assets for closing costs, and other issues.

NEW VISTA THEATRE RECEIVES AWARDS FOR TWO 2007 PRODUCTIONS

Now moved to their new location on Palmetto Park Road, a few miles west of 441 in the Shoppes of Logger’s Run, The New Vista Theatre Company in West Boca Raton has been nominated for five Carbonell nominations for two of its 2007 productions, “Funny Girl” and “Jacques Brel”. Performances are held at the West Boca Raton High School Performing Arts Center, 12811 Glades Road. During their Inaugural Season, 2006-2007, “A Funny Thing Happened on the Way to the Forum was nominated for 5 Carbonell Awards. They recently moved to Boca Raton from Davie. Actor Avi Hoffman heads the company. Upcoming productions include “I’m Not Rappaport,” May 1-18, and “The Big Bang,” June 19-July 6. Click here for dates and more information or call 561-482-4144. Group Rates are available, and website sales are 10% off. Show times are Thursday, Friday and Saturday at 8 pm, Saturday and Sunday at 2 pm and Sunday at 7 pm. Since 1976 Carbonell Awards have been given to Regional Theatre Productions. The Awards were created by South Florida’s arts critics and columnists.

LOOKING FOR SOMETHING CULTURAL TO DO THIS WEEK?

Renee Fleming… Kathleen Kennedy Townsend… the Russian National Orchestra… Joyce Carol Oates… The 5 Browns, on 5 pianos playing Home Blues from American in Paris… check out the schedule for the Boca Festival of the Arts this week…

March 9 - Antique Clock Evaluations

Ever wondered about the value of that pretty clock that has been in your shelf for years? Bring your antique clocks to the Cornell Museum, Old School Square, Delray Beach, between 1:00 and 4:00 p.m. for an informal evaluation by NAWCC members who are participating in the exhibit, Timekeeping through the Ages. For more information go to www.oldschool.org and see special events.

YOU WALK AWAY... from a mortgage!

The International Herald Tribune’s 2-29-2008 headline “Faced with mortgage default, some U.S. homeowners walk out” will lead you to this site, which results in walking away from a home and mortgage and ceding the home to a bank in foreclosure: http://www.youwalkaway.com/ . The house then becomes the lenders problem, and the former homeowner might be able to rent a property for less than half the cost of their mortgage they left behind. According to the article, while in some states banks have recourse to sue borrowers for their losses, it is usually not done because the process “is costly and “people’s nonhousing wealth tends to be pretty slim”. For a copy of the article, email marilynfjacobs@gmail.com. According to the founder of You Walk Away, which opened for business in January 2008, the company’s services are not for everybody and were meant as a last resort. Those finding themselves having to choose between a car payment and their kids’ health insurance or paying a ballooned mortgage may have an alternative now, and may feel that over the coming years their income will go up and their credit will improve while, in the meantime, they rent instead of owning a home.

BOCA RATON 2008 FESTIVAL OF THE ARTS

Centering in Mizner Park, for a list of cultural events for all ages including concerts, ballet, wine tastings and auctions, lectures, jazz and more, go to http://www.centre4artsboca.com/events.asp

FORECLOSURES NOT JUST MAINSTREAM

One of the nation’s priciest residences, Harold Vanderbilt’s Villa di Venezia, the 1929 Italian Renaissance mansion at 1100 South Ocean Boulevard in Manalapan, went on the auction block and was bought by mortgage holder, New Stream Capital, on the steps of the courthouse, for $22-MM. New Stram will put the property back on the market to recoup its investment. The 20,000 sq ft Maurice Fatio home was sold to Randolph Hearst by Mel and Bren Simon for $29.87-MM in 2000, a record sale for Florida at that time. Hearst died 6 months later and his widow, Veronica, was left the house but did not have the money to maintain it. Veronica Hearts paid for property taxes, renovations, etc. by borrowing millions of dollars against the home’ value, selling 150 feet south of the property for $6.2MM.

NEW SPANISH RIVER LIBRARY IN BOCA NOW OPEN… MAKE A VISIT A MUST!

Enter into a huge reading room with volume ceilings and high windows giving off light, and find a serene atmosphere, perfect for enjoying a book or a magazine. The facility is about 40,000 sq feet, a Mizner-inspired design, features decorative arches and faux coral stone columns, a Spanish tile roof, the man-made Blue Lake, coffered ceilings and dark cherry wood trim. Approved by voters, Countess de Hoernle's philanthropic gift greatly reduced our costs. Go visit and be proud to take guests from out-of-town to lunch at the Library Cafe. Check out the thousands of free books, newspapers, magazines, periodicals and more. Wireless computer outlets are available. The upstairs balcony area, as well as the main reading room, is perfect for studying and reading. Ground was broken on April 2, 2004 to start building the Library, and now that construction is complete, the library opened January 26, 2008. There are two Computer Labs each seating a dozen people. There is a Children’s Lab with learning games and application software. A special Teen Room for Tweens and Teens is provided. Rooms and beautiful outdoor areas, some with pretty Blue Lake views, are available for meetings and events. Friends of the Boca Raton Public Library offer a chance to win a $25 gift certificate and other prizes every day you come to one of the libraries from February 1-29. The Library Café fixes fresh salads and foods and has wonderful cookies, cakes and pastries. They can do catering for any kinds of parties. Email torocsikpeter@yahoo.com or call 561-305-8646. You can eat in the café, or go outside to the tables overlooking the pretty lake. Programs are featured and you can join The Friends of the Boca Raton Library for $25 or less. Hours are Monday through Thursday, 9 am to 9 pm. Friday and Saturday, 9 am to 6 pm. Sunday, 12 noon to 8 pm. For more information go to www.bocalibrary.org.

OFFICE HOURS EXTENDED FOR HOMESTEAD EXEMPTION, PORTABILITY FILINGS

Gary Nikolits, Palm Beach County Property Appraiser, reminds homeowners that there is less than a month left to file for 2008 homestead exemption and portability benefits and has extended office hours for the next three weeks. Extended hours will be available at the service center on the first floor of the Governmental Center at 301 N. Olive Avenue in West Palm Beach, at 3188 PGA Boulevard in Palm Beach Gardens and 501 So. Congress Avenue in Delray Beach, and 200 Civic Center Way in Royal Palm Beach. These offices will be open from 7:30 am to 6 pm weekdays. Filing deadline for exemptions is Monday, March 3^rd. It is suggested to file as early as possible to avoid long lines. You can file online on the Property Appraiser’s website; go to the Exemption E-File link on the home page and follow the prompts. For more information, call 561-355-2866.

HERE is your opportunity for international exposure of your work!

POETRY PROTOCOL, Syndicate is currently accepting poetry for it's International Poetry Quarterly. You also have the opportunity to submit your work for the '10TH ANNUAL MARILYN FARBER JACOBS POETRY AWARD' Contest! Grand prize: ONE HUNDRED DOLLARS!! Second Place: $50; Honorable Mention Certificates Awarded. SUBMISSION GUIDELINES: Theme: open - any style or genre of poetry; 20 lines or less; typed or printed, double spaced; deadline is March 18, 2008; entry fee: $5 for unlimited poem entries. Please make check out to: North Tulsa Literary Guild, Inc. and mail to North Tulsa Literary Guild, P.O. Box 6221, Tulsa, OK 74148-0221. ANYONE CAN ENTER!

LINK TO LOWEST LOCAL GAS PRICES

http://www.sun-sentinel.com/business/custom/consumer/sfl-gasprices-htmlpage,0,826131.htmlpage

BEGONIAS… WORKSHOP WILL EXPAND YOUR KNOWLEDGE

“The Beguiling Begonias Workshop” will be held Saturday, February 9^th from 9 am to noon in the Mounts Botanical Garden auditorium, located at 559 North Military Trail in West Palm Beach. Begonias are perennial landscape plants that grow well in Florida. See slides and live plants to learn about the various types of rhizomatous, cane and other begonias, which will thrive in your garden. Each attendee will learn how to propagate these begonias and will pot up a tray of assorted cuttings to take home. Admission price is $40 for members, $50 for non-members – Admission price includes potting materials and begonia cuttings. Workshop will be held in the Garden Pavilion. If you want to expand your begonia collection there will be a selection available for purchase after the workshop. Call Mounts to reserve space. Mounts features plants from 6 continents on 14 acres. For information contact Joy Ford Le at 561-233-1747 or jlford@co.palm-beach.fl.us.

A PERSONAL MESSAGE FROM YOUR BLOG MANAGER

“Buyers are coming out of the woodwork,” is what I’m hearing from other real estate agents, and that is indeed true for me as well. I’m working with many buyers on purchasing primary and second homes. Closings are resulting. Some are from the US, and others from countries including Canada, England, and Singapore. I predicted in the past, and reiterate now: “the best buys will be made between now and the early summer… after that the pickings will be left on the market.” Sale prices are on the low side right now, interest rates are low and may go farther down, and there is huge inventory to pick from – A BUYER’S MARKET. Will keep the readership updated in the coming months… Marilyn Farber Jacobs, Realtor, ePRO – Lang Realty & Lic. Mortgage Broker – Iberia Mortgage Corp., Lic. Correspondent Lender

INVESTORS: A GREAT TIME TO BUY!

With condo inventory SOARING here in Florida In the last 20 months, you may be able to buy RIGHT NOW at the lowest price you will see in a long time to come

• $187,000 is median price for a Florida condo (per NAR)
• Median price is down 9% from one year ago
• Number of condos sold down 29% from one year ago
• Florida brings in more than 300,000 new residents per year (2^nd only to Texas)

Investors have started to GRAB GOOD DEALS while they can in this buyer’s market. The bad news for sellers means good news and opportunity for savvy buyers. Builders are making contributions to sweeten deals in the Florida condo market.

WHAT THE POLITICIANS ARE WORKING ON…. Maybe

… I did predict there would be big changes what with a national election looming up…

• A one-time $100-BB tax rebate and tax incentives for employers to hire more workers
• Temporary cut in corporate income taxes
• Emergency assistance for owners who need extra money to help with high heating bills this winter
• Proposals to expand loan modifications and payment relief for borrowers heading for serious delinquency or foreclosure
• Widening “rate freeze” mortgage relief programs beyond just sub-prime borrowers to ALL borrowers, including those with prime credit, who find themselves in trouble on their mortgages
• $MM’s for new assistance for local nonprofit counseling groups who reach out and guide mortgage borrowers in danger of losing their homes
• Federal Tax Code amendment allowing state & local housing agencies to issue tax-exempt bonds to refinance loans of troubled homeowners (not just assisting new home purchasers) at low, fixed rates

Moratorium on foreclosures nationwide and legislative amendment allowing bankruptcy court judges to unilaterally reduce homeowners’ mortgage debts to lenders… BUT there is non-acceptance for these two issues from bankers and the mortgage industry

A WAY TO GET THROUGH AIRPORT SECURITY FAST

“Clear” is the fast pass for airport security. Clear members are pre-screened and provided with a high-tech card that allows them to access designated airport security fast lanes nationwide. Clear members pass through airport security faster, with more predictability and less hassle. Clear's first year price is $99.95. You can lock-in this rate by purchasing a two-year membership for $199.90 or three years for $299.85. For more information, go to http://www.flyclear.com/about/

BOOKSTORE and ZED 451 RESTAURANT COMING TO MIZNER PARK

Expanding the former Museum of Cartoon Art, a 25,000 sq ft 2-level bookstore and Brazilian-style eatery will be opened within the year. The restaurant is described as a contemporary, internationally-inspired upscale steakhouse.

A WONDERFUL CHRISTMAS GIFT IN HONOR OF YOUR FRIEND OR RELATIVE

Luv-A-Pet is one of the organizations that lost county funding this year, and they need help from the public. There is a very touching story in the current Town-Crier Online (http://www.thecrier.co) of a Chichuahua who needs surgery that they are helping. On Saturdays and Sundays, Debbie Shields, a member of the pet rescue organization, brings Gemma to the Royal Palm Beach PetSmart. Take the kids there and give Gemma some loving attention. And, leave a donation in honor of the kids, your Mom, your spouse, your own pooch or kitty. That is in keeping with the “giving” part of the Christmas holiday. Make it a better year for another creature who is in distress.

Feb. 10th Healthy Living Expo in West Boca seeks vendors

The Levis Jewish Community Center and West Boca Medical Center are holding their 11^th annual Healthy Living Expo from 11 am to 3 pm on February 10^th, catering to those age 55 and over. They are looking for participation from physicians, nutritionists, chiropractors, dentists, vision and hearing specialists, rehabilitation centers, mental health centers and related vendors. Location will be the JCC, 9801 Donna Klein Boulevard, off Glades Road at 95^th Avenue South. Register up to 12-31 and pay $250. Afterwards: $350. Contact Lesley Surfer at LesleyS@levis jcc.org or call 561-852-3212.

LATEST BIG TIME REAL ESTATE SALES

The Denver Post reports that billionaire hedge fund manager Louis Moore Bacon has purchased Steve Forbes’ 171,000 acre Trinchera Ranch in Colorado for $175,000,000, pictured above, a new record for housing purchases. AP reports that Forbes ($500 MM net worth)sold the property to 51-year old Bacon ($1.7 BB net worth) because he has a solid conservation record and could be trusted to preserve the ranch. The Aspen Daily News article says the property is the largest privately owned ranch in Colorado and was part of the Sangre de Cristo Spanish land grant made in 1843. Malcolm S. Forbes purchased the property for roughly $20 an acre in 1969 and bought more land contiguous to the property in 1982. A spokesman for Mr. Bacon says he doesn’t have plans for the property “beyond spending part of every year there with his family and friends, enjoying its spectacular vistas, hunting, hiking and the like.” Former highest purchase was made by Ron Baron for his Hamptons’ tear-down. Saudi Prince Bandar bin Sultan took his $135,000,000 90-acre Hala Ranch off the market after receiving no acceptable bids. There is a helicopter pad at Trinchera, and here is the description from the listing: Colorado's largest ranch. Miles of trout-filled streams and herds of elk, deer and big-horn sheep share the 250 square miles of this private paradise in the Rockies. Acquired by Malcolm Forbes in 1969, it is a place where he would come to savor the tranquil, wide open spaces, to think, reflect and entertain. His children have expanded on this tradition and now make the ranch available for select groups. Headquarters, including the main lodge and state-of-the-art conference facilities are situated in the Trinchera Valley. The lodge itself is a virtual art museum with diverse collections of ships models, toy motorcycles, western paintings and bronzes acquired by Malcolm and his sons. The Forbes Trinchera Ranch offers corporate and business groups beauty, privacy, and luxury. It is a place to think, create, re-charge, and have fun.

AGREEMENT NEAR TO FREEZE MORTGAGE RATES FOR SOME

A new program aimed at homeowners who have steady incomes and relatively clean repayment histories, who can afford the lower introductory mortgage rates they have now, but cannot afford the higher adjusted rates, may freeze their current rates temporarily. While some government regulators are calling for a 5-7 year freeze, investors want 1-2 year freezes. Two million sub prime mortgage holders, offered to borrowers with spotty credit histories, are scheduled to reset to much higher levels by the end of 2008, pushing payments up by $350/month and more. When enacted, this may start to relieve the worst housing slump in many years. Also being discussed is a program to create more affordable loans to homeowners who would like to refinance mortgages with lower payments. Expansion of FHA loan availability and boosting government oversight of Fannie Mae and Freddie Mac are being discussed as well. One trigger for these moves is fear of a full-blown recession if nothing is done to alleviate the current problems for many homeowners. This news is from the Florida Association of Realtors.

1920's Mizneresque Property for Sale in Lantana

Pecky cypress ceilings… hardwood floors… beams… archways… fireplaces… iron grillework… are typical features found in 1920’s Spanish mansions, including a 1920’s early Mizneresque mission-Mediterranean home, ”Captain’s House,” on a dead end with 75’ of picturesque intracoastal waterway frontage in Lantana. The property is for sale for $2.45-MM. The main house and guest apartment, including five bedrooms, 5 baths and 2 kitchens, can be purchased separately for $1,999-MM and the adjoining properties for $455,000. The 2-story vaulted Great Room features the pecky-cypress ceilings, newly refinished red-oak floors and massive fireplace. The room is flanked on two sides by twin enclosed loggias with arched windows and has French Doors and the original 8” sq tile floors, similar to those manufactured by Addison Mizner, famous society architect. The dining loggia was the original entry; the other loggia, formerly a screened porch, has been closed in and is setup as a music room. “Eyebrow” windows are featured. The main door was milled and shipped in the 1920’s. The kitchen has reconditioned vintage appliances. The fireplace has applied masonry that looks like stone. Original antique sconces and massive metalwork chandeliers, as well as a buggy under the staircase are included. Kitchen cabinets are made of hardwood, but facings are built of cypress beadboard from old storm shutters from a 1926 house across the street. Shower rods are brass, curtain hooks are stainless steel, faucets are high-end reproductions. It includes a separate 1930’s-era duplex with two 1-bedroom, 1-bath apartments, and 1-bedroom, 1-bath 1940’s era cottage with Spanish tile floors and leaded-glass windows and runs along Lake Worth Avenue to South Lake Drive. These units include Dade County pine, Spanish tile and a shared fireplace. Enter the main residence through a walled courtyard. A big cement pond was dug up, landscaped and made into a koi pond with a brass Cupid fountain. Careful restoration has been done to a scrolled metal gate and metalwork on the grounds. Marilyn will be happy to show you this beautifully restored 1920’s Spanish property.

FAU PRESENTS “THE NUTCRACKER” BY BOCA BALLET

The 16th annual production of “The Nutcracker” will be held November 23-25 at the FAU Theatre. NYC’s American Ballet Theatre dancers Sara Smith and Jared Matthews will be dancing in the production. Smith began her first serious ballet training at Boca Ballet Theatre at age 11, and later attended the Harid Conservatory for four years on full tuition scholarship, and then receiving a scholarship to train at the Joffrey Ballet School in NYC. She next attended Indiana University with a merit scholarship, majoring in ballet performing and nutrition science, and dancing as the Sugar Plum Fairy in The Nutcracker and Odette in Swan Lake. In January 2004 Smith joined the American Ballet Theatre as an apprentice. Jared Mathews studied at the North Carolina School of the Arts summer program and with scholarships attended summer intensives at Joffrey Ballet School and School of the American Ballet. In April 2003 he became a member of the corps de ballet of the American Ballet Theatre and was promoted to solist in July 2007. Performances are scheduled at 7 pm Friday November 23, 2 pm and 8 pm on Saturday, November 24 and 2 pm on Sunday, November 25. Tickets are $30 for adults, $25 for children and seniors. Call 561-995-0709 or go to www.bocaballet.org. The Boca Ballet Theatre Volunteer Guild is holding a Gingerbread Ball after both matinee performances, including punch and cookies and a change to meet and get autographs from the dancers. Tickets are $6 and must be purchased in advance, with limited availability.

NATIONAL TRUST HISTORIC HOTELS WELCOMES BRAZILIAN COURT IN PALM BEACH

Citing its history and ambiance, the Brazilian Court, a condominium-hotel that is a favorite Palm Beach landmark, has joined the National Trust Historic Hotels of America, under the auspices of the National Trust for Historic Preservation. There are 200 hotels and resorts in the US that the organization acknowledges for preserving and maintaining historic integrity, architecture and ambience. Built in 1926, and designed by Rosario Candela (who built luxurious Manhattan apartments) the hotel’s south wing was added by Maurice Fatio and William Treanor in 1936. Multi-million dollar improvements were made, starting in 2002 and are now in the final phase. A central see-through lushly landscaped courtyard links the marbled lobby on Australian Avenue with an arched portico on Brazilian Avenue. A barrel-tile roof is accented with cantilevered wrought-iron balconies. The interior “speaks of Provence,” and complements the hotel’s Tuscan-villa roots. Stars who stayed there include Gary Cooper, Greta Garbo, Tommy Lee Jones and designer Bob Mackie and Marjorie Merriweather Post. Featured in the hotel are Café Boulud and the Frederic Fekkai Salon and Spa.

YOUR RENTAL CAR MAY PAY TURNPIKE & BRIDGE TOLLS WITHOUT USING SUNPASS


Customers of Avis, Budget and Hertz will pay daily fees of $2-$2.50 using “Plate-Pass” with charges billed to credit card of renter. “Rent-A-Tollpass” can be used with Dollar and Thrifty for a flat daily fee of $5.95 per rental day or $27.95 weekly with all toll charges included. These agreements are between Florida’s Turnpike Enterprise and American Traffic Solutions and Rent A Toll, Ltd. License plate information will identify the vehicles and electronically collect the toll. In it’s current newsletter, SunPass states that open road tolling will soon be available in 4 turnpike plazas – Lantana, Cypress Creek, Bird Road and Homestead Toll Plaza with plans to add this feature to other turnpike plaza areas. This will entail removal of the concrete islands (barriers, gates and columns) and adding new toll equipment structures and equipment so that cards with SunPass transducers can keep traveling at speeds of 55 mph instead of the current designated speed limit of 25 mph. Go to http://www.sunpass.com/ to update your license plate, check account balance, replenish your account, update your contact info and answer survey questions. Did you know that Florida’s Turnpike Enterprise invested $7.5-MM for generators for all service plazas giving full power for 72 hours without refueling, for use during hurricanes, and has external defibrillators available? Construction updates and real-time traffic info is available at http://www.floridasturnpike.com/. Another site for traffic info is http://www.traffic.com/.

FIRST BOCADOG WALK – BRING ALONG YOUR POOCH

Do you and your dog look alike? Is yours very small, very large, or very talented? Come to the Canine Carnival and the First BocaDog Walk on Saturday, November 3, 2007 at Mizner Bark, Banyan Trail in Boca Raton and you and your pooch might win a prize! There will be vendors, contests, prizes, and demonstrations. $25 registration fee for you, and the pooch has free admission. Your pooch will get a goodie bag! Registration is at 8:30 am. Walk begins at 9:30 am. Canine Carnival is from 10:30 am to 2 pm. Prizes will be awarded for Best Dressed, Owner/Dog Look Alike, Best of Show, Biggest, Smallest and Most Talented. For more info call 561-305-3351 or go to http://www.bocadogmagazine.com/CanineCarnival

WATER, WATER EVERYWHERE…

Alas, all the sand-renourished beach areas in the county have been returned to the ocean by abnormal winds and tides, leaving behind long buried groins, rocks, tree stumps and revetments. Stairs, lifeguard stands and building foundations have also been removed. Nearby parking areas and parks have been flooded. Millions of tons of sand are gone, ensuring death to the off-shore environment. The sand smothers fragile coral reefs and all life that inhabits them, limiting food sources for sports and food fish, interfering with “catches” for the fishermen. According to the NEW YORK TIMES (10-2-07) the world’s polar areas are experiencing and ice melt so vast that predictions are that by 2013 a blue Arctic Ocean will exist. Would you say this is an exercise in futility, and that Mother Nature wins?

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SLATED FOR JANUARY 8, 2008 - MIZNER TRAIL TRIAL

Mizner Trail principals applied to build luxury town homes on the Mizner Trail Golf Course, and the County voted 4-3 in January 2006 to move forward to the County Commission, but recommended denial, stating that the golf course was a firm and wholistic part of the community. However, the property is properly zoned for building luxury town homes. Mizner’s owners purchased the property in 1998 with the expectation that it would be used temporarily as a golf course, which was never established in perpetuity, and that the property would ultimately be developed residentially. They also claim that it is no longer economically viable to use the property as a golf course, and has not been used as such for several years. The course was closed October 1, 2005. Litigation between Palm Beach County and owners of Mizner Trail Golf Course will soon begin. County Commissioners approved $350,000 for hiring expert witnesses and consultants a few months ago to defend the county in the $38-MM “inverse condemnation” lawsuit (taking of property by a government agency that so greatly damages the use of a parcel of real property that it is the equivalent of condemnation of the entire property) filed last year by Mizner Trail Golf Course principals. Prices of the 202 town homes proposed would start at $500,000. One-third of the golf course would have been used for the town homes and the rest would have been converted into an executive 18-hole course. Included in the new deed would be a covenant preventing the remaining 2/3 percent of the land from ever being developed. This case would set a precedent for the area, where there now is a lack of land to develop, and also of concern to environmentalists.

NEW INDEPENDENT LIVING FACILITY – PALADIN IN DOWNTOWN BOCA – GETS “GOAHEAD” FROM CITY COUNCIL

Construction will soon begin on a new luxury high rise independent living facility in downtown Boca Raton at the corner of South Federal Highway and 8th Street, across from the Boca Raton Resort & Club and near Mizner Park and Royal Palm Plaza. Included along with homeownership opportunities and health care options will be in-home healthcare, on-site assisted living, a wellness center, rejuvenating spa, temperature-controlled outdoor swimming pool, private Mercedes transportation to local venues, varied dining options, concierge services, lush amenities, memory support and rehabilitative services. 1-, 2-, and 3-bedroom and larger loft units are available. “The Paladin” will be operated by Sunrise Senior Living. Marilyn Jacobs (561-988-0070) can give you more information on this project.

BOCA RATON HOLIDAY BOAT PARADE DROPPED BY CITY BUT CORPORATIONS COULD CHIP IN TO SAVE IT

Deep cuts in this year’s budget made to meet state legislative mandates eliminated funding for the Holiday Boat Parade, a traditional and popular local event. The Marine Industries Association of Palm Beach County has partnered with the city to run this annual event since 2003, when the Greater Boca Raton Chamber of Commerce dropped the event, but they cannot pay for the parade without the City’s contribution. However, they have said that if the City funds the Boat Parade next year, they will again participate. The City of Boca Raton has also cancelled funding for this year for the downtown concert series, Halloween Happenings and the Police Athletic League, though the PAL got $50,000. Other area boat parades planned include Parade of the Palm Beaches, and events in Boynton-Delray, Pompano Beach and the Winterfest in Ft. Lauderdale. Participation in the boat parade has dropped, but the association would increase the number of participating water craft to 45. Boats decorated for the holidays took part in the parade that traveled south on the ICW from Delray Beach to the Deerfield Beach border. Best entries received prizes in several categories. Boats would pull up along the shore and people donated items for a holiday “Toys for Tots” drive.

NAR: A GOOD DAY FOR HOUSING… September 18, 2007

Along with “the FED” cutting the discount rate by half a percentage point, the House of Representatives passed the Expanding American Homeownership Act of 2007, HR 1852, offering homeowners a safer alternative to risky mortgage products, helping homeowners who may be facing foreclosure, increasing loan limits and eliminating the statutory 3% minimum cash down payment. Mortgage modifications will allow borrowers to change mortgage terms so they can afford to stay in their home. “Partial Claim” programs will cure a loan default with the FHA lending the borrower money with a no-interest loan due when the property is sold or paid off. The National Association of Realtors (NAR), America’s largest trade association, represents 1.3MM+ members involved in all aspects of residential and commercial real estate and is known as “The Voice for Real Estate.”

KRAVIS UPDATE

November 7: Queen Latifah... December 13: Anita Baker... January 30: Dame Kiri Te Kanawa. Kravis Members can buy tickets prior to this Saturdays Public Ticket Sale to be held in the center's Rinker Playhouse, 701 Okeechobee Boulevard, West Palm Beach. There will be refreshments available. To become a Kravis Center member, call 561-651-4320. You can choose your seats at www.kravis.org or call 561-832-7469 or 800-572-8471.

BEACH CLEANUP SATURDAY SEPT 15TH

Make it a BEACH DAY... a bit farther north... take the kids and grandkids... Come to Gulfstream Park, 4489 No. Ocean Blvd, Gulfstream, 8-10:30 am and help cleanup, get free t-shirts, drinks and cookies and be awarded community service hours. Pre-reister with Gary Solomon, TheRecipeExchange@Comcast.net, 561-734-9128. www.Sandsifters.org. Gulfstream Park is a small beach park nestled on a hill behind a mass of Sea Grape bushes and shaded by Australian Pines. There are open picnic benches, a few BBQ grills, a children’s play area, showers and restrooms as well as areas to sit overlooking the ocean. The beach is wide and clean and there is usually a lifeguard on duty. Walk the vegetation-covered boardwalk to the beach. There are 86-parking spaces (free). Activities include fishing, swimming and sunbathing – a great place to take the kids to!

MARCH OF DIMES PRESENTS SIGNATURE CHEFS & WINE EXTRAVAGANZA

Don’t miss this fabulous night of gourmet food presented by 20+ local restaurant chefs (Chef Chair is Zack Bell of Café Boulud in Palm Beach), fine wine spirits, exciting entertainment and live and silent auction prizes at the Marriott Boca Raton, 5150 Town Center Circle on Thursday, October 11, 2007 from 6 pm – 9 pm. Advance Purchased Tickets are $100; $125 on event day. Purchase tickets at marchofdimes.com/florida or call 561-276-2001. Valet parking provided. Located one mile north of Palmetto Park Road on Military Trail in Boca Raton.

Known world-wide for its charming historic districts and 100+ years of history, a map of walking tour sites is now available form the City of Delray Beach Planning and Zoning Department at City Hall, 100 NW 1^st Avenue, or call 561-243-7284… The Sundy House, listed on the local and national Register of Historic Places, at 106 S. Swinton Avenue, is a popular restaurant and inn with a botanical gardens to roam through and enjoy, former home of John Shaw Sundy, the first Mayor of Delray, when the town was incorporated in 1911… The most expansive historic site in downtown Delray Beach is the Old School Square which includes the Crest Theater, and Cornell Museum of Art and History. Points of interest there include the recently added arcade and band shell… Also included are the fully restored S.D. Spady Cultural Museum at 170 NW 5^th Avenue, former home of locally prominent African American educator, businessman and civic leader Solomon D. Spady – open to the public… Listed on the Local Register of Historic Places, as is the Spady Museum, is the Susan Williams House at 154 NW 5^th Avenue. Susan Williams was a local midwife, often the only one available to provide medical treatment to residents of the “Sands” neighborhood, now known as the West Settler’s Historic District, moved in 2000 to it’s current location with renovation coming for use as a community education corner as part of the Spady Cultural Arts Complex. The building is not currently open to the public… The Cason Cottage Complex at 5 NE 5^th Avenue, is both the first restoration done in the Old School Square District and the first museum in Delray Beach, once home of the Cason family, Delray pioneers, and it reflects the South Florida Lifestyle from 1915 – 1935… Homes in Bankers Row, circa 1930, NE 1^st Avenue between 2^nd and 3^rd Streets, is in the Old School Square Historic District, belonged to many prominent Delray business leaders… The Masonic Building, circa 1924, 40-44 East Atlantic Avenue housed the local post office from the late 1920’s through the 1950’s and is now a home for local Masons… A must-see is the Colony Hotel, circa 1926, 525 E. Atlantic Avenue, designed by Martin L. Hampton, an Addison Mizner associate. It opened in 1926, needed extensive renovation after the 1928 hurricane, and is the last remaining hotel out of eight that existed during the 1920’s boom years… Don’t miss the Atlantic Avenue Bridge, circa 1951, in the Marina District, a gear-driven, Chicago-style, double leaf bascule bridge, built in 1911, which replaced a swing bridge… Sandoway House, circa 1936, currently the home of the Sandoway Nature Center, was originally the home of J.B. Evans, a local produce dealer in Delray Beach. Walk through history on this informative and interesting tour.

COASTAL CLEANUP PROJECT IN DELRAY BEACH

Wanting to preserve environmental resources, the city of Delray Beach joins the Sandoway House Nature Center located at 142 South Ocean Boulevard in celebrating Florida Coastal Cleanup Saturday starting at 9 am at the nature center on September 15^th. Local residents are asked to participate. The annual event is the largest and most successful volunteer effort of this type of project. Thousands of worldwide volunteers from more than 90 countries have, since 1986, cleared more than 100-MM lbs. of trash from 170,000 miles of shorelines, rivers, lakes and wetlands. They are given free commemorative t-shirts, water and snacks for as long as the supplies last and earn community service hours. Pre-registration can be made by calling 561-274-7263, Registration forms can be found in the lobby of Delray Beach City Hall, 100 NW 1^st Avenue, and should be completed and returned to Jennifer Buce, litter prevention coordinator.