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The Payne Group
Keller Williams Success Realty
309 Richard Jackson Blvd, Suite 200
Panama City FL 32407
MOBILE: (850) 890-0132
Fax: 888-753-0010

KNOW PAYNE KNOW GAIN BLOG

Jeff Payne

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Displaying blog entries 41-49 of 49

Panama City, Bay County International Airport

PANAMA CITY – BAY COUNTY INTERNATIONAL AIRPORT

 RECEIVES FINAL FEDERAL PERMIT NEEDED

FOR AIRPORT RELOCATION

 

Airport Relocation Project Enters Construction Phase

 

        Panama City, Florida – (August 16, 2007) – The Panama City – Bay County International Airport and Industrial District (Airport Authority) announced today that its airport relocation project is entering the construction phase now that the U.S. Army Corps of Engineers has issued the final necessary federal permit, completing the permitting process. The new airport will be located in western Bay County north of County Road 388 and east of State Road 79 on land being donated by The St. Joe Company (NYSE: JOE).

 

“With the permitting process now complete, we have entered the construction phase of the project,” said Airport Authority Chairman Joe Tannehill.  “We intend to move expeditiously to a groundbreaking.”

 

“The receipt of this permit marks yet another major milestone in the decade long effort to bring better air service to Bay County and all of Northwest Florida,” said Tannehill.  “We have moved a giant step closer to providing this community the opportunity for better air service and more competitive fares; the opportunity to attract new business, industry and jobs to our region; and the opportunity to protect West Bay and preserve tens of thousands of acres for public use and enjoyment.”

 

            Under the terms of the Section 404 permit, The St. Joe Company is providing a conservation easement on 9,609 acres for the mitigation of airport construction impacts.  The land, located southeast of the airport site, will become part of the West Bay Preservation Area.  This easement will become permanent upon the commencement of construction of the airport. St. Joe is also donating 4,000 acres for the new airport site.

 

All Major State and Federal Permits for Airport Relocation Now in Hand

 

“We have now completed both the state and federal permitting process, and we have honored our commitment to protect and enhance West Bay as part of the airport relocation process,” said Tannehill.

 

Previously, the Airport Authority had received all necessary permits from the state of Florida, selected a project construction manager and secured financial commitments from the state of Florida and the Federal Aviation Administration (FAA).  The Airport Authority has received bids for the first phase of airport construction and will select a contractor shortly.  In addition, the Airport Authority is working to complete negotiations for the sale of the existing airport.

 

Rigorous Process Ensured Net Environmental Benefit

 

In evaluating the Airport Authority’s permit application, the USACE was required to consider 1) what cumulative impacts the project would have on the environment if the permits were approved, and 2) if practicable alternatives that would impact fewer wetlands exist. 

 

In issuing the Section 404 permit, the USACE concurred with the Florida Department of Environmental Protection’s (FDEP) analysis.  In its analysis, FDEP cited a number of net ecosystem benefits that will result from the project, including:

·        The conservation and permanent protection of significant contiguous portions of the West Bay region, including bay shoreline, wetlands, streams, uplands and the overall watershed;

·        A wetlands function lift significantly in excess of that needed to compensate for functional losses (impacts);

·        A mitigation plan that significantly exceeds both state and federal requirements for all possible current and future impacts; and

·        An effort to restore a large contiguous tract of uplands and wetlands to approximate historical conditions more suitable for dependent species native to the area.  

 

 

Environmental Protection is a Key Benefit of Airport Relocation

 

“Local environmental groups and the State of Florida opposed expansion of the current airport in the mid-1990s because of the threat it presented to the St. Andrews Bay system,” said Tannehill.  “They sought to create a 'win-win' plan for the future by protecting the bay and relocating the airport.  Their objective became the Airport Authority’s objective.  And by working together, West Bay, one of the most pristine bays in Florida, will have important permanent protections in place to ensure future generations will be able to enjoy it, as we have.”  

 

Dozens of public meetings and many hours of dedicated work by local citizens, local and national environmentalists, the Bay County Commission and the State of Florida produced the West Bay Area Sector Plan, one of the largest land plans of its kind in the United States.  During the years of planning, the Florida Audubon, The Nature Conservancy, the Bay Environmental Study Team (BEST), 1000 Friends of Florida and Florida Wildlife Federation and other local environmental leaders and organizations participated in creating a plan and policies for the sector plan that will protect the water quality, habitat and scenic beauty of West Bay forever. 

In addition to the sector planning process, the Airport Authority entered into an Ecosystem Management Agreement (EMA) with the FDEP.  The EMA includes a comprehensive mitigation plan for the environmental impacts of the relocation and construction the airport.   

 

The EMA was reached using Florida’s innovative Ecosystem Team Permitting approach, a process whereby environmental impacts associated with the airport relocation were avoided or minimized, and a comprehensive mitigation plan was developed through consensus building between the Airport Authority, regulators, and other stakeholders, including local environmental organizations.

 

The ecological portion of the mitigation plan is also the result of an interagency comprehensive regional planning effort in which the U.S. Army Corps of Engineers, the Florida Department of Community Affairs, the Florida Department of Environmental Protection, Northwest Florida Water Management District, the Florida Department of Agriculture and Consumer Services, the Florida Fish and Wildlife Conservation Commission, the U.S. Fish and Wildlife Service, the National Marine Fisheries Service, The St. Joe Company and the Airport Authority participated.

 

Relocation of the Panama City – Bay County International Airport

 

The Airport Authority is nearing completion of a ten-year process to relocate the Panama City – Bay County airport.  In the late 1980s, the Airport Authority began an effort to address significant deficiencies at the existing airport, including non-standard runway safety areas.  When local environmentalists and the Florida Department of Environmental Protection objected to extending the existing runway system into Goose Bayou, a particularly environmentally sensitive part of St. Andrews Bay, the Airport Authority began considering relocating the airport.

 

After completion of a feasibility study in 2000 and a site selection study in 2001, the Airport Authority identified a new site for the airport in northwestern Bay County (West Bay) on land owned by The St. Joe Company.

 

Following the FAA’s selection of the site, the Airport Authority partnered with the State of Florida, Bay County and St. Joe in an innovative planning process authorized by Florida law known as “optional sector planning.”  The process included numerous public meetings, data gathering, analysis and visioning for the future.   The plan was approved by Bay County and the State of Florida in 2002 and detailed specific area plans were also approved in 2003. 

 

The sector plan incorporates approximately 78,000 acres and of particular significance is that the boundary of the plan includes an entire bay system (West Bay) thereby allowing unprecedented planning to protect an entire watershed.  The purpose of the plan was to ensure that appropriate land uses were placed near the airport and that appropriate environmental protection measures were built into the plan.  The plan is conceptual and guides future development and conservation.

           

One of the most innovative elements of the plan, in addition to the airport and economic development provisions, is the proposed West Bay Preservation Area.  The West Bay Preservation Area was designed by local and state environmental leaders to preserve the health and habitat of West Bay forever.  This watershed scale plan will preserve approximately 41,000 acres and, when fully implemented, will provide for habitat corridors, open space and stream protection. 

 

Simplified, the objective of the West Bay Preservation Area is to maintain West Bay in its present, pristine state forever.  Its vision, especially when compared to the development that has occurred on Florida’s other bay front lands, holds the potential to be one of the most significant conservation measures in Florida history.  The plan has won statewide praise including the “2007 Promising Practices Award” from the Council for Sustainable Florida.

 

In 2004, the FAA began preparing a Draft Environmental Impact Statement considering two-dozen alternatives for addressing the deficiencies at the existing airport.  In May 2006 the FAA issued its Final Environmental Impact Statement, identifying relocation to the West Bay Site as its Preferred Alternative.  In September 2006, the FAA issued its Record of Decision recommending and approving relocation of the Panama City airport to the proposed site in West Bay.  There is currently a judicial challenge to the FAA’s ROD; however, the ROD remains in force.

 

Customer Service in Real Estate

I believe in providing the best customer service that I can.  When one of our customers is going through a real estate transaction with us, I always keep in mind that although that customer may have bought or sold property before, it is usually not something they do frequently enough to remember how the process works.  That's where I come in.  I try to keep our team in communication with buyers and sellers the best that I can.  I want customers to know that we care and that we are involved in the process, with their best interest always foremost.

For the best customer service during your Panama City, Florida real estate transaction, use The Payne Group of Keller Williams Success Realty.  You can reach us at 850.890.0132.

New Listing with DeerPoint Lake access

Ever dreamed of lake living in Panama City, Florida?

Your builder or ours,either way you get a great deal on this lot at $142,500

Incredible 1/2 acre buildable lot in gated Deer Point Cove Subdivision on Deerpont Lake. This extra large lot is perfect for your custom dream home. You will feel safe and secure with the gated entry and you will love the deeded lake access across the road from the property. Need a builder? We can assist you with a package deal on a home with your plans or ours. At 142,500, you can own a dream lot for your dream home for a great price. Call today for details.


Budgeting to buy a home

Budgeting To Buy

Budgeting to Buy
If you want to buy a house, start by estimating what you can afford and making a budget to buy. Many prospective buyers find it difficult to accumulate enough cash for a down payment, especially if they are saddled with heavy debt. With some discipline and creative strategies, you can probably come up with more cash than you think. Check your current finances and investigate ways to save and raise extra funds.
  • Write down your monthly income, savings, and spending.
    If you have a lot of high-interest credit debt, try to move your balances to cheaper cards and plan to spend a year paying off as much of that debt as possible.

     

  • Identify your long-term financial goals.
    Owning a house may be one, saving enough for retirement may be another.

     

  • Make a home-buying savings plan.
    Open a savings account just for this purpose and make regular deposits, even if you put asidejust $20 a week.

     

  • Look for other sources of down payment funds, such as a Roth Individual Retirement Account (IRA).
    First-time buyers now have access to $10,000 of these funds penalty-free under certain conditions.

     

  • Cut back on non-essential spending.
    Your friends and relatives will understand that you can't spend $20 to go to dinner and the movies if you say you're saving to buy a house. Your children will understand, too. In fact, saving to buy a house can be a family activity.

     

  • Make saving for a house fun.
    Chart your progress on paper and post it somewhere to remind yourself of your goal.

Raising the Money

 

1.   Ask your parents, other relatives or friends for help. If they can't give or loan any money, perhaps they'll agree to co-sign the loan.

2.   Sell (or borrow against) other real estate you own.

3.   Sell securities you own, or borrow against them through a loan from the stock brokerage.

4.   Sell collectibles or heirlooms you own.

5.   Cash in (or borrow against) the built-up value of any life insurance you have.

6.   Withdraw money from your IRA. If you're a first-time buyer you can pull out $10,000 penalty-free (though you must pay state and federal income tax on it) to put toward your home purchase. If you're not a first-time buyer, pull out the very least amount you must. Otherwise, you will have to pay both the 10 percent penalty and income tax on an early withdrawal.

7.   Borrow against your retirement funds. In some cases, the rate on the loan may be as small as 2 percent. If you add too much to your debt burden, however, you may not be approved for a loan.

8.   Ask for help from your church, synagogue or other nonprofit organization. Fannie Mae has a "3/2" loan program that allows you to make a 3 percent down payment if a bona fide nonprofit puts down the other 2 percent.

9.   Sell a boat, RV or second car you own and use the cash for the down payment.

0.   Get a second job. It'll help you raise cash, and the extra income will improve your chances of qualifying for a loan. You can quit later.

11.   Look for an investment partner who'll put up some or all of the cash in an equity-sharing partnership. You make the monthly payments and the two of you split the eventual resale profits.

12.   Change the withholding taxes, if permitted, on your salary in anticipation of higher deductions when you get a mortgage. Your take-home pay will increase, giving you more funds to put toward a down payment.

13.   Look for loan programs such as VA or FHA that require little or nothing down.

14.   Use a lease option that lets you rent the house now and buy it after you save.

15.   Look for a home with an assumable loan. Instead of buying out the owner's equity, ask the seller to carry back a second mortgage for an equal amount. That way you can buy the home without a down payment.

16.   Pawn something you own and use the proceeds for a down payment. You can get the item back after you've moved in and can afford to pay the pawnbroker back.

17.   Refinance your car or other vehicles and add the proceeds to your down payment.

18.   Offer something other than cash (a car, boat, or collectibles) to the seller in lieu of a cash down payment.

19.   Offer your services or expertise to the seller in lieu of a down payment. Some examples include $10,000 worth of auto services if you're a mechanic, dental work if you're a dentist, desktop publishing services if you're a designer, artwork if you're an artist or legal work if you're an attorney.

20.   Look for foreclosure properties that require little or no down payment. Some lenders and government agencies will let you buy a foreclosure with no down payment if your credit is good and they're anxious to have the home occupied, or if you have skills (carpentry, landscaping or even painting) that you can use to increase the home's value.

20 ways to come up with a down payment

 

What is your favorite thing to do here in Panama City and Panama City Beach?   Give us an idea of what you do when you are not working.  What do you do for fun?  Panama City has so much to offer and we feel that we have not scratched the surface.

New Construction Panama City

Interested in having a new home build?   We have the best builder in Panama City ready to build your dream home.  We can find your perfect lot, help you obtain financing, choose your home plans and build your home in a timely manner.  We have several new homes currently available in Cherokee Heights, Bylsma Manor and several lots ready to build on.  Give us a call at 850-890-0132 to get your next Panama City home built.

Interesting Real Estate Facts

 

These are the things that the media would never tell the public.

I hope you find these useful...

  • "The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline."  Time Magazine, 1947
  • "Houses cost too much for the mass market.  Today's average price is around $8,000.00--out of the reach for two-thirds of all buyers."  Science Digest 1948
  • "The goal of owning a home seems to be getting beyond the reach of more and more Americans.  The typical new house today costs about $28,000."  Business Week, 1969
  • "You might well be suspicious of 'common wisdom' that tells you, 'Dont wait, buy now.'" --NEA Journal, 1970
  • "The median price of a home today is approaching $50,000.00... Housing experts predict price rises in the future won't be that great." Nations Business, 1977
  • "The era of easy profits in real estate may be drawing to a close."--Money Magazine, 1981
  • "Financial planners agree that houses will continue to be a poor investment."--Kiplinger's Personal Financial Magazine, 1993.
  • And my personal favorite...."A home is where the bad investment is."--San Francisco Examiner, 1996

Fact National real estate values have appreciated:

88%          Since 1996

340%        Since 1977

685%        Since 1969

2650%      Since 1948

FLIP, How to Find, Fix and Sell Houses for Profit

 
FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani, Clay Davis, and Gary Keller

 

Has anyone read the book?  We are planning on having a class dedicated to this book very soon in Panama City, FL.

Cherokee Heights Neighborhood, Panama City, Florida

Cherokee Heights is one of the hottest neighborhoods in Panama City.   Even with a slow market, homes in this neighborhood are selling at a rate of about 4 to 5 homes per month. Builders are busy building more homes to keep up with the demand.  Street lights were just installed.  What  a great neighborhood for the young families with Tommy Smith and Merritt Brown schools close by.  Tyndall Air Force Base is an easy drive making this the smart choice for anyone woking at the base.

For a personal tour of this great Panama City neighborhood, email me at jeff.payne@kw.com or call me at 850-890-0132

Displaying blog entries 41-49 of 49

The Payne Group
Keller Williams Success Realty
309 Richard Jackson Blvd, Suite 200
Panama City FL 32407
© 2003 – 2010 Real Pro Systems, LLC
Last modified 9/4/2010