Comments by marco

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Written on Former Marco police lieutenant receives final warning after sending inappropriate photos :

Marco Island is just like the Vatican !
Reprimand & move him to another (diocese)or position with in our community.
Catholic Justice

Written on Guest Commentary: Nuisance, swale parking in Olde Marco :

Our police should start writing $100.tickets untill the resturants find new land for a parking lot or have any car towed too the city owned park.

Written on Olde Marco residents ask Marco Island Planning Board to address parking nuisance:

The cars should be towed off the swales to the city parking lot in front of city hall. then when their owners come to redeam them pay a $50.00 fee to the city plus the tow fee.

Written on Ex-Orion Bank CEO pleads guilty to fraud charges:

Jerry prospered personally for years,his self-centered flamboyant,arrogant, personality duped people who trusted him. Employees, football coach, local attorneys etc all lost tremendous amounts of money to this crook. He lived in a nice house, flew around in a jet, entertained friends with other people's money.
Twenty years wouldn't be enough time for this lovely human being.

Written on Mixed reaction, emotions to Marco Island's speed limit change:

30 mph is the maximum speed limit in the open channels in manatee zones. That is why all of our manatee along the road are always out of the roadway.

Written on VIDEO/PHOTOS: New and old Jolley Bridge open to traffic:

Myrtle Rose was just taking a short flight over suburban Chicago when the 75-year-old aviation enthusiast looked out her cockpit window to see two F-16 fighter jets. She assumed the military pilots were just slowing down to get a closer look at her antique plane.

It wasn't until she got on the ground that friends and the police told her the attention was much more serious — for straying into restricted airspace during a visit by President Barack Obam

To make matters worse, "I didn't have my radio on. I was just flying around," she said.

It all added up to a big mistake.

"There's really no excuse for not knowing," said Lt. Col. Mike Humphreys, a spokesman for the North American Aerospace Defense Command, which scrambled the two warplanes, a proposition that costs $9,000 an hour for each jet. "Anyone who flies an aircraft should know the restrictions."

Because Obama was in town for a fundraiser marking his 50th birthday, private pilots were forbidden to come within 30 miles of O'Hare Airport.

When the fighters appeared, Rose wasn't alarmed.

"I thought, 'Oh, well, they're just looking at how cute the Cub is," she said Friday in an interview with The Associated Press. The blue-and-yellow plane had won a best-in-class award at the Oshkosh Air Show, a huge annual gathering in Wisconsin.

Another NORAD representative suggested that Rose had no business thinking that a military jet racing toward her had anything to do with the cuteness of her plane.

"The biggest thing to keep in mind is that when F-16s come screaming up to you, they are probably trying to tell you something," spokeswoman Stacey Knott said.

Rose, who has been flying since the mid-1960s and even performed as a wing walker until five or six years ago, said the jet pilots could not have been more considerate.

Though she never saw their faces — hard to do, she said, when she's puttering along at about 60 mph and the jets were doing what she figured was about 300 mph — she was impressed with the way the pilot who pulled in front of her kept his distance to avoid rattling her wood-and-fabric plane.

"He was very respectful," she said.

Rose returned to land at her home in the affluent South Barrington area. Her late husband owned Rose Packing Co., a meat packer that supplies Canadian bacon to McDonald's restaurants.

Once she was on the ground, some friends rushed over and told her that the rendezvous had nothing to do with the good looks of the plane named Winston. After the aircraft was in the hanger, her yard began filling with police cars.

Rose said she filled out a report with the Federal Aviation Administration, including a note describing how she mistakenly believed the jets were circling to admire her plane. She said she has not heard from the agency.
"The worst part is they put my age in there," she said. "I don't think that was nice."

Written on Protected shorebirds killed on Marco beach:

Those birds were not killed by any dogs !
A Dogs might have been walking the beach and sniff around the dead bird and just walked on sniffin other crustations found on all sea shores .

Written on Marco Island Beach Advisory Committee: Permits to dredge Collier Creek approved; Tigertail Boardwalk delayed:

I heard on the news last week , all boat's are welcome to use the Hideaway Beach Club facilities, including the bar and restaurant on any days that they are physically open. This will be in effect until December 31, or until the new facilities are built for the walkers & boaters.

Written on MUG SHOT: Ohio man who loses Marco Island bar seat fights police, reports say:

Another Dennis Michael Bauries ! by the way what ever happen with this demented drunk ?

Written on PHOTOS: Change of Watch signals new year for yacht club:

I understand equity membership has dropped to fifteen thousand dollars, are original equity members receiving a ten thousand dollar refund? Do new equity members received a guarantee reimbursement if they elect to drop membership?
...

Written on Cheryl Ferrara Special to the Eagle Frank Rinker takes the oath of office administered by 2010 Marco:

I understand equity membership has dropped to fifteen thousand dollars, are original equity members receiving a ten thousand dollar refund? Do new equity members received a guarantee reimbursement if they elect to drop membership?

Written on Police beat: Jan. 28, 2010:

What is the status of the Dennis Michael Bauries arrest ?

Written on PHOTOS: Marco police uncover potential boat theft in progress :

Great job Marco police department, us Boat owners appreciate your awareness. I am sure you saved a vessel from being stolen.
Kudos to you

Written on Former pro football player, Marco Island resident Dave Rice injured in motorcycle crash:

Was the young lady issued a ticket ? What is the age of a young lady ? And what is her name ? Isn't that normal information received when someone causes an accident

Written on Marco Community Bank faces new enforcement action:

If James Kauffman,& Richard Storm would make me a $25 million loan, I would invest $10 million in their bank which would put them $5 million over what they need to satisfy our government. I am a real Marco Island resident and not a straw person, or borrower. If all they need is $5 million, 10 million should make them solvent for another few months.

Written on Marco bank struggling for capital, remains committed, leaders report:

Now I can understand why investing in bank stock can offset my profits and tax burdens neutralizing any legitimate tax liabilities I might have

“decrease in the net loss is primarily due to the decrease in the provision for loan losses, somewhat offset by a decrease in the income tax benefit.”
Now I totally understand, why the interest expense declined $20.9 million decrease in average deposit balances. This should make shareholders more comfortable prior to the banks collapse,
they explained this exactly as Paulson and Bush explained, the urgent bail out of banks for homeowners to us the gullible

Written on Marco bank struggling for capital, remains committed, leaders report:

This was from November 15 2008

Marco Community Bancorp Inc. narrowed its losses in the third quarter.

The company _ the parent of Marco Community Bank _ reported a net loss of $495,000, or 17 cents a share, for the quarter ending Sept. 30. That compared to a loss of $602,000, or 19 cents a share,

a year ago.

In a filing with the Securities and Exchange Commission, the company said the “decrease in the net loss is primarily due to the decrease in the provision for loan losses, somewhat offset by a decrease in the income tax benefit.”

Interest income in the quarter totaled $1.8 million, down from $2.6 million a year ago. Interest income on loans decreased primarily because of a higher level of nonaccrual loans. Also, no new credit has been given to borrowers to pay the interest or principal that is currently due.

Interest expense declined to $958,000 in the quarter, down from $1.5 million a year ago. That was primarily due to a $20.9 million decrease in average deposit balances.

The allowance for loans losses was $5.7 million as of Sept. 30. It was increased by $150,000 in the third quarter.

The company said in its filing that there may be adjustments in the future in the allowance for loan losses if economic conditions should change.

Charge-offs in the quarter totaled $531,000, up from $74,000 a year ago

Written on Marco bank struggling for capital, remains committed, leaders report:

How long ago was this article written?

The Island Mortgage family of brokers has found a new, bigger family within Marco Community Bank.

When owner and operator of Island Mortgage (a 20-year fixture in loan brokerage on the Island) Anthony Iannotta started feeling the pinch of new regulations by the federal government, he didn’t know if his business could remain competitive.

Traditionally, mortgage brokers serve as liaisons between borrowers and lenders, matching brokers with appropriate loans. Even Iannotta agrees that some brokerage companies made practice of steering consumers to high-cost, riskier loans that are said to have helped fuel the subprime mortgage crisis.

The new regulations in effect today require brokers to disclose exact amounts of earning fees, which put a downturn on yield spread profits. Another pinch is the Home Value Conduct Code put into effect May 1, Iannotta explained.

Faced with new challenges that brought wholesale mortgage brokering to a near halt, he brought an idea to Marco Community Bank President and COO Richard Storm. Instead of doing business the old way — originating loans for lending institutions that then sold the loans to agencies like Fannie Mae and Freddie Mac — the team of seven from Island Mortgage now work for Marco Community Bank.

Iannotta’s relationship with the bank started in its beginnings. He was a founding board of director in 2003. He accepted a position as executive vice president for the bank in June 2008.

“Basically, the biggest challenge for banks is generating fee income. With interest rate margins being squeezed the way they are, banks need to increase what you call fee income. Island Mortgage – it generates fee income – the income you receive from loans,” Iannotta explained.

They began testing residential lending/correspondent lending in April 2009, and his six employees were hired on as full time staff of the bank during the last 90 days.

“I am still president of Island Mortgage. It is not shut down. It’s inactive,” Iannotta said.

Had the partnership not been formed, Iannotta feared it was only a matter of time before Island Mortgage would have had to close its doors to the community for good, and would have left his employees jobless.

“It was a family for many years,” Storm said of the Island Mortgage staff. “And now, it’s a bigger family

Written on Feds shut down Naples-based Orion Bank, CEO Jerry Williams ousted:

Orion Bank, Bald Eagle Drive, will be conducting the "Third Shred Party" on Saturday, November 14, from 9 AM-3 PM. After you have dropped off your "shred stuff". compliments of Orion Bank, experience the first 'TOYS FOR ADULTS". Outside and inside the Bank will be some of the things you have only dreamed about--the highest quality cars, custom motorcycles, jewelry and more.
Shareholders bring all your stock certificates which can be redeemed for these fabulous adult toys.
Remember all the certificates were FDIC insured each up to a quarter of a million dollars.

Written on Feds shut down Naples-based Orion Bank, CEO Jerry Williams ousted:

The bank lent about $60 million this June to straw borrowers who used $15 million to buy common and preferred stock issued by the bank's parent.
1. Are the straw buyers part of management?
2. Do they retain the shares they purchase?
3. The other $45 million is it gone?,or was that, bonuses to their top management?
4. Who gets to keep all the money?
5. Who really got wealthy over this collapse?

Written on Marco to consider amnesty period for code violations on foreclosed properties:

Code enforcement should assess all penalties and fines on bank or lending institution that have foreclosed on their properties. That would give the city tens of thousands of dollars they spend foolishly without the public's approval. Why should these banks and lending institutions get a break when we the public bail their a---- out their own greed careless management .
Make the bank or lending institution clear up all liens prior to transferring a free and clear title to its new buyers, in most cases these institutions forced the previous owner into a foreclosure process by not allowing the homeowner to renegotiate or adjust a suitable payment schedule. The banks and lending institutions received bailout monies from our government but have forgot what those billions of dollars were meant for.

Written on Bank error? Man charged with spending money accidentally credited to account :

If I found $366,000 in my checking account, I would believe it's God's way of trying to convince me he is real! I sure wouldn't have called my bank and tried to explain this miracle until I first withdrew all but a few hundred dollars. Then maybe I might understand how people can claim God works in mysterious ways.

Written on Marco seeks to protect waterways with stricter fertilizer rules :

City Council should require all homesites on any waterway to install artificial turf with a two-year requirement for completion. All new construction would require artificial turf prior to receiving their CO for occupancy. This would eventually remove any need for fertilization of any lawns, and eliminate runoff into our canals and waterways.

Written on Marco seeks to protect waterways with stricter fertilizer rules :

City Council should require all homesites on any waterway to install artificial turf with a two-year requirement for completion. All new construction would require artificial turf prior to receiving their CO for occupancy. This would eventually remove any need for fertilization of any lawns, and eliminate runoff into our canals and waterways.

Written on Yacht clubs address rumors and economic waves:

Why doesn't McCarthy & the MIYC just cut Mr Drescher a cheek for his 25 grand and get rid of his sorry a__. At the same time increase the $800 hundred thousand dollar loan by enough to pay off all of the members on the waiting list that want to cancel their membership, and get their 25 grand back

Written on Cheap Eats: Tara’s tapas are tasty:

I have to admit after eliminating Tara’s Steak and Lobster House off my regular choices of places to go for a reasonable light dinner,Tara's is definitely back on one of my top 5 for reasonably priced lite dinners. Tara's Tapas menu and happy hour prices are in line with any good restaurant on the island serving high quality food. I just hope she continues this menu after season starts to retain us locals who often eat dinner out.

Written on Marco’s public beach access a “shore” thing, parking a different story:

There is adequate parking available in Hideaway especially at this time of the year. There is probably going to be a sidewalk from the parking lot across from the club down to the new beach bathrooms were both boaters and landlovers will have easy access both coming and going. I understand until the new restrooms are constructed boaters and Walker are welcome to use the facility at the clubhouse pool. Beach luncheons can be obtained by calling the clubhouse kitchen and ordering anything off their lunchtime menu for pickup at specific times.

Written on Marco woman charged with deadly shooting of husband :

Wayne Waldack said he was shocked to learn the news. Waldack said Mary Kay was very religious."I like religious women Waldack said they never kiss and tell, a true member of the Marco Council of Catholic Women group. Wayne spent hours with her in the last several weeks going out dancing, praticed shooting at the indoor range here on Marco & having dinner together on the Island and never once did he feel she was packing heat. Wayne said "next time he's only dating women from the Polo".

Written on Islanders shocked, bail denied after estranged Marco wife charged with husband's slaying:

Wayne Waldack said he was shocked to learn the news. Waldack said Mary Kay was very religious."I like religious women Waldack said they never kiss and tell, a true member of the Marco Council of Catholic Women group. Wayne spent hours with her in the last several weeks going out dancing, praticed shooting at the indoor range here on Marco & having dinner together on the Island and never once did he feel she was packing heat. Wayne said "next time he's only dating women from the Polo".

Written on Marco bank narrows losses in third quarter:

“decrease in the net loss is primarily due to the decrease in the provision for loan losses, somewhat offset by a decrease in the income tax benefit.”
Now I totally understand, why the interest expense declined $20.9 million decrease in average deposit balances. This should make shareholders more comfortable prior to the banks collapse,
they explained this exactly as Paulson and Bush explained, the urgent bail out of banks for homeowners to us the gullible.

Written on Report: Plane that crashed into Gulf off Marco ran out of fuel:

I owned a twin like this plane for 20 plus years and know it only burns about 25 to 30 gal's per hour. He should have left Marco with enough fuel for the round trip if he didn't want to spend a few extra cents in the keys. He is either a total idiot or has alltimeers but either way he should never be legal again. He's lucky he had water under him instead of trees & or mangroves, as Im sure the results would be different.

Written on Tax money may save Hideaway Beach again:

Why don't all of us boaters that frequent the beach at the south-end of Keewaydin island change our anchoring spot too Hideaway Beach for the next year or so.
There is more good beach with a sandy bottom, room for at least 200 boats ,nice wide
beach for games like volley ball. Frisbee, sand sculpturing, etc. Might even be able to use
the rest rooms at the beach club for a small fee. The chief might make special lunches for
us to purchase which would help them raise enough money to renourish the beach. The lot at 300 Seabreeze dr. could be used for the new plubic rest rooms and access with plenty of parking using clubs parking lots. Money raised tru parking fee's would assure Hideaway ample money for continued beach repairs.

Written on Man found dead in boat identified:

Even the journey to heaven can be wavy with lots of rock and roll's

Written on Construction arm of Marco-based real estate firm files Chapter 11:

Son shines
By QUENTIN ROUX, Staff Writer

Wednesday, March 24, 2004

He bought his first condo at age 13, paying the $10,000 deposit with money he'd saved doing odd jobs.
Less than 10 years later, Dan Dufault Jr. heads a company he helped forge while still in college, and is building a home he values at around $2.2 million in Marco Island's Estates area for his young family.

On the way, he's resurrected an ailing mortgage and title company, hired and fired staff, and also been instrumental in bold future expansion plans for the RE/MAX Results Realty one-stop-shopping empire on Marco Island.

An empire owned, coincidentally, by his dad, Dan Sr., and mom, Denise.

It includes RE/MAX Results Realty, Enterprise Construction, Marco Island Vacation Properties and Marco Island Financial Services (which includes mortgage, title and insurance services).

But, says the younger Dufault, that doesn't mean he was born with the proverbial silver spoon in his mouth.

He worked his way through the ranks just like any other aspiring executive, he says, only much more quickly.

A year ago, Dufault was appointed president of Enterprise Construction, the company's prolific construction arm.

At the moment, Enterprise Construction has about 45 projects in various stages of completion, including about 30 homes

Written on Da Vinci:

A REAL CLASS ACT

Written on New trends emerge in Marco real estate:

People who are not happy living or owning on Marco island should consider moving elsewhere .Marco island has all the conveniences ,the luxury ,the obvious characteristics any upscale community should guarantee its owners .Unfortunately not all can be happy with every scenario on this island .It would be interesting to know how many of these negative responses are from people don't even own property here . Fortunately, us happy owners see right through these naysayers and wish them all the best of luck in all of their endeavors . When most of them have chosen to move elsewhere , Marco island will become the ultimate community for us water,Nature ,and boat lovers . There is not one of us that were forced to purchase here ,we all selected this island as our second or first home freely.

Written on None:

It is unfortunate that these so called community members , can't direct their efforts into worthwhile projects , such as save our homes ,homestead exemptions , or other beneficial programs that would benefit all of us residents .
I am sick and tired of hearing negative remarks about our elected city officials ,and are city manager .

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