PAGE 16 —SECTION TWO R.E, Far Sale RE. For Sale THURSDAY, FEBRUARY 14.18 OPEN HOUSE Saturday and Sunday 12 to 5 p.m. 102 & 3rd Avenue Stone Harbor, M. J, CONDOSwon SALE A truly unique opportunity, id attractive units available. Robert A. Rownttial Raaltor aoi: MMtni ajul. HI REALTY JOIII ATLAHTIi AVINUB fJt*NTIC CiTV, «J. 0*4*1 *liw M»urii UH«» WISHAM REAL ESTATE NEW LISTING • itrgt family home or guest house (licen- sed), healed. Owner's apt. plus j bedrooms, %v% baths Mostly furnished. Parking Very good condition %72,000. NBW USTINQ—multi-unit, goad fhcome producer, 4 fur« lilihetf Unit} in good condition. Call now, CHARMING NEW LISTING in prestigious. Gardens, ] bedroomi, 2 baths, spacious den, fireplace, garage, sun* deck. —New Listing, 4 bedrooms, l baths, family room with fireplace, ilso game room, enclosed rear patio and deck with awning, AI condition, 101 <strong>Ocean</strong>Ave. - 3990100 franklin ,H«w« AH for only •HJJOd. Thdi Mgry, v«y clean pataa M A B U ' ^ L u ^ ^ j ^ G ^ ^ ^ A ^ — * — • — * flf»elaa,JVkiialh». vary kwuMRv bin •no fflucn mart, chant and Smith Matty, inc. f]MB44. n WHAT WILL YOU ~ gain by waltlndt Htahtr kntmt. Ma nouaa and mora otfl TMtthrtaMsry«ii*>l houtt II |gat waffing to baseanad far »• tummtr aaaaan. AMUng tAMO. camun, n tattar Hsmaa. Inc. fttdi owe* •>• ilaaanilmll, aamad and aaaratad. Chat C.Crwm^,«aaitor.M7JifTor»r., ,VB- »•» HAVm YOU", NEXT.- safHamtm af NiNBaOATSLiPS~*niiaptrtin*nni Jim mkiuhn Dy boat to ocMn and Ddtwart Bay flihins. Btaullful panonmlc vtow.af cap* May harbor from M O apanmanf. kuikliMdM with MMtno aoao. Viaw alma w n thi irlag«tll>^M. B»n»r hurry. Cwtllft. ftMlty, »n*». Cap* May. can M4- «»J. ' Ml HOU««>W.Y R3R SALl _ ioTn<strong>of</strong>rar" HI* m> ST., >laad» «, good owdltKpr, i** 1 " 2!|"**"? "*"- "*•>- '•• N j. Cat 3N«M. ti iwma lauataa on m term. Lara* and orfsl, US tt. <strong>of</strong> r*M frantaoV «nti fkianek* e«MaM* to H.H. Hand. Haalnm thH Mi jp-affrey & If'C I. tS4S,SMuBtMilB kURHOrU.HJ:. AFFOBDAOLI! LIVINb* IHOCBANCITY NEW CMilructlHi, NinclMr with i Bsdroomi. 1 b.m. cwlr.lly IMIIHI. Call ttMv far inlormptlon. ppici I5f.fOO.00 OCEAN CIT¥-Mr«lnn. > Ndroein, 1 l»th duplis. only • yt iff old. Call for in .ppolnlmeni Atklng •fi.000 OCEAN CITY SMIh (M, KH1 Block dupiii, TiirH ssdroomi gn «£h (losr, front and mr dtcli- Cio«nclng avallibla to quilitlnt buyeri. Atking tut.ooo. UPPER TOWNSHfP JUST LISTEDI •Mutlfui tflir round nollhMrftood, 1 MnMi, IM talil ipllf '•
I PAGE 18 — SECTION TWO THE SENTINEL-LEDGER, OCEAN CITY, N,J« Follmv historic precedent Foreign investors seen as good economy p TAKIOUT KITCHEN Cor. 10th St. & Asbury Ave, - <strong>Ocean</strong> <strong>City</strong> Phone 399-1348 FINE QUALITY MEATi THE OCEAN CITY 1 1?t BUTCHER SHOP and DELICATESSEN if Serving <strong>Ocean</strong> <strong>City</strong> Since 1952' -FROM OUR BUTCHER SHOP— Best Quality Extra Lean Ground Beet Perdue Chicken Parts - Less and Breasts Steaks • Roasts • Stews • Chops • Hams To Order Meats Call: 3990986 FROM OUR DELICATESSEN HOT ROAST BEEF SANDWICHES top Choice Steer Beef Prepared and Cooked in Our Butcher shor Delcious Hot C<strong>of</strong>fee to Go" -THIS WEEK'S DILI SPICIAL^ Thurs., <strong>Feb</strong>. 14 thru Wed. <strong>Feb</strong>. 10 TUNA HOAGIE $ 1,60 A FREB Cup <strong>of</strong> sur delicious Fresh Hot C<strong>of</strong>fee with every hoagie purchased at regudr orlce I ; —— Sandwich Orders SM-TiBO^-J Enjoy our Sandwich Specials as <strong>of</strong>ten as you like. No coupon evar required. NsnhEiif i T(JF,,SAT, I EASY «Mwtft 10 a.m. - 5 p.m. J PARKINS The Internal Revenue Service advises taxpayers who did not receive their W-2 earnings statements by January 31 to contact their employer. The law requlrea employers to make earnings statements available by January 81. The IRS wUl assist taxpayers to securing their W-2s, but not until after the employee has made the attempt Taxpayers must have • W-2 form from each employer they worked for in 1979. These statements, which show amount <strong>of</strong> earnings a» well as amount <strong>of</strong> federal income tax withheld, must be attached to the tax return when it is filed., BET* POSITIONS AVAILABLE The Stockton State College Pwtormiag Arts Center h> vitas Interested persons to apply far positions at the Qmter under the fflTA Work Program, Currently, the anttrhMj* areas <strong>of</strong> Orap'hles, Scene Shop, and Costume Shop. <strong>On</strong>e position will be filled from each area. Persons who meet the CEIA eUfibflity requlrementa should contact fee Performing Arts Center OMee at MOW. Looking for the Right Home?g (MlvMiuli art nHrM mula la MM 1 «(M madicil can in w> VIM W man. MMr MM M LMMI MHMMI cntar, M UMMM mn CM MMM * MMI «Imainura aim inM (arMMi at- NUtM dnlfiwd M mtn HMr ladlitr M iMk Jmty KfrMMi kv MM MM emMaiM « ActrH(hHMMM«pHM., (WMNMHHMIH.J UHM H«. ttm mm • (NMflMfli THURSDAY, FBBRUABY U. lam During the current year, the Mi reeaitty completed itudy i Arabs are expected to earn on laws affecting foreign Traditionally, foreign some |70 billion from oU sales. trade and Investment, eon* Investors employed their With thai amount <strong>of</strong> money sr ducted for a special com- capital In the United States to more, might they try to buy mittee <strong>of</strong> the American Bar •arch <strong>of</strong> • pr<strong>of</strong>it," he com- up the United States? Association, was published in ments. "Their behavior was "If the Arabs were to invest December under the title "A predictable according to fee all their surplus oil revenues Guide to Foreign Investment logic <strong>of</strong> economics. If the in the United States because Under United Sates Law" by foreign Inwsters they ire seeking to make Hsreourt Brace JovanDvieh. pr<strong>of</strong>its, I do not see that there Noting that foreign in- is a great deal to worry vestment financed U.S. about," sayi a Rutgers railroad instruction in the University expert on InUOOJ as well as the Louisiana ternational trade and taw, Purchaie <strong>of</strong> IMS, Roth potato "Besides," he adds, "we out that, "to date, no influx <strong>of</strong> can use the money." foreign investment hai Pr<strong>of</strong>essor Allan Roth is aproved tragic to the United faculty member at both the States." urtverrty*s Graduate School If, however, the massive <strong>of</strong> Business Administration, mnounts <strong>of</strong> newly acquired where he heads the Inwealth in the hands <strong>of</strong> ternational Business In- foreigners were used to buy stitute, and at the School <strong>of</strong> significant U.S. properties for Law, where he teaches a non-economic reasons, course In International law. problems could arise, Roth Richard L. RaabD.D.S,, P.A, announces the relocation <strong>of</strong> hin <strong>of</strong>fice to 600 West Pr<strong>of</strong>essional Bldg. Corner <strong>of</strong> 6th and West Ave«, <strong>Ocean</strong> <strong>City</strong>, 1V.J. Our phone number remains 399-4542 Re-Opening <strong>Feb</strong>ruary 20th Ash Wednesday 1 variouatimes In our history, likely to expand in Im- however, fear <strong>of</strong> foreign portance given fee reJe <strong>of</strong> control resulted In enactment •merging eoptries — In <strong>of</strong> laws restricting foreign many <strong>of</strong> which the%>vem- investors in one way orment is a major component <strong>of</strong> another. the commercial activity — as suppliers <strong>of</strong> Increasingly "SHU," he adds, "we have important raw materials" motives art fewer restrictions on foreign While Roth reaUrfeally and not economic, then there is investors than any other less certainty about what they oounh'y in the world." bemusedly concludes that Us book Is not a beat-seller will do, What changes does he see in candidate for fee average "To use a hypothetical (he coming decade? reader, he believes it will be a situation, If Kuwait wanted to "If we accept foreign in- "ready reference'' for buy General Motors and move vestment as good for fee it to Kuwait because <strong>of</strong> the United States and other lawyers, bankers and others prestige <strong>of</strong> producing nations,"hesays,"wehave to concered with foreign In- Cadillacs there and to create restrain ourselves from shortvestment. employment opportunities, term reactions that result in "And pa-hips," he smiles, they could afford to do It. restrictive laws. They "it may even be used as a - ^ i ^ — ^ ^ > - ^ — ^ ^ _ ^ _ _ _^ _ _ They might be willing to guide by the staffs and Rutgers pr<strong>of</strong>essor Allan Roth has compiled an extensive listing <strong>of</strong> laws accept the fact that the move would be terribly costly and affecting foreign investment in this country in his recently published that production in Kuwait book, "A Guide to Foreign Investment Under United States Law." He could not be carried on as believes that such Investments will cause no problems here if they're efficiently as in Defrelt. Tie "As national regulatory made for strictly economical reasons, other, non-economic een- systems begin bumping Uto —, . - < * » \ m • « • tideratfons, might be more Important to mem. SSSSifSStSSi be retalitory actions from feeCasino classes added at Atlantic Community "It Is the realization that affected countries. Australia Atlantic Community this is possible mat gives rise has already passed a lw to CCL and cooperation with represen- their home county by College will <strong>of</strong>fer seven new presenting a chargeback farm to anxieties In the United retaliate against the ex- —interpersonal comtatives <strong>of</strong> the hotetcaslno college-credit courses as part when registering or pay out. States. Happily, in tact, thetension <strong>of</strong> U.S. anti-trust laws munications, Saturdays, 9 industry and experts in casino <strong>of</strong> its casino management Arab countries have purused beyond our borders and ajs. to 12:30 p.m., Mays managemait <strong>of</strong>-counly fees. Forms are certificate program, begin- rather traditional economic England has a nimllar bill Landing campus. Tuition U fMJQ far the flrit available from the county ning <strong>Feb</strong>ruary 25. objectives In their In- awaiting action in its Cooperative education course and |tt.K for each clerk's <strong>of</strong>fice. vestments In the U.S. Maybe Parliament. Registrations wUl be ac- credits may be obtained subsequent course. Persons Assistance and complete the Libyans or some other "As more pr<strong>of</strong>essionals get cepted from <strong>Feb</strong>ruary 14 through the casino who ha ve never attended ACC information about all <strong>of</strong> ACC'ju extremists cannot be relied involved in international through ffl, 9 a.m. to 4:30management program. will be assessed a »10 ap- casino management courseSf upon to follow suit, but their trade, our schools will have to p.m., at me Registrar's Office The certificate program plication fee. Out-<strong>of</strong>-county can be obtained by calling the Impact la small." prepare them to deal with its in Walter E. Edge Hall on feewas developed by ACC- residents can can arrange to have <strong>of</strong>fice <strong>of</strong> the registrar, 085-1111 Although Ms book deals many facets. At Rutgers we Mays Landing campus. buslness department in close part <strong>of</strong> thei their mitten paid by o or MM9M MM9M, ext. t 308 308. with the United States lain have graduate business Each 12-wtek course will that apply to foreign in- programs dealing with fee meet oncea week on fee Mays vestment, Roth does not make managerial aspects <strong>of</strong> foreign Landing campus or at ACC's any Judgments about the trade, and, at fee law school, Casino Career Institute adequacy <strong>of</strong> these law* to students are learning about (OCX), 1535 Baeharaeh Blvd., meet the new realities <strong>of</strong> fee legal aspects <strong>of</strong> tran- in Atlantic Qty, foreign investment. snational business. This is The courses, their dates, "I haven't attempted to particularly important for tunes and locations are: evaluate whether our existing New Jersey, which to one <strong>of</strong> —introduction to fee hotel, taws are good or bad," hethe most popular states casino industry, Wednesdays says. "Hut's a governmental among foreign investors, and 2:30 to 6 p.m.; Mondays 7i80 policy decision. The study was where, it is estimated, one out to 11 p,m.; or Fridays, 2;80 to limited to identifying the <strong>of</strong>ten <strong>of</strong> every four Jobs Is related to i p.m. at OCXperplexing array <strong>of</strong> state and international trade. -casino law, Thursdays, federal lawa that affect "Finally, and equally 7;30 to 11; Fridays, 7:30 to 11 foreign investment. I see my important, we're now meeting p.m.; or Saturdays, 9 a.m. to book as a 'roedmap' feat will foreign governments in fee12:30 p.m., Mays Landing help the prospective investor marketplace. That gives rise campus; identify mew taws." to some interesting and —casino accounting, Historically, Rom notes, the unique problems. Are they to Tuesdays, 2.-30 to 8 p.ni; United States has encouraged be treated as sovereigns or aa Itaesdays, 7-SO to 11 p,nj.. foreign investment. other participants in the Wednesdays, 7-80 to 11 p.m., "Our earh/ laws reflected a market? In 1976, the United at CCI; or Saturdays, 9 a.m. basic policy <strong>of</strong> treating States passed fee Foreign to 12:30 p.m., Mays Landing foreign investors with respect Sovereign Immunities Act campus; and equaUty," he says. "At distinguishing a country's —hotel-casino security, governmental and comMondays, 2:30 to 6 p.m., or mercial roles, and in this Ihursdays, 7:80 to 11 p,m,, W-2 missing? Established in 1912 litter capacity, provides for 1001 Asbury Avenue Phone 609-399-0012 them to be treated like any —casino, mathmatics, Contact employer private party. The issue is Ihursdays, 2:80 to 6 p,m., at FflEE PARKING NEXT TO OFHCE 7th Street Market 8. Oeneral St Stort 1701 Alburv Aw, 39JM363 <strong>Feb</strong>ruary Fresh Features" Beef Cubes,. Stewing Lamb FgMhe Gourmet • Loin Lamb Chopi 2, Juice Oranges gg American Cheese Swlsi Chiesi $2.2 Homemade Cherry Pies • orter E«riy YOUR COMPLETE GROCER THIS ISA SiRViCE STATION But not for gas or Oil. Insurance is our product. We fill each client's need with high-test service, not just the regular. Before, and after the sale, insurance service is our most important policy. WOOD /"VGENCY «•>' ••ALUTATB 30 Month Money Market Certificate 10.65% During <strong>Feb</strong>ruary <strong>1980</strong> Minimum Deposit'1000. Substantial Interest penalty fer early withdrawn Interest r90 DAY NOTICE PASSBOOK SAVINGS ACCOUNT / 11- 6.18 % Effective yield *** Minimum Balance | | Penalty on all early withdrawals -- ,.. „_ '„ .rWTtlitSTCOiiPifrPBMiiY , j Day <strong>of</strong> Deposit to Day <strong>of</strong> Withdrawal K. CCO/ UiDo /a MMnMiaiifWd IF YOU DON'T TEACH HIM TO SAVE MONEY - WHO WILL? We can help. The younger, years are the best time in life to prepare your children for the future. A savings account that you open in their names and then insist they save regularly is a fine way to get started. WE HAVE AMERICAN EXPRESS TRAVELER'S CHEOUES and MONEY 0RDER8 mil . Jfet Thursday, <strong>Feb</strong>ruary 21,<strong>1980</strong> Tr<strong>of</strong>a questions legality <strong>of</strong> center paving By WX.HAACKER with u outright gift. legal problems. The center Is "J have •ortouf doubts and on city grounds and It is in- <strong>Ocean</strong> <strong>City</strong> Councilman, reservation that council can directly city supported. If it is Nlckolas J. Trote Jr. told the make a contribution to anIllegal we'll have to work it to Smttnel-Ltdger that he plans ouWde agency—I don't think among council." to) legal, 11 Richard Rabat, chairman during last week'* meeting. caused bis furor and wish to make It pr<strong>of</strong>itable?" chairs." <strong>of</strong> the recreation also declined KabBt, obvloudy frustrated witbdrawl the request (ran Rabat alto said mat the But Council President to comment for the record daring council's debate, at> council." He added, "If it U center could afford to pay for Woods, Ignored fee request yesterday. terapMd to remove bis not a city project, who's going paving, but "the second floor However, at one point nquett, saying. "Tin sorry I to get the dividend when we won't have any tables or (Please mm lo page m to seek pr<strong>of</strong>essional advice on , the legality to pave the Tr<strong>of</strong>a taidhtplana to send • community center's parking letter to coondl questioning lot with public funds as ap- 0» legality <strong>of</strong> the funding 'Land lover' gejts first taste <strong>of</strong> flying proved in last week's council formula Oat ma mated out meettng. in council last Thursday. W The plan that was approved "I object to the way it was would call for complete done," «pl*ln«d th« volatile Binding for the paving .out <strong>of</strong> councilman. "We have ByPlTIEYARD the city's capital im- regulation* mi ruton and provements, and operating •hould net make loopholes." There I wot, tiuing In a small, single engine Piper budgets. Coundlmea William Cotndl President William alrpUme which was at the end <strong>of</strong> the runway, ready/or J. Mels and Tr<strong>of</strong>a cast the & Wood* decBned to com. take<strong>of</strong>f and I went having m uneasy fwllng. Net actually only deeentlng votes on the * ment on the Trtfii letter panic, mind ytiu, butthetype<strong>of</strong>awdety attack ttm come* to 2 split. •tying that Unce be didn't when you're abut to take your first pUme rWa ml was. '•I'm totally flab- recelveUyet,it"wonldnotbe Actually, I really had. notWng to worry about The pilot bergasted,"- said Tr<strong>of</strong>a, appropriate to oomtnent on vmOckWadinvorthchlef0ghtlnstrijctorat(kematy £"They (community center) it" Airport where we mrw departing from. Also along for the -came to us and flaked for a Woods did say, however, tide were two other friends uto had been on rmtmreua 120,000 loan and walked away "We didn't anticipate any flights themselves, wHch shouW have bordered try confidence, but it didn't right at the moment. What 1 was about to experience waj part <strong>of</strong> an activity Point police matin stillgrowing, despite rising fuel costs and runaway inflaUon-namely, people flying private planes for fun or transportation.Evenbytoday'sstandardfl.flyingiflone <strong>of</strong> the most economical and safe modes <strong>of</strong> traveling any appreciable dUtanee. The fact that more and more people every year are training for a private pilot's license proves •petitioning there has to be something to it. Wadaworth revved the engine up to a paint uftere the spinning propeller changed fipm a blur to transparency and u* started to map forward Quickly our speed inermnedm we roBed ahead andjust as quickly the ground dropped owgy to marktbe beginning <strong>of</strong> flight Silently, I for increase bid goodbye to the mAid ground I knew M^WPII anil preparedtogreet what wdted ahead In the blue, cloudless ByTOMSCHAEFEB •Upport <strong>of</strong> the police depart- SOMERS POINT - PoUw Council woman Hely n here are pg putting Lappm'a vote "wiUbe swayed against it city it council and thetffllftri la fpflM^ eonittunity residents they protect In their support. With •nough drive for a $118,000 referen- aignaturts on the petttlon.Td dum issue to finance the support the man," said hiring <strong>of</strong> ill additional -evaluates A Prencli firm's multi- te costs tad nee* <strong>of</strong> the million dollar plan to upgrade department. the existing Philadelphia- Ihe police committee is Atlantic rail line to ac- composed <strong>of</strong> Bader, &nlth, commodate 125 mph trains ia Lappta and Fontana. Coun- one <strong>of</strong> many options that state dlnuui WQllam Camp said be transportation <strong>of</strong>ficials are need! to ha»e the facts considering The Sentinelpresented to him by the police Ledger learned yesterday. committee before deciding on "Right now, we are in a whether six new men art wait and see phase," said nttdad. Debbie Lawler, a New Jersey Hie coat <strong>of</strong> th# referendum Department <strong>of</strong> Tran- DM MQ tntmawd to be(apoirtation spokeswoman. between «,000 and *8,axr- Explaining that fee Comaccordtag to aty Clerk Mary pagnie Generate D'Elec- Lennle. tridte'8 (OGE) plan to spend •that cost should cover as much as 1200 million to voting machtnas, mechanic* convert the ancient 45-mile on duty, the renting <strong>of</strong> the sketch to handle the high- polling place, the cort <strong>of</strong> speed "bullet train" is one <strong>of</strong> printing (ha questions on Aa the many options the NJDOT baUot, adrertiilng the is studying. h in Mile It is unknown at this dme if the plan will include fee Mean <strong>City</strong> spur, John Volgt, the company spokesman in Atlantic aty, old that WE would line fo upgrade the system down to Cape May and include the <strong>Ocean</strong> <strong>City</strong> spur "but that would depend on what restrictions the DOT puts on However, tawler explained that "we have only seen a tentative plan from them (CUE), nothing concrete, Raider aJumnl gftme set... Section 2, page 9 Historians 'shaken up'—Section 1, page 14 "Flower power' buses Section 2, page 14 In the kitchen Section 1. page 11 Crossword Section 2, page 7 Editorials Settfcm Z, page 2 ObUnaries Secttonl.pagelO Weather and tides., Section 1, page 3 1 125 mph. Voigt said feat 0GB However, GQfj's pUn growth the Atlantic <strong>City</strong> interview yesterday, time we see a light at the end has built a train that travels depend* not only bn state DOT casinos will bring. "Eventually connecting with <strong>of</strong> a tunnel because fee facts fee Paris-Leone line at 200 approval, but also depends on At a recent transportation fee northeast corridor. Thatand projections indicate 37 mph, but added the company governmental leases for hearing held In Atlantic aty. would mean feat trains from million people will visit has no plans to UM it on the rights <strong>of</strong> way, federal ap- Rep. William J. Hughes (D- Boston and New York and Atlantic aty by 1985 and need Pennsylvania-Reading proval <strong>of</strong> the French equip- &d) said, "The economic eventually from fee south, a route ta this area from Seashore line. ment and otter factors, ac- future <strong>of</strong> South Jersey Washington D.C. and fee northeast corridor." "United States raj] cording to Volgt. depends largely on theBaltimore, would be able to "The problem we hive in technology U 30 yean behind Bom federal and local <strong>of</strong>- development <strong>of</strong> modern rail travel into this area. <strong>Ocean</strong> <strong>City</strong>," explained CUy the world," according to ficials agree that the 125-year- servtoe." "I've been working in Admtatotrater Paul T. Me- Volgt, who added Wat Ugh. old Pennsylvania-Reading "I envision time when fee Congress since 1978 when Carthy, "is mat we have a speed rail travel in Europe Is Seashore <strong>Line</strong> (PRSL) must old PRSL line will be a ma JOT Congress wanted ta abandon dally rldership <strong>of</strong> about 40 more dependable ten in this be updated to handle the artery in serving our region," fee (PRSL) line and it was anpeople. If they (fee state) country. eipected rapid population slid Hughes, in a telephone uphill fight But for the first look at the situation with a current comparative cost analysis may will see it's not worth it, but that Is a Agreement reached narrow-minded view. "The future will be a dynamic time for mass transit systems, and It would be preferable for <strong>Ocean</strong> <strong>City</strong> Research firm will remain to continue ia have a rail link at least to Philadelphia. "To do away with the rail ByCHUCKTHOMPBON <strong>of</strong>fered the firm a smaller plained. 1963, could possibly have been link would be Uke doing away portion <strong>of</strong> the land for its A Sentinel-Ledger in- with a city's only factory or, fee result <strong>of</strong> misrepresen- An eipected confrontation corrosive studies. vestigation in October <strong>of</strong> last in our cue, figuring why taUoa among the dty and owners Tie pair has apparently year uncovered the possibility people come to <strong>Ocean</strong> aty Although Hugh L. Hamilton <strong>of</strong> the bayfront property at <strong>of</strong>fered to rebuild the existing feat the fact mat the dty and stopping them. <strong>of</strong> Avalon told fee dty he Tennessee Avenue Friday structure as a two-story originally gold fee S-acre wanted the property to "So based on previous turned out to be a mutually building feat wiH provide property for *7,6O0, a figure policy statements," he said, develop a research firm, he beneficial meeting <strong>of</strong> theadequate space for thefar below the normal selling "we don't want to loose fee minds, according to <strong>City</strong> current operatioln and ex- price at the time <strong>of</strong> the gale In CPleaie turn to pige 12' Administrator Paul T. Mc-pansion. Carthy. George Oehrlng, a "We wen quite surprised spokesman for the research when he (Stuart Pertman, co- nrm, couldn't provide any owner with his brother, details <strong>of</strong> the settlement but Clifford, <strong>of</strong> the 22-«cre parcel called th» Pertaans' <strong>of</strong>fer * <strong>of</strong> land) opened the meeting "atttfactory." Under the OGE plan, V stating he had already ap- The firm will be given a months after it got the goproached <strong>Ocean</strong>. <strong>City</strong> long-ttrm lease on fee land ahead and at the cost <strong>of</strong> Research with a proposition," andbulding. between $100 and 200 million, said McCarthy. According to McCarthy, the company would have "the The basic reason tor fee Perlman also indicated at the only pr<strong>of</strong>itable railroad In me meeting was to determine if a Friday meeting mat he would world," said Volgt. means could be found to ht willing to work with thU He* explained mat OGEprevent the Perlmans from resort in Improving the would maintain an interest in evicting the research com- municipal beat ramp ad- (be company, but would bin pany irom • leased corner <strong>of</strong> jacent to hto property and over its operation to private land an the property. would ajse help develop ad- American firms. Although the architect for JaMBt city land for recreation The plan calls for the the brothers, who head up the electrification <strong>of</strong> the rail line board <strong>of</strong> directors <strong>of</strong> SM ftwaa ted that wffl tfillse 8 percent <strong>of</strong> casino firm which owns and hi an out-<strong>of</strong>-town newspaper (be energy used to transport operates the Boardwalk that me dty would turn its toe passengers In Regency to Atlantic CUT and propsrty over to the Parhnans Caesar's Palace in Las Vegas, tar recrMtion devalopnient, "fivironmenUUy Itls safe," Nev., told TTM S.nil**!- McCarthy said. - > arid Voift, "and energy trite t*lgm- last WNk that (hart It im lot cheaper." was no way <strong>Ocean</strong> <strong>City</strong> The train, called the eorafl, Research couM remain on (ha k the '•standard" In France property, the pair appwently and will travel *t speeds up tochanged their ndMU and ; .•.; • Photo by Ctnr1« imirW ."Buy tie Ptttimm are appsmil) wflUng to hsJp oi Although this semhore line commuter car looks sleek in thta; (the dty) dwetop thto tend photograph, an <strong>of</strong>ficial with a French firm says mass transportation in. because tt would be mutually the U.S. is 30 years behind Europe. ; broettclal," McCarthy ex.
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