Atlantic City Council tables Boulder’s Development Agreement & other business
May 19th, 2011 by Ric Hanson
The Atlantic City Council Wednesday tabled until their next meeting, approval of a resolution for a Development Agreement with Boulders Inn and Suites and the authorizing of Tax Increment payments for the project, until the City’s Finance Committee could review a proposal from Boulders with regard to a $100,000 tax rebate and other, related matters.
The $1.5-million dollar upscale hotel and suites officially opened May 13th. An open house for the public will be held on Sunday, May 22nd, from 1-to 4-p.m. Officials report the business is already completely booked for the Ragbrai, during the weekend of July 24th.
In other business, the Council unanimously passed a $510,500 budget amendment to the Fiscal Year 2011 budget.
They also passed the second reading, and adopted on the third-reading, an amendment to the wastewater fee schedule, to help pay for the new $15-million wastewater treatment project, which is currently under construction.
And, the Council authorized Mayor Dave Jones to enter into an agreement with the Nishna Valley YMCA, for the operation and oversight of the City Swimming Pool and other, recreational programs. The agreement will be for a one-year, trial period.