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March 3, 2006     Cape Gazette
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March 3, 2006

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30 - CAPE GAZETTE - Friday, March 3 - Monday, March 6, 2006 By Rachel Swick places in the living rooms and designer car- Cape Gazette staff pet in the bedrooms. The master suite fea- FisherHawke Landing, a luxury condo- tures a garden tub with separate shower and minium community designed for the large walk-in closets. A semiprivate eleva- Milford Riverwalk, recorded some of the tor will serve the units. quickest sales ever seen in Sussex County. Burton said the buyers varied throughout The developers of FisherHawke released the day. The moming of Feb. 18, those who 24 units to the public during an all-day preregistered were invited to the earliest event Feb. 18. By 5:30 p.m all 24 units session from 10 a.m. to 1:30 p.m. to look at were sold: the units, while the general public was not Randy Burton, a principle for the devel- invited until 1:30 p.m. That night, Burton opment group, said he had never seen such said, the developers held a reception for an interest before. "I didn't anticipate they about 150 people including politicians and would all be gone in one day," said Burton. local officials. "I couldn't have asked for anything better." He said many buyers were looking at the At build-out, FisherHawke will feature condominiums for retirement, but others six buildings with 24 condominiums in were from Milford just looking for a step each - 120 units total - stretching along the up. Some buyers were relocated to the area river, with access to local shops and restau- for General Motors. rants. Each building will have three condo- "Milford is a good location," said Burton. minium designs, ranging in price from "This geographic location is close to the $279,000 to $309,000, featuring sunrooms, water with luxury condos in a downtown foyers and large master bedrooms, environment that is close to northem cities The three different models feature granite and the southern beaches." counters, upgraded cabinets, wood flooring For more information, visit and Moen faucets in the kitchen, gas fire- Steven Billups photo Listing agent Joe Choma, left, of Prudential Gallo of Rehoboth Beach, talks with potential buyer Philip Steinhice of Milford at the Milford Museum, Feb. 18, during the grand opening of FisherHawke Landing. By midafternoon, 20 of the 24 units in the first building were already sold. Housing developer introduces Value Housing at Captain's Way With all of the talk of the need for afford- able housing in Sussex County, it is impor- tant to know of one organization with years of actually doing it. Preston "Pret" Dyer, in partnership with Gary McCrea, has been developing, building and maintaining affordable rental apartment units through- out Sussex County for more than a decade. The team has developed more than 400 apartment units providing affordable hous- ing for qualified residents in Sussex County. After years of developing resort area communities Dyer, along with Captain's Way partner Scott Dailey, have formulated Dyer. every aspect of Sussex County community a program designed to provide Value When Sussex County Council began to development into our plan, and are anxious Housing while maintaining regulatory stan- look at ways to stimulate value housing in to see if Sussex County will consider reduc- dards for community design and quality the county, Dyer and Dailey decided it was ing the existing single-family lot size down construction. Captain's Way is a 494-home time to once again turn talk and concern to fronts of 50 feet and depths of 120 feet," community "proposed to be developed on into reality. Dailey said. Route 16, east of Ellendale. "The value housing plan we've devel- "Since our beginning in real estate devel- oped is ninety percent logic, and ten percent The following are highlights of the pro- opment we've had a heart-felt concern for innovation," said Dailey. "At Captain's posed Value Housing Plan: people who work here, but discover it is Way we're presenting a solution to the The program will deliver a selection of very difficult to find value housing nearby, moderately priced housing dilemma that is homes from 1,100 square feet to 1,400 With the resort area growing west across a winning situation for home buyers, regu- square feet, will be of stick built or modular Sussex County, value housing for purchase latory agencies, and Sussex County in gen- construction, and have a carport or garage. has truly become a countywide need," said eral. We've considered and incorporated Continued on page 32 Tax Season is here. Are you ready? Before you can do your taxes, you have to have all of your tax documents. Let's do a review of the documents and make sure you have them all. From your employer, you should have received by now a W- 2. The W-2 is a statement show- ing the amount of wages you have earned with the amount of taxes you have had withheld and paid by your employer. Employers were required to give or mail to you by Jan. 31, 2006. If you haven't received it yet, contact your employer. For every job you had, you should have received a W-2. If you worked as a subcontractor, you should have received a 1099- MISC. The 1099-MISC is a state- ment showing compensation you received from a company work you did for them. FINANCE Mike Duckworth If you are fortunate enough to have money invested, there are several types of documents you should have received. If you have a savings or money market account, or savings bonds account, your financial institution would have sent you a 1099-INT. or took money out of their 401K, Lets get back to those retired The 1099-INT reports the amount you should have received a folks. If you are drawing Social and type of interest you earned for 1099R. The 1099-R reports the Security or on the railroad pen- the year. Most financial institu- amount of pension or IRA income sion, you should have received a tions will not send you a 1099- you received, along with any 1099 for those benefits. tNT if you earned less than $10. taxes you had withheld. For Social Security you would If you are invested in stocks, Some of us have interests in an have received a SSA-1099, or a you will be getting a 1099-DIV S-corporation or partnership. If RRB-1099 for railroad pension. reporting the amount of dividends so, you will be receiving a K- 1. Along with reporting the amount you earned, either sent to you or The K-1 is a complicated docu- of benefits you received, it could reinvested, ment. It reports several types of also include amounts withheld for If you sold stocks, you should incomes or losses. Again, if you health insurance, which is a have received a 1099-B. The are unfamiliar with K-Is, consult deduction 1099-B reports the proceeds you a tax professional. I hope this information is help- received from the stock sale. The If you were between jobs inful in getting prepared to do your 1099-B takes special handling; if 2005 and spent some time ontaxes. If you do them yourself or you are unfamiliar with it, consult unemployment, the state that paid g6 to a professional, its important your tax professional, the benefit will also send you a to be aware of what documents The state you filed your 2004 1099-G. Unemployment benefits you should have before you start. return with will send you a 1099- are taxable income, the 1099-G G if you received a refund. This is will report how much you Editor's note: Mike Duckworth important if you itemized deduc- received. Hopefully, you asked is an accountant specializing in tions in 2004; it has to be treated them to withhold taxes and the taxes. He is also a Quickbooks as income. 1099-G will also report taxes proadvisor. For more informa- For those folks who are retired withheld, tion, call 226-4775.