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.

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, 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.

ISRAELI SECURITIES APPROVED AS COUNTY INVESTMENT

The County Commissioners amended the county investment policy so that up to 1% of it’s $1.7BB portfolio can be invested in State of Israel securities, or a maximum of $17MM. Included can be bonds, notes or instruments backed by the full faith and credit of the State of Israel, if rated “A” or higher by Standard and Poor’s and Moody’s ratings services. They must also have a maturity of 2 years or less. The Development Corporation for Israel may act as an authorized broker/dealer for securities backed by the State of Israel only. Backed strongly by Commissioner Burt Aronson, whose Commission District 5 is heavily populated by Jewish families, he pointed out that “Israel has not defaulted on a bond in its 50-year history as a nation." The state of Florida holds at least $230MM in securities issued by the State of Israel and has been an investor for a long time. Governor Charlie Crist and Senator Ted Deutch signed legislation earlier this year called, “Protecting Florida’s Investments Act,” so as not to link public investments with “rogue” nations.

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.

LEARN ABOUT IRAN's THREAT

Mark your calendar page for Sunday, December 2nd, from 12:30 – 5 pm to head for the Marriott Hotel City Place, 1001 Okeechobee Boulevard, West Palm Beach and learn all about Iran’s threat. An interesting variety of speakers will be featured, including Jim Woolsey, former Director of the CIA and Co-Chair of the US Committee on Present Danger and Congressman Ron Klein (D-Florida), Vice-Chair of the Subcommittee on Middle East, U.S. House Committee on Foreign Affairs. We will learn about Iran from an insider, Amir Abbas Fakhravar, Iranian Student Leader and former Prisoner of the Iranian regime. We will get other views from Philippe Vinogradoff, Consul General of France in Florida, and Victor Comras, former United Nations Security Council monitor of Anti-Terrorist Sanctions and a leading expert on international law and terrorism financing. Hors d’oeuvres and refreshments will be served. Sponsors are the Jewish Community Relations Council of the Jewish Federation of Palm Beach County in conjunction with the World Affairs Council of the Florida Palm Beaches and other local organizations. Please make out checks for $18 (not tax deductible) to Jewish Federation of Palm Beach County and mail to 4601 Community Drive, West Palm Beach, FL 33417, Attn: JCRC. You can register online at JewishPalmBeach.org, or RSVP to Mary Greco at 561-242-6671 or email jcrc@jewishpalmbeach.org. Co-sponsors include Anti-Defamation League, B’nai B’rith International, Christ Fellowship, Covenant Centre International, Florida Security Council, National Council of Jewish Women and Palm Beach County Board of Rabbis. Don’t miss this wonderful opportunity to become more aware of Iran’s threat.

ROSES WORKSHOP BEING GIVEN AT MOUNTS

A 2-part workshop designed to take the mystery out of growing roses in South Florida will be held from 9 am to 1 pm on November 10th and 17th at the Mounts Botanical Garden, 559 North Military Trail in West Palm Beach. Dubbed "How to Make Everything Come Up Roses", courses will teach about types of roses, selecting proper site, planting, staking, irrigating, fertilizing, spraying and pruning roses. Mounts members pay $45; nonmembers pay $55. Included is the book, Growing Rose in South Florida. Call 233-1757 to register and visit www.Mounts.org.

ROTARIES PLAN ZOO EVENT

Various Palm Beach County, Palm Beach and West Palm Beach Rotaries, along with other Rotary groups, plan a season kickoff November 8^th at 7 pm, “Adventure at the Palm Beach Zoo. Music, dancing and entertainment, a barbecue and beverages are offered for the $45 per person admission price. Reserve by this Thursday and please wear safari and jungle prints. For more information, call 561-653-3973.

WEST DELRAY REGIONAL PARK NOW OPEN

Located off Atlantic Avenue west of US Highway 441, a new 313-acre passive park has opened, featuring lake frontage, non-motorized canoe/kayak launching area, freshwater fishing, hiking/nature trail, mountain bike area, single table picnic areas with grills, modular toilets and parking. By permit only are archery, primitive camping area, remote control airplane field and boat lake. The Delray Alliance of Residential Associations, the West Boca Community Council and the Coalition of Boynton West Residential Associations were instrumental in making the new park, formerly known as Palm Beach Downs, a reality. For general park information call 561-966-6600.

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 defibrilators 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/.

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?

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

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!

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.

HIGH HOLY DAYS TEMPLE ATTENDANCE INCREASED BY YOUNG FAMILIES

Rabbi Sholom Ciment at Chabad-Lubavitch of Great Boynton Beach, which has 500 member families, said they this year the Temple has had a 35% growth of totally unaffiliated families. A preschool was recently opened at the Chabad, and more adjacent land was purchased, doubling the size of its campus. About 1000 people are expected for services. They offer free synagogue membership, including seats for the High Holy Days, to new families who register for the pre-school or Hebrew School. Rabbi Stephen Pinksy of Reform Temple Beth Torah of Wellington said that nonmembers attend their services, but most who come are members. He said that some congregations (but not theirs) believe they will make up their deficits each year through the sale of holiday tickets. In the past 12 years, the Temple has grown from 200 to 500 families of which 60% are younger families and 25% older families. Rabbi Anthony Fratello of Reform Temple Shaarei Shalom, west of Boynto Beach, says their High Holy Day Services are a sell-out each year, including a mix between young and old and some folks who have not yet found a congregational home. Rabbi Menachem M. Muskal of Orthodox Chabad-Lubavitch of Wellington, also called the Wellington Jewish Center, says they won’t turn anyone away for lack of funds, and their young population is growing.

FL MASTER NATURALIST COURSE OFFERED Sept 8 through Oct 16

The Palm Beach County Cooperative Extension Service will provide programs of interest to those with “green thumbs,” who love the great outdoors. Freshwater Wetlands is the first in the series, to promote awareness, understanding an respect of Florida’s natural world among Florida’s citizens. Topics will include concepts of echo-system processes, identification of key plants and wildlife, and how humans can help shape Florida’s environment. There will be both classroom learning and field trips. Cost is $225 per course and will include detailed course manuals with certificate, path and pin upon completion. Participation is limited to 20. The 2nd module, the Uplands Module, begins in October, and the 3rd will be at the Gumbo Limbo Center in Boca Raton on A1A. You can register at http://www.MasterNaturalist.org or call Alyssa Dodd at 561-233-1725 or email Adodd@co.palm-beach.fl.us.

WANT A HOUSE IN A WALKABLE, HEALTHY ENVIRONMENT?

Buying a house in a walkable neighborhood is good for your health and good for the environment. Homebuyers, renters, and real estate agents can find houses and apartments in great neighborhoods. Walk Score shows you a map of what's nearby and calculates a Walk Score for any property.

OCEAN LAND INVESTMENTS ENDS DEAL TO BUY BRINY BREEZES RESIDENCES

The defining issue was “density.” Ocean Land’s plan would have had a living unit density approaching 60 units per acre, which was deemed unacceptable. Then a meeting was planned for Ocean Land to meet with interested parties from the wealthy nearby communities of Ocean Ridge and Gulfstream, but it could not be done prior to the date when a large portion of Ocean Ridge’s deposit would be non-refundable. The amount would increase from $500,000 to $5-MM. Ocean Land requested more time from the Briny Board (45 days more) to talk with neighbors, and they said “no,” so Ocean Land “pulled out.”

CITYPLACE EVENTS in WEST PALM BEACH

On August 9th, CityPlace fine restaurants are featuring CityPlaceUncorked at the Harriet Himmel Theater. Over 150 fine wines from all over the world to taste… VIP Receipton 6:30-7:30. General Admission 7:30 – 10 pm. Call 1-866-449-2489 to purchase tickets. Tickets are $100 (reserved for exclusive tastings) and General Admission is $60 in advance, $75 on day of event. Participating restaurants in clued Blue Martini, Il Bellagio, Legal Seafoods, Saito’s Japanese Steakhouse, Starbucks, City Cellar, Brewzzi, Columbia, Continental Catering, Jinja, Mark’s and Taverna OPA.

WHERE NOT TO BE WHEN LIGHTENING STRIKES

According to the Palm Beach Post, the advice is to stay inside when lightening strikes. A National Weather Service meteorologist said that during the summer it’s almost a daily occurrence. Thunder is the first warning, and lightening can repeatedly strike in the same place. If you are out on the golf course, the advice is to use “the lightening crouch,” by putting your feet together, squatting low, tucking in your head and covering your ears, if possible in a low spot like a ditch, and not near trees. Tall objects can result in a deadly charge traveling more than 100’ along the ground. If you are in a car, be sure not to touch metal. Metal roofs and sides will protect you; fiberglass or plastic shells offer no protection from lightening. If it’s possible to get to a building with four walls and a roof, you will be safe, but not in open garages or carports. Inside, don’t pick up corded phones, electrical appliances or wires. You can safely give aid to a lightening victim.

STATE OF ISRAEL BOND INVESTMENT ENDORSED BY COUNTY COMMISSIONER BURT AARONSON.

Commissioner Aaronson leads the Commission’s investment policy committee, and wants to incrase the county’s investment income by having Palm Beach County join the State of Florida in State of Israel bond investments. He mentioned that the bonds have an A ra ting and that Israel has not defaulted on a bond in its 50-year history as a nation. The count’s Israel investment represents less than 1% of it’s approximately $2.3-BB portfolio. Boca Raton’s Senator Ted Deutch sponsored legislation that recently was signed by Governor Charlie Crist, “Protecting Florida’s Investments Act,” making Florida the first state to divest its pension fund and other public investments from firms that refuse to stop doing business with, or otherwise support Iran and Sudan.

FAR “PUTS MONEY WHERE ITS MOUTH IS” RE PROPERTY TAX REFORM BALLOT

The Florida Association of Realtors, the largest trade group in the state, with 150,000 members, has pledged up to $1-MM to support passage of the Save Our Homes Amendment to allow homeowners to continue the 1992 Amendment for a 3% tax cap or to choose a new “super-homestead” exemption, taking up to $195,000 off their home’s taxable value. Passage of this amendment will provide meaningful tax relief for thousands of families including 1^st time homebuyers, and will equalize neighbor’s property taxes, says the FAR President Nancy Riley. She stated that then nurses, police officers, teachers and emergency first responders can afford to live in the communities they serve.

SIGNALS COMING TO VALENCIA LAKES AND AVALON ESTATES

VALENCIA LAKES and AVALON ESTATES Homeowners Association each have a $16,000 reimbursement agreement to pay for costs incurred removing brick pavers and re-asphalting so that the county can install signal detection loops in the egress lanes for a signal installation.

BOCA MUSEUM PLANS EXHIBIT OF DEGAS SCULPTURES

While a Jacksonville art gallery owner claims the 74 sculptures are “fakes,” made after Degas’ death in 1917, the Museum’s Board of Trustees discounts the art gallery owner’s opinion, noting the goal might be “to get his name in the newspaper.” Museums currently displaying all or portions of the Degas bronzes include the Metropolitan Museum of Art in New York, the Getty Museum in Los Angeles and the Chicago Institute of Art in Chicago. The National Endowment for the Humanities has underwritten some of the insurance expenses for the upcoming show. The museum’s website says that the exhibit, DEGAS IN BRONZE, “offers an extremely rate opportunity to view 74 sculptures, posthumously cast in bronze from Degas’ original composite and wax models.”

IN MY HUMBLE OPINION…

With reports just in that New York City and Salt Lake City are avoiding “the [real estate] bust,” can Palm Beach County be far behind? Some investors tell me they are “sitting on the sidelines” waiting for prices to keep dropping… other investors want to “sell and get out now,” but in many cases sellers are “standing pat.” Expired listings number near or over 500 properties each day. Some sellers cancel listings after getting low low bids. Remember that June and July are usually “slow months” with so many residents and part-timers out of town. August has been an outstanding month for sales in past years as folks come down to purchase residences for this coming winter… perhaps that will happen in 2007 as well. As a Realtor, I can tell you that every day in this career is exciting… new faces… new properties… no two ever alike. Like the stock market, real estate is cyclical… and what goes down will go up… just a matter of time. Stay cool. Hang in there.

Marilyn Farber Jacobs, Realtor, ePRO

GREEN IS THE BUZZWORD TODAY

An Environmentally Certified “Green” $25-MM mansion is being built in Manalapan.

Frank McKinney has been building one-of-a-kind mansions in the area for the last 20 years, and is now creating an oceanfront estate that is approved by the standards of the US Green Building Council and the Florida Green Building Council. The entire project will be the subject of a documentary series. Groundbreaking is being filmed as part of this program. A scale model has been made.

The 15,000 sq ft 3-story mansion will be rooted in nature, and will feature

• thatched roofs
• water gardens
• floating sun terraces
• a waterfall spa with fire feature
• interior acrylic main floor with moving water below
• a 24’ sheer water wall with fog/smoke screen on which moving images are projected
• suspended double-helix main glass staircase
• hand-blown chandelier that mixes electricity with water
• arched aquarium wet bar to be able to walk below and view the fish above
• guesthouse made of palm and bamboo that is partially submerged in a lagoon.

“Green” features will include

• solar panels that could cover a regulation-size basketball court to generate enough energy for two average-size homes
• water system that collects enough “gray” runoff water to fill the average swimming pool every 2 weeks
• reclaimied wood amounting to saving 7 ½ acres of Brazilian rain forest
• renewable woods that regenerate every 3 years vs. every 50 years for other hardwoods
• pools, reflecting ponds, water gardens, misters and more to drop the site temperature 3-5 degrees over neighboring properties
• recycling 340,000 lbs of debris during construction
• air-conditioning and air purification systems four times better than an operating room in the Mayo Clinic.

MacKinney has written two best-selling books, and raises millions of dollars for his Caring House Project Foundation to build housing for the poor in the United States, Haiti, South America, and the Caribbean.

Governor Charlie Crist plans to reenergize the state with a mixture of solar, wind and nuclear fuel. He is expected to emphasize using renewable fuels and include mandates for reducing greenhouse gas emissions. Friday afternoon, after two days of workshops and speeches at the Florida Climate Change Summit, Crist will sign executive orders and put his plan into law. Crist has signed California Gov. Arnold Schwarzenegger, Robert F. Kennedy Jr. and Theodore Roosevelt IV to the bill along with various Hollywood personalities and scientists, renewable-energy advocates and environmentalists who will talk about how Florida can become more energy-efficient and use alternative fuels.

California Governor Schwarzenegger has committing his state to reducing its carbon emissions by 25% by 2020, calling for 1 million solar roofs by 2018, tightening car-emission standards and creating a multi-state global warming group and it is speculated that this will happen also in Florida.

Florida Power & Light Co., the state's largest utility, maintains that using renewable fuels and more stringent energy-conservation steps won't be able to support all of Florida's future growth.

According to an FPL spokesman, "What you have heard from the environmental movement is that we can get there through renewables or we can get there through offsetting the energy that we are demanding today. And what we're saying is that (it) will not get you there. You will still need to build power plants." Crist has praised FPL for exploring a wind power project in St. Lucie County and is ecstatic about utility regulators denying the utility's plan to build a "clean coal" power plant in Glades County.

GREEN IS THE BUZZWORD TODAY

An Environmentally Certified “Green” $25-MM mansion is being built in Manalapan.

Frank McKinney has been building one-of-a-kind mansions in the area for the last 20 years, and is now creating an oceanfront estate that is approved by the standards of the US Green Building Council and the Florida Green Building Council. The entire project will be the subject of a documentary series. Groundbreaking is being filmed as part of this program. A scale model has been made.

The 15,000 sq ft 3-story mansion will be rooted in nature, and will feature

• thatched roofs
• water gardens
• floating sun terraces
• a waterfall spa with fire feature
• interior acrylic main floor with moving water below
• a 24’ sheer water wall with fog/smoke screen on which moving images are projected
• suspended double-helix main glass staircase
• hand-blown chandelier that mixes electricity with water
• arched aquarium wet bar to be able to walk below and view the fish above
• guesthouse made of palm and bamboo that is partially submerged in a lagoon.

“Green” features will include

• solar panels that could cover a regulation-size basketball court to generate enough energy for two average-size homes
• water system that collects enough “gray” runoff water to fill the average swimming pool every 2 weeks
• reclaimied wood amounting to saving 7 ½ acres of Brazilian rain forest
• renewable woods that regenerate every 3 years vs. every 50 years for other hardwoods
• pools, reflecting ponds, water gardens, misters and more to drop the site temperature 3-5 degrees over neighboring properties
• recycling 340,000 lbs of debris during construction
• air-conditioning and air purification systems four times better than an operating room in the Mayo Clinic.

MacKinney has written two best-selling books, and raises millions of dollars for his Caring House Project Foundation to build housing for the poor in the United States, Haiti, South America, and the Caribbean.

Governor Charlie Crist plans to reenergize the state with a mixture of solar, wind and nuclear fuel. He is expected to emphasize using renewable fuels and include mandates for reducing greenhouse gas emissions. Friday afternoon, after two days of workshops and speeches at the Florida Climate Change Summit, Crist will sign executive orders and put his plan into law. Crist has signed California Gov. Arnold Schwarzenegger, Robert F. Kennedy Jr. and Theodore Roosevelt IV to the bill along with various Hollywood personalities and scientists, renewable-energy advocates and environmentalists who will talk about how Florida can become more energy-efficient and use alternative fuels.

California Governor Schwarzenegger has committing his state to reducing its carbon emissions by 25% by 2020, calling for 1 million solar roofs by 2018, tightening car-emission standards and creating a multi-state global warming group and it is speculated that this will happen also in Florida.

Florida Power & Light Co., the state's largest utility, maintains that using renewable fuels and more stringent energy-conservation steps won't be able to support all of Florida's future growth.

According to an FPL spokesman, "What you have heard from the environmental movement is that we can get there through renewables or we can get there through offsetting the energy that we are demanding today. And what we're saying is that (it) will not get you there. You will still need to build power plants." Crist has praised FPL for exploring a wind power project in St. Lucie County and is ecstatic about utility regulators denying the utility's plan to build a "clean coal" power plant in Glades County.

BRINY BREEZES UPDATE

Watching the procedures in the development of a potentially face-changing well-located property, and how the problems are solved, will set the tone for future such developments, which, probably, are bound to come in due time.

Ocean Land Developments, Inc. of Boca Raton has offered $510-million to purchase a 43-acre trailer park called Briny Breezes, located about 12 miles north of Boca Raton on A1A along the ocean on one side and the intracoastal waterway on the other, and redevelop it over 10-15 years into residential and commercial property. In the 1920’s the community began. In 1958 residents bought the community and it was incorporated as a municipality in 1963. Each property owner had shares in the community based on size and location of each lot. The community’s Board of Directors in 2006 required that 2/3rds of the total shares (15,703) had to okay the deal going forward. 79.95% voted to go forward with this deal.

The Florida Department of Community Affairs (DCA) has come up with a 14-page analysis of Ocean Land’s proposal, stating that risks to the environment and strains on the local infrastructure such as traffic congestion at the Woolbright/A1A during peak times, must be faced, and either right-of-way must be secured for adequate turn lanes, or perhaps the developer must purchase property on the corners.

The reported problems include:

• Absence of public participation procedures and concurrency management system (ignoring surrounding community input)
• inadequate
• density and intensity standards
• provisions for affordable housing
• provisions to protect manatees
• mechanisms to ensure intergovernmental coordination as the current governmental body is very informal and composed of people who stand to reap the benefits from selling which may be a conflict of interest
• lack of data and analysis
• for impact on public facilities and roads
• related to hurricane evacuation and planning
• lack of level of service standards for public facilities
• lack of financially feasible 5-year schedule of capital improvements
• objection to plan’s proposal to develop land use regulations later on rather than include them in plan submission
• incompatability with surrounding community
• too many units

The developers say the report was “as expected… and we’re going to be able to address the recommendations.” They also complained that they have asked the governmental “powers that be” to meet with them, but so far they have not come forth to do so.

Suggested ideas include traffic lights, pedestrian crosses and signals, and the question then comes up as to who pays for what, the developer or the county. Briny Breezes residents have had to deal with public acrimony over the possibility of this plan going forward. Another problem for the development to face is that currently inadequate water consumption supplies exist, where to get the needed water supply from, and how to improve that issue. The 60 water utilities of Palm Beach and Broward Counties already estimate that by 2025 300-million more gallons a day, twice as much water as what’s used now, will be needed daily for the expected million additional residents. Finding a way to economically use seawater for drinking and personal use might be one way to solve this problem although there are many issues beyond the cost of its preparation to be considered.

IF YOU "FLIP" HOMES, THIS MAY BE OF INTEREST

A nationwide search is being done for the new cast of characters who will be featured on the upcoming season of Flip This House! The producers are searching for confident, charismatic, motivated and opinionated people who "flip" residential properties for a living. They want real-estate adrenaline junkies who love the high risk, high reward nature of their jobs and who are devoted to doing a great job! If you would like your team featured on the upcoming season send me an email and I’ll have them contact you.

marilynfjacobs@gmail.com

HOME & CONDO SALES PREDICTED TO MAKE STRIDES

More and more positive mentions of home sales are being seen in the media.

NAR projects that sales will have a gradual upturn becoming more pronounced by the end of 2007. FAR reports that statewide sales of existing single-family homes in Florida totaled 12,607 in May, which is more in line with May 2002 activity, prior to the housing boom years, than May 2006 with 19,072 homes – a 34% decrease in the year-to-year comparison.

The MSA (Metropolitan Statistical Area) reported that the Boca-West Palm area had 741 homes sold last month compared to 982 a year ago, producing a 25% decrease. Median price was $387,800 whereas in May 2006 it ws $391,000 resulting ina 1% decrease. 613 existing condos changed hands last month, up 11% from the 552 condos sold the previous year. Existing condo medial sales price in May was $217,400; a year ago it was $218,900, for a 1% decrease.

Among the state’s larger markets, the West Palm Beach-Boca Raton Metropolitan Statistical Area (MSA) reported 741 existing homes sold last month compared to 982 homes sold a year ago for a 25 percent decrease. The market's median sales price for homes was $387,800; it was $391,000 in May 2006 for a 1 percent decrease. A total of 613 existing condos changed hands in the MSA last month, up 11 percent from the 552 condos sold the previous year. The existing condo median sales price in May was $217,400; a year ago, it was $218,900 for a 1 percent decrease.

BRINY BREEZES PROJECT HITS A BUMP IN THE ROAD

Last January, Briny Breezes residents voted to sell the 43-acre park to Ocean Land, Inc. for $510-MM. The Treasure Coast Regional Planning council, which covers Indian River, Martin, St. Lucie and Palm Beach Counties is, for the first time, reviewing an entire town and the Department of Community Affairs is reviewing the town’s rewritten comprehensive plan. A digital model was prepared of what a development of the maximium density, 40-60 units per acre, would look like.

With no independent city council, the developer is in charge. Ocean Land has been urged by the council’s staff to be more specific in its plans and to show they were compatible with surrounding development. Ocean Land plans about 900 condo and time-share units and a 349-room hotel in several towers rising above state road A1A.

Ocean Ridge and Gulf Stream, neighboring towns, have opposed plans and mentioned that Boynton Beach could annex the resort, and that the developer could help ensure that enough affordable housing is available there for resort workers.

Hurricane worries for a high-rise have been mentioned for a building so densely populated on a barrier island. Environmental groups have spoken against the project. There is concern that the number of units it would take to reach a standard return on the investment was alarming at best. Cost of insurance could be a problem. Water, sewage and traffic are concerns. Storm evacuation could be a problem.

The DCA will return the plan to Briny Breezes by the end of the month with comments for changes and final approval, and then will further review the plan.

ISRAEL BONDS INVESTMENT BILL SIGNED BY GOV CHRIST

A bill authorizing county and local governments throughout the state to invest surplus funds in bonds backed by the full faith and credit of the State of Israel has been adopted by the Florida State Legislature, starting July 1st, and was signed by Governor Charlie Christ on June 8th at a ceremony at Temple Beth El in Boca Raton.

Those authorized to invest are state agencies, municipal fire and police pension funds and local governments.

Gov. Christ recently returned from a trip to Israel that focused on bilateral trade between Israel and the State of Florida.

The first Israel bond was sold in 1951 and close to $25-billion in investment capital has been secured for the development of every aspect of Israel’s economy including agriculture, commerce and industry, and to absorb Jews from the former Soviet Union, Ethiopia and elsewhere.

More than $100-million of Israel Bonds are purchased every year within the State of Florida by individuals, corporations, pension plans, universities, hospitals, foundations, unions, banks and insurance companies.

“PROTECTING FLORIDA’S INVESTMENTS ACT” SIGNED

Florida has now become the first state in the US to link its public investments with the actions of “rogue” nations.

The new law allows Florida to divest some of its $150-BB fund and other public investments from firms that refuse to stop doing business with or otherwise support Iran and Sudan. Genocide and the development of nuclear weapons by Iran, the “world’s leading state sponsor of terror,” will not be sponsored by Florida, said Senator Ted Deutch (D-Boca Raton) and he praised Florida Governor Charlie Christ, just back from a trip to Israel, for signing the bill.

Deutch says he is working with other states to accomplish a similar program, and Governor Christ has sent letters to Governors of 49 other states encouraging them to follow suit. Deutch said the use of the law would require three steps: Identify firms with ties described by the law, Engage those firms “in a dialogue that causes them to understand what they are doing, and Ask that those ties be severed. If they are not severed, those stocks will be divested from the pension funds holdings.

This bill was signed by Governor Christ at Temple Beth El in Boca Raton.

TAX CUTS ARE IN.....

Dear Property Tax Reform Supporter:

I am excited to announce that an agreement has been reached between the House and the Senate on the tax cut levels for historic relief and reform package that will save Florida taxpayers $31.6 billion over the next five years. This is, by far, the largest tax cut in Florida’s history.

I cannot be more proud of the excellent work of our negotiating team and the valuable input from our respective legislative chambers. Together, we are bringing forth a thoughtful and comprehensive plan that will give every property owner – homestead, non-homestead residential, and commercial/industrial – a tax cut this year. We are confident that when this plan is implemented, Floridians will finally have a more equitable tax system that will yield property tax bills that they can afford to pay.

The details of the plan are provided below. Thank you for continued involvement in this very important issue. Please e-mail us at info@nomorepropertytax.com for more information.

Sincerely,

Marco Rubio

Speaker, Florida House of Representatives

$15.6 billion in Immediate Tax Relief and Reform (Statutory Changes)

• Beginning this year, every category of property taxpayer will benefit from the cut and the cap that the statute imposes.
• All cities and counties will be required to cut taxes in the upcoming 2007-2008 fiscal year to the 2006-2007 revenue levels. These local governments will then be required to make an additional cut of 3%, 5%, 7% or 9%. The level of cuts will be determined by a formula that analyzes their taxing performance over the past 5 years, measured against a statewide average.
• Special taxing districts and fiscally limited cities and counties will be required to cut taxes to the 2006-2007 revenue levels and make an additional cut of 3%.
• A cap on future property tax revenues (based on the rate of personal income growth and new construction) will be imposed to ensure that government cannot grow faster than personal income.
• Local governments may override the cut and the cap. The method for the override will vary based on the magnitude of the local government’s action (escalating from a supermajority vote of the local governing body, to a unanimous vote of the local governing body, to a referendum).

$16 billion in Further Tax Relief and Reform (Constitutional Amendment)

• The estimated average savings for a homestead property (combining statutory and constitutional changes) will be $1,300 in 2008-2009. This average savings represents a 44% reduction.
• “Save our Homes” is replaced with a new “super exemption”. An estimated 73% of homesteaded properties will receive a greater benefit under this new exemption.
• The new “super exemption” will be as follows:
• Level 1: Homestead Property will receive an exemption of 75% of the first $200,000 in value of the home. The minimum exemption is $50,000 per homestead.
• Level 2: In addition to Level 1, homestead property will obtain another 15% exemption for the next $300,000 in value.
• We will grandfather the tax savings and assessment cap for the minority of property owners who have greater benefits under the current “Save our Homes” plan.
• We will preserve all existing constitutional exemptions based on special circumstances, including those now provided to disabled veterans, low income seniors and agricultural lands.
• Because the tax base for all taxing authorities will decline under the constitutional amendment, the fiscal analyses reflects a reduction in school funding. We intend to hold schools harmless from these cuts.

Other Constitutional Changes

There has been agreement to address remaining issues such as additional relief to low income elderly taxpayers, offering incentives for affordable housing and providing tax reform for “working waterfronts” and small businesses. Small businesses will receive a $25,000 tangible personal property tax (TPP) exemption resulting in a total exemption for $1 million of the 1.3 million businesses who must pay this tax. Furthermore, those who receive a total exemption on their TPP will never have to file the burdensome paperwork associated with the tax again.