I T. 14

—T

Herald A Uintern 14 April '82 *

THK. Ml NKMINK Club of C^ape -Way ha» matk* a pledfte M n,500 to the Rurdrtl* Tomlin Hoapital Builcltrta Fumi Thin is an organisation made up of ■amor Miin«na who moot rponthly in tho, Kiwahis Clubhouw on Reach Dr They, want to be remembered as doing their part ih the newly planned-

expansion program and realize we are fortunate to have hoapital facilities so close to home WILLIAM FORWOOD, representing the state' Ofllce of Cultural and Environmental Services spoke on .the restoration of older striictures during the April 4 meeting of the Vin-

Sews Notes from-

The Cape Mays Dolly Stango

884-3891. •Knights | Columbus Communion Breakfast, Sunday. April 2S at the Golden Eagle Inn. •Essay and Porter Contes^Awards, 3 p.m. Satur-

day, April 24 at the Rotary Bandstand. , •Rescue Squad Auxiliary Dinner. 3 to 6 p.m Kiwanis Clubhouse; all homecooked by president Julie Glnder.

Confused about I.RA.'s, All-Savers. . .where to put your money? Before you decide, Jet's talk about what's best for you. In banking. People still make the difference

tage Homeowners Assn, at the Welcome .Center. You, too can qualify to obtain a thx credit for the rehabilitation .of your building — providing it’s at lehst 30 years-old, is in the Historic District, and is income phoperty (though you may live in it yourself). THE ECONOMIC Recovery Tax Act of 19Rl’ provides investment tax credit (ITC) for rehabilitation: 15% for buildings at least 30 years old; 20% for buildings at least 40 years old and 25% for certified rehabilitation of certified historic structures. Example: $100,000 tified rehab of certified historic structure. The 25% ITC of $25,000 can be deducted from taxes owed and the entire $100,000 can be depreciated over' a 15 year period. Example; $100,000 rehab of a 40 year old building. The 20% ITC of $20,000 can be deducted from taxes owed. but only the hemainder.

$80,000, can be depreciated over a 15-year period. THE PROJECT is required to meet aubatantlol rehabilitation 4^t to qualify for ITC.^ehab costs must exceed $5,000 or the adjusted basis of the building, whichever is greater Lessees with at least a 15-year lease qualify tor the ITC. Structures leased to tax-exempt organizations apd governmental entities now qualify for iTC OMVher-occupant ' take credit for that tfftion of the building that ^is income-producing. For your application, contact the Of/ice of Cultural and Environmental Services, 109 W. State Street; Trenton, N.J. 08625. (phone 292-2028); all inquiries attention Mr. William Fqrwood. • • • •Our Lady Star of the Sea Communion Breakfast, \ 11:30 a.m. Sunday, April 18 at the Gold' Whale. For tickets, Agnes Nehrihg

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Bound For West Point

’nb&FjilC 10 Offices throughout Cape May County

FISHINci CREEK - Kenneth G. Carrick, a senior at I/iwer Cape May Regional High School, has received an appointment to the United States Military Academy at West Point. He was nominated to West Point by Sen Harrison A. Williams, Jr, and to the‘ . Air Force Academy by

. Congressman William J.

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Garrick also received a full four year Navy JtOTC scholarship to the college of his choice, however, he has declined in favor of West Point.

Kenny, who is the son of Mrs. Frances Carrick of 322 Oakdale Ave. and the late E.R. Carrick Sr, is vice-president of the Student Council and president of the Key Club. He will enter West Point July 1.

STONE HARROR RRUNiK 4 April 1 NORTH R SOUTH t Bill Kentner 4 ‘Ruth Rww 2 Kalb Ctrtel A Barb Slnfier 3ITI*) NanZHIbr*. dol Taylor Barb Bartnwtak A Loutae Rrauar a

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