According to a published report, Silvi could enter into adevelopment agreement at least with Eagleswood Township as early asthe end of June for the portion of the project that would occupythe 600 acres that lie in that township. And an application couldarrive on the desks of Stafford Township officials by the end ofthe year, according to the report. Silvi Group officials could notbe reached for comment.

Under general plans outlined to local officials of the twoadjacent Ocean County communities, located about halfway betweenToms River and Atlantic City, the site would be transformed intowhat the owners are calling the Eagles Lake Golf Resort. Silviofficials say they have lined up golf architect Pete Dye to designthe layout of the course. Besides the golf course, which would besituated on the 400 acres on the Stafford Township side of thetract, the owners would like to build as many as 100 homessurrounding the links.

The Eagleswood Township side of the tract, which totals some 600acres, includes a 50-acre lake that would be expanded to more than400 acres. A portion of the remaining acreage would hold the hoteland convention center, a restaurant, a bathing beach and relatedrecreational space, and possibly a marina. Company officials havetold the two communities that they plan to build the whole thingout in five-year increments over a 20-year period.