RESIDENTS GET “BOON” FROM PALM TRAN’S NEW BUS LINE DOWN A1A

Bus service returns in early July. Every Wednesday beginning July 9^th the Coral Link will make hourly trips up and down State Road A1A from 9:05 am to 5:35 pm. The route encompasses a north and south run between Lake Worth Road and Ocean Avenue and goes as far west as the Lake Worth Tri-Rail station and the Winn-Dixie and Kmart stores in Lantana, Walgreen’s, Lake Worth and Lantana libraries and post office branches in Lake Worth and Lantana. Connection points will be provided to larger, major routes. The bus will pull into condominium parking lots for easier access for residents and upon request, will deviate from its route by up to ¾ of a mile to access stores and medical centers. Riders can call up to 3 days in advance to schedule a route deviation, or inform the driver upon boarding. The drivers have been instructed to pick up riders anywhere along State Road A1A and stops will be posted along the way. Cost is fifty cents for all riders, and they must have the correct fare. No passes will be accepted, and drivers will not carry change. This FLORIDA DOT is funding this pilot program for its first year, and will continue it if successful. For information call 877-870-9849.

NOTE: YOU MUST MOVE OVER FOR STOPPED EMERGENCY VEHICLES ON HIGHWAY

With the primary objective to save lives of law enforcement officers conducting traffic stops, a statute passed during the 2002 session of the Florida legislature requires that motorists traveling on I-95 and other Florida highways with two or more lanes traveling in the direction fo the emergency vehicle “slow down” or “move over” and out of the lane closest to the vehicle as soon as its safe to do so, when approaching an authorized emergency vehicle stopped on the highway. Drivers are required to slow to 20 miles per hour less than the posted speed limit if 25 miles per hour or greater or travel at 5 miles per hour when posted speed limit is 20 miles per hour or less.

KEEP IN MIND WHEN GETTING A MORTGAGE, THAT YOU GET MORE PROPERTY FOR THE MONEY WITH A LOWER RATE.

FLORIDA ASSOCIATION OF REALTORS

Rates on 30-Year Mortgages Jump

Washington, June 13,2008 – Rates on 30-year mortgages jumped to the highest level in nearly eight months, reflecting increased concerns about what the Federal Reserve might do to battle inflation.

Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.32 percent this week. That was sharply up from 6.09 percent last week.

It was the highest level for 30-year mortgages since they averaged 6.33 percent for the week of Oct. 25.

Analysts attributed the big jump to increased concerns in financial markets that the Federal Reserve might be preparing to start raising interest rates in order to make sure that inflation does not get out of control.

MORTGAGE RATE TREND INDEX

Most experts (71 percent) polled by Bankrate.com generally expect mortgage rates to continue rising over the next 30 to 45 days. However, 21 percent expect rates to go down while only 8 percent predict no change over the same time span.

Perhaps NOW is the time to buy… more and more listings are showing price RISES, not DROPS. These are indications that there is an uptrend RIGHT NOW.

TEMPLE BETH SHIRA TO JOIN UNION FOR REFORM JUDIASM

Four years ago, five families formed Temple Beth Shira, West Boca’s Reform Synagogue, as a supportive congregation. Today more than 130 families are members of this multi-generational congregation, devoted to Torah, Jewish values, social action and community outreach. Members come from Boynton Beach to Coral Springs. On Friday, June 13^th the temple, in West Boca, will be officially welcomed into the Union for Reform Judiasm, the only West Boca Temple to be so affiliated. Attendance at the event is free. For more information call 561-912-1453 or go to www.TempleBethShira.org. The Temple offers a comprehensive religious school, bar and bat mitzvah training and small classes. There is an active sisterhood and brotherhood. Cantor Ellen Stettner is the spiritual leader. She served as Cantor of the historic Stephen Wise Free Synagogue, New York City, NY, from 1981 through 2002, and was the first person to have occupied that position. She also served Temple Israel in Melbourne, Florida, as interim Spiritual Leader, before accepting the position of Spiritual Leader of Temple Beth Shira in West Boca Raton. Services are held every other Friday at 7:30 pm at West Boca High School. For more information call 561-912-1453 or go to www.templebethshira.org.

$232-MM – NEW WORLD RECORD FOR RESIDENTIAL PROPERTY?

It is widely reported, but not yet confirmed that Lakshmi Mittal is ready to spend USD $232-MM on a home for his son, Aditva Mittal (pictured here), in London’s Kensington Palace Gardens neighborhood. According to Forbes Magazine, Lakshmi Mittal is the 4^th richest person in the world with an estimated personal net worth of $45-BB. Current property owner is Noam Gottesman, hedge fund manager.

BOYNTON BEACH “GOING GREEN”?

Incentives are being proposed to allow developers to build at higher densities and offer fast-track permitting and reduced permitting, impact and other fees. Two non-profit groups dedicate to environmentally conscious building would offer LEED (Leadership in Energy & Environmental Design) certification. They are the Florida Green Building Coalition and the U.S. Green Building Council. The developers would construct energy-efficient buildings, saving on water use, and incorporate other “green” features including using Earth-friendly materials. Developers are concerned that “building green” is costlier, perhaps 10% additional, and that cost would be passed on to the buyers. It may be that buyers find a “green” building more desirable despite a higher cost.