Page 18 THE EVERETT ADVOCATE – FRiDAy, NOVEmbER 11, 2022 SCAM ALERT | FROM PAGE 17 “flash sale.” Unfortunately, many such offers are fake. In many cases reported to BBB.org/ScamTracker, buyers thought they were ordering a high-quality toy. Instead, they received a cheap counterfeit version. In other cases, the products never shipped at all and the CITY OF EVERETT - LEGAL NOTICE - ZONING BOARD OF APPEALS 484 BROADWAY EVERETT, MASSACHUSETTS 02149 To Whom It May Concern: This notice is to inform you that, the matter referenced below, originally scheduled to be heard on November 21, 2022, will instead be heard at a Special Meeting on November 28, 2022 at 6: 00 P.M, Everett City Hall, 3rd Floor in the George Keverian Hearing Room. All interested parties may attend and opinions will be heard regarding the following petition. The matter will be called at the Board’s November 21, 2022 meeting solely for the purposed of immediately continuing the matter to November 28, 2022. No testimony or evidence will be taken in this matter at the November 21, 2022 meeting. Whereas a petition has been presented by: Property Address: 38 High Street. Map/Lot: M0-01-000026 Person Requesting: Mr. Cesar Lopez Berrio 20 Chatham Rd. Everett, MA, 02149 PROPOSAL: The owner wishes to convert the existing three (3) family dwelling into a four (4) family dwelling in a Dwelling District. The plot plan submitted indicates that seven parking spaces are proposed in the yard. The permit is respectfully denied in accordance with the City of Everett Zoning Appendix A for the following reasons: Reason for Denial: • A four (4) family is not an allowed use in this district • • The floor area is above the allowable at .51 FAR The parking plan provided indicates that a vehicle will be required to be moved in order for the other vehicles to enter and leave the parking lot. • • • The parking plan provided indicates that a vehicle will be parked within the required minimum specified building setback (7’) The parking plan provided indicates that a vehicle will be parked closer that eight (8) feet from a habitable window. The parking plan provided does not indicate an 18’ aisle to allow vehicles to ingress and egress at the same time. Zoning: 1. Section 4 Dwelling Districts (a) Uses: A. Uses. Within any dwelling district as indicated on the zoning map, no building, structure or premises shall be used and no building or structure shall be erected which is intended or de signed to be used in whole or in part for industry, trade, manufacturing, of commercial purposes, of for other thank the following specified purposes: 17. Conversion of Dwelling. No new dwelling unit created by conversion of an existing dwelling shall be permitted unless the requirements of minimum lot area and off-street parking are satisfied for all dwelling units in existence and proposed in the dwelling after the conversion or enlargement. (Ord. 02-046 of Oct. 22, 2003) 2. B. Dimensional Requirements 2. Lot Area (CC) All other uses----0.5 maximum floor area ratio (Ord. of 6-29-87; Ord of 4-29-91 Ord of 7-16-2002; Ord of 11-13-2007) 3. Section 17 Off Street Parking (J): “Parking facilities shall be designed so that eat motor vehicle ma proceed to and from the parking space provided for it without requiring the moving of any other motor vehicle.” 4. Section 17 Off Street Parking (K): “Parking facilities shall be designed so that no vehicles shall be parked nearer to any street lines that the minimum specified building setback for the Zoning District in which the parking facility is located.: 5. Section 17 Off Street Parking (M): “No parking stall shall be located within eight (8) feet of any window of habitable rooms in the basement or first story level of any building.: 6. Section 17 Off Street Parking (O) 5. “All parking areas shall have an access road with a minimum of eighteen (18) feet to allow ingress and exiting at same time. MARY GERACE - Chairman Roberta Suppa - Clerk of the Board of Appeals November 11, 18, 2022 Short Term Laddered U.S. Treasuries W ith the Federal Reserve increasing the overnight federal funds rate once again by .75%, interest rates on US Treasuries have not been this good in many years. The interest rate on the 90 day US Treasury Bill as of Friday, November 5th , was 4.06%. Interest rates will continue to rise into the new year until the Feds are convinced that inflation is under control and reflects consistent downward trends. At some point the Feds will begin lowering the federal funds rate and the rates on US Treasuries will fall. Once approach to investing in such Treasuries is by utilizing a laddered shortterm Treasury Bill portfolio. For example, if you invested $50,000 in such a portfolio, you could have five different maturing Treasury Bills, each with $10,000. There would be a 3 month Treasury Bill, a 6 month Treasury Bill, a 9 month Treasury Bill , a 12 month Treasury Bill and a 15 month Treasury Bill. As the 3 month Treasury Bill matures, interest is added to the $10,000 and that amount is then invested in a 15 month Treasury Bill. The original 15 month Treasury Bill now has only 12 months to mature, the 12 month Treasury bill now has only 9 months to mature, the 9 month Treasury Bill now has only 6 months to mature and the 6 month Treasury Bill now has only 3 months to mature. The process repeats itself. The laddered short-term Treasury bill portfolio offers very good liquidity and of course, tremendous safety. The Treasuries are backed by the full faith and credit of the United States government. As long as you hold on to each bond until maturity, you will not lose any money, even if interest rates continue to rise. There is an inverse relationship between websites vanished. In either case, when the dissatisfied customers tried to follow up with the company, they found that the staff either didn’t respond or refused to provide a refund. For example, one shopper told BBB Scam Tracker that they fell for a phony deal on a popular plush toy: “This company offered hard-to-find Squishmallows. I purchased one for $40. The website claims there is a 30day hassle-free policy. I fiSCAM ALERT | SEE PAGE 19 interest rates and an existing bond price. When interest rates rise, the price of that bond will decrease. When interest rates fall, the price of that bond will increase. The benefit of the short-term duration laddered Treasury portfolio is that every three months you are investing in a new Treasury. If interest rates rise, the new Treasury will reflect the higher rate. Also, they are state income tax free. If you needed to access monies, you could decide not to roll over a 3 month Treasury Bill into a 15 month Treasury Bill upon maturity. You could simply cash in the 3 month Treasury Bill with the interest earnings added to the original bond purchase. This strategy could be on option for those that wish to invest safely while earning rates of returns that we have not seen in many years. This strategy could also complement a typical stock and bond portfolio designed for long-term results. Hard to believe that only one year ago the interest rate paid on a 3 month Treasury Bill was only .05%. Joseph D. Cataldo is an estate planning/elder law attorney, Certified Public Accountant, Certified Financial Planner, AICPA Personal Financial Specialist and holds a master’s degree in taxation.
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