Word: bonding
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Dates: during 1980-1989
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...construction or renovation of a certain amount of housing whenever they put up a major office building. The idea is to create new dwellings for the people who will work in the offices. Should the developer balk, he must contribute $6,000 to a housing bond program for each 1,000 sq. ft. of new construction...
Developers have so far paid $5 million into the bond program. A few describe the city's zoning laws as extortionate. Others have tried to make the rules work in their favor. While building a 24-story office tower in the San Francisco financial district Texas Real Estate Developer Trammell Crow satisfied the letter of the law by installing 33 posh condominiums on the upper floors and put them up for sale at $400,000 to $2.5 million each. Crow eventually got to keep his apartments, but other builders were warned against violating the spirit of the housing regulation...
...local primaries this month, the voter-registration effort has been the largest and most successful since the passage of the 1965 Voting Rights Act. An estimated 40,000 new voters were registered since May, increasing black registration by about 11%. Aiding the effort were Georgia State Senator Julian Bond, Atlanta Mayor Andrew Young and Martin Luther King III, son of the slain civil rights leader. And, of course, Jesse Jackson, who staged a three-day barnstorming car caravan through the Delta country to spark a record black turnout in the primaries...
...Buffalo. "He did what any father would have done, and he shouldn't be charged." Williams, a truck driver and avowed street minister, was arrested for first-degree assault. He spent one night in jail; a sympathetic judge freed him the next day on an unsecured $10,000 bond. "Cop after cop came up to him in the cell and congratulated him," said Paul J. Cambria, a prominent Buffalo attorney who is defending Williams. Said Buffalo Mayor James Griffin: "Dean should be thrown in jail, and if a judge lets him out he should be run out of town...
Booked and released after posting a $500 bond, Winfield was suitably remorseful. "It is quite unfortunate," he said, "that a fowl of Canada is no longer with us." Nor is the case. After thinking it over, Toronto police dropped the charge...