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Condo Ban Ruled Legal Fricloy 24 - EVENING HERALD. Thurs., March 6, 1980 CHFA loans popular / MANCHESTER - When $85 by CHFA, the Connecticut Housing meet monthly payments. We’re; million became available for home Finance Authority. Funds are loaned enthusiastic supporters of the* loans at the rate of 8% percent to the public through participating program.” Over the years Heritage- earlier this week, one participating banks like Heritage Savings and has promoted the program though', bank got an early visit from a would- Loan. seminars and other public education; be borrower. The trouble is that the money efforts. Heritage Savings and Loan doesn’t last long, especially with the Home lending is Heritage’s- reported one prospective house buyer high cost of conventional borrowing primary investment. "We’re com-.' arrived at the bank’s main office at 7 today according to William H. Hale, mitted to giving the public as much! a.m. and waited in sub-freezing president of Heritage. as we can in mortgage funds, and' % weather for the bank to open at 9. ‘‘CHFA makes it possible for many CHFA is part of that commitment,” This special effortds an indication of to borrow who otherwise couldn’t Hale says. the popularity and relative scarcity of low cost mortgage money offered rvol. XCIX, No. 134 -- Meneheotw, tionn., Friday, 7,1980 on a periodic basis by banks parr Realty company sold. Marf{ar<-t Dion ticipating in the State’s CFHA len­ (hiiI Nt'iiorlaN Kohrrt Fanulo Rohcrl AdamB ding program. HARTFORD - Merrill Lynch & Established with one office in 1965,! "We're enthusiastic supporters of Co. Inc. has acquired majority in­ The Barrows Co. now has nearly 325! CHFA, and this response tefls me the terest in The Barrows Co., a real es­ sales associates in the territory! public is too,” says Heritage Presi­ tate brokage organization with 22 of­ bordered by Massachusetts, the Long; Condo ban ruled legal business dent William H, Hale. fices throughout the Connecticut Island Sound, Litchfield Hills and! the directors by Town Attorney Heritage also reported numerous Valley. Vernon. Other Merrill Lynch Realty! Weinberg, and James McCavanagh. The board can "regulate the mode By MARY KITZMANN Kevin O'Brien. phone inquiries on the low cost loans The company will operate with Associates operations are based in' The opinion says the town can use of using any buildings when such N.Y., to the newly formed Allied Bronze Corp. Otis is a Herald Reporter regulations” promote the general His conclusion is that legislation in the first hours of business on Mon­ Robert Barrows as president and Dallas. Pittsburgh and Baltimore. ; ' its police powers through the Connec­ subsidiary of United Technologies Corp. The price of the welfare of the town’s inhabitants. will probably be enacted during this Firm changes name day, the day the latest batch of funds chief executive officer and with Weston E. Edwards, chairman of MANCHESTER — The town can ticut General Statutes. transaction was not disclosed. Barlow states the 90-day period is a session to protect tenants and became available for lending. Lawrence Barrows as management Merrill Lynch Realty Associates,' legally enact a 90-day moratorium on Powers to "regulate the mode of Allied, a manufacturer of custom-designed architec­ “reasonable length of time” but that purchasers. MANCHESTER — Century 21 Showcase Realty Inc. of The $85'million loan fund consultant. noted that the Barrows acquisition the conversion of apartments to con- using any buildings when such tural metal products, including metal sculpture and es­ a longer period might "fall prey to a About 75 persons appeared before 13 East Middle Turnpike, Manchester, has changed its generating all the attention comes The Barrows Co. is the fourth in a was "in keeping with our stated; dominiuns, according to the opinion regulations seem expedient for the calator balustrades, became a division of Otis in 1967, court attack by apartment owners” the board this week asking for action name to Century 21 Nenortas Realty Inc. from the CHFA program which is planned network of majority-owned objective of establishing or_ issued by the Town Attorney’s Of­ purpose of promoting the safety, Controlling condominiums through on condominium conversions. Gint Nenortas, who has been with Century 21 since designed to provide loans at below residential real estate firms that will strengthening our position in key real’ fice. health, morals and general welfare 1977, is the realtor of record. Along with his brother zoning regulations was also Recently 393 units in Manchester market rates as an incentive for peo­ operate under Merrill Lynch & Co.’s estate markets, with emphasis on' The opinion, prepared by Malcolm of the inhabitants of the town.” GE selects CG researched. The opinion states "it is were put up for sale. Vyt, he has opened a new office at 28 Connecticut ple to buy and rehabilitate homes in Diversified Financial Services firms that are well-managed, show a! Barlow, assistant town attorney, was Barlow’s opinion also examines the Boulevard, East Hartford, to serve clients there. BLOOMFIELD — General Electric Co. has selected urban and suburban areas. Funds are Group. The Merrill Lynch group is a given to the Board of Directors Manchester Charter and finds that doubtful conversions controlled by record of accom plishm ent, and- Vernon’s Town Council has already Nenortas has been a Manchester resident for three Connecticut General Life Insurance Co. to administer the raised through tax exempt bonding factor in real estate, insurance and yesterday. the ordinance is legal. zoning would be upheld by the possess a capacity and willingness to declared a moratorium on conver­ years and lives at 208 Briarwood Drive with his realtor new GE dental assistant plan for some 280,000 U.S. related financial services._________ improve and grow.” Barlow researched the question at Under Chapter I "Corporate courts.” associate wife Maria and their two sons, Erik and Daren. employees and their dependents beginning July 1. Dental the board’s direction. There will be a Powers” that the directors can The town has a "legitimate in­ sions until May. Century 21 Nenortas Realty specializes in residential insurance is currently the fastest growing employee public hearing on a 90-day “make and enforce .... regulations to terest" in controlling conversions, Bloomfield has required owners property and have recently opened an investment and in­ benefit in the country and implementation of the GE plan moratorium at the next board promote the peace, safety and ... the report concludes, obtain a town permit before conver­ dustrial branch in East Hartford. makes General Electric the largest American company meeting March 11. The ordinance welfare of the Town and its in­ A summary of state statutes on ting. But a court test of the ordinance to offer the dental benefit so far this year. was proposed by directors Barbara habitants,” conversions was also submitted to is expected. An evening with Moshe V/SA :adw/haek. The biggest name GE’s new plan of dental benefits will provide coverage New accounting firm for diagnostic, preventive, restorative and prosthodontic 'In little' computers'^’^ Guest Conductor Moshe Paranov, the founder of Hartt CHARGf ITiMOSrstOneSJ College of Music, bows as the audience pays tribute to his work GLASTONBURY f- A new public accounting firm — procedures. Additionally, endodontic, periodontic, oral surgery and accidental injury services now covered un­ Carbone Adams & Fasulo — has been formed in Glastonbury and with a standing ovation. He conducted a concert with com­ Danbury by Robert A. Adams and Robert H. Fasulo, both der GE’s Comprehensive Medical Expense Insurance bined musical ensembles from Glastonbury and South Windsor will be folded into the new dental program to be ad­ certified public accountants. high schools. (Herald photo by Lavallee) Before forming the partnership, they were affiliated ministered by Connecticut General. FAST DEUVERY ON ponders with the Hartford office of Arthur Andersen & Co., an in­ ternational public accounting firm. At that company, Controller appointed Robert Adams was partner in charge of the Small law suit Families hold off Business Division; Fasulo was a partner in the Tax Divi­ SOUTH WINDSOR—Wilbur S. Mann, president of sion. Gerber Systems Technology, a wholly owned subsidiary COMPLETE TRS-80‘ MANCHESTER — Former Deputy A graduate of the University of Rhode Island, Adams is of Gerber Scientific Inc., has announced the appointment Mayor Nicholas R. Carbone (D- currently a member of the adjunct faculty at Western of Louis F. Posillico of Glastonbury as controller for Hartford) revealed Thursday he is Connecticut State College, where he teaches finance. He GST. considering bringing suit against on celebrations is also a member of the President’s Business Advisory Posillioo will be responsible for all accounting, Manchester as a private citizen for try not to get too optimistic” Council at the University of Rhode Island, the Danbury budgeting and financial planning and analysis for GTS. COMPUTER SYSTEMS! the town’s decision to withdraw from Bv U nited Pre»H Inlernalional "It seems they (the students) are Career Vocational Council, and he is treasurer and a He is the former manager of financial planning for the the Community Development Block Although the release of the sincere in some way," said Richard member of the Executive Committee of the Greater Dan­ parent firm, Gerber Scientific Inc. n 4 Weeks You Can “Turn On” This Total Package! ,Grant program American hostages in Iran appears Gallegos, of Pueblo, Colo., father of Marine Cpl. William Gallegos, 21. "It bury Chamber of Commerce. Before joining Gerber, Posillico served as manager of Carbone said he is discussing with closer than ever, their families are Fasulo graduated from the University of Connecticut financial planning for Management Assistance Inc of holding off the celebrations until they would be better to be dealing with an attorney the possibility of some form of government than the and also holds a law degree from that institution's School New York, NY, He received his bachelor’s degree in ac­ Only bringing suit against the town for a see their loved ones in the flesh.
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