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Newspaper
Sarasota News
Location
Sarasota, Florida, United States of America
Date
Jun 23, 1963
Page
16
Residents gain access to a private Gulf beach at Emerald Harbor. Lots sit on canals eight feet deep and 100 to 125 feet wide, fully seawelled. The development emphasizes architectural integrity with a stated minimum requirement.
James C. Downs notes real estate fuels the U S economy as the major job source and funding base. He cites 13.4 percent of nonfarm labor in construction and that real estate provides mortgage assets and tax support for schools and government.
Washington reports the Federal Home Loan Bank Board findings showing an average rate of 5.86 percent for new-home loans in April down from 5.92 percent in January. Existing home rates ease from 6.06 to 5.99 percent as April also sees tighter loan maturities and loan-to-price ratios.
The five mile Bee Ridge Road extension from Cattleman Road through Berkshire Estates to State Road 72 is progressing ahead of contract, funded by property owners fronting the road. Engineer Fred J. Kari and Bill Wynn oversee expediting inspections with Wynn-Warren Construction handling excavation and sub-base work in Venice. A new bridge east of Cattleman Road opened ten days ago and a second bridge near Berkshire began this week. Weather may affect the fast timeline.
A white plastic corner bead is introduced claiming easier coverage than metal beads. It bends tightly to surfaces, is lighter, cuts with ordinary scissors, and requires no special tools. Available in standard lengths of 7, 8, 10 and 12 feet.
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