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Atlantic Community Dev. Committee to discuss TIF request, Monday

News

March 7th, 2013 by Ric Hanson

The City of Atlantic’s Community Development Committee will meet Monday evening in the Mayor’s Office at City Hall, to review and discuss a Tax Increment Financing (TIF) assistance application from Sonntag Development. The meeting is set to begin at 6-p.m. (This is a change from Thursday’s announcement). The Atlantic City Council had referred the matter to the CDC during its meeting, on March 6th.

Project developer Don Sonntag is asking the City for a $250,000 TIF grant for the construction of the Southern Heights II subdivision. The project will include a private road with a cul-de-sac and 10 condominium duplexes. Sonntag has indicated that four of the larger units would be for sale, while the remaining 16 units would be for rent.

After review, the Committee will forward its recommendation to the full Council for further action.