The Atlantic City Council will hold public hearings during their meeting Wednesday evening, with regard to the sale of two residential properties the City holds the titles to. The first pertains to 807 Elm Street. City Attorney Dave Wiederstein will recommend the Council approve sale of the property to Janet Jordan for the fair market price of $100, subject to her executing a demolition agreement that will require her to put up a bond, letter of credit or cash deposit to assure that the building is demolished in a timely manner.

The second property is at 203 Locust Street. Wiederstein advertised for sealed bids on the property at the Council’s direction during their last meeting because there was more than one person interested in it. The bid opening is scheduled to take place prior to the Council’s 5:30-p.m. session, Wednesday. The successful bidder will have to meet the same demolition and bond criteria as with the 807 Elm Street property. Following the public hearings on both properties, the Council will act on approving resolutions approving the disposal and/or sale of each respective property.

The Council is also expected to act on approving the 2014 Budget for Atlantic Municipal Utilities. City Administrator Doug Harris says the bottom line is that electric revenues and expenses are projected to increase 9.3-percent in 2014, with water revenues and expenses budgeted to increase 3.4-percent.

In other business, the Atlantic City Council is expected to act on: Authorizing the Mayor to enter into an agreement with Snyder and Associates Engineers for design engineering services associated with the Highway 6/7th Street reconstruction project; Authorizing the Mayor to enter into a contract with Fox Engineering to conduct a Nutrient Reduction Study (at a cost of $15,000) for the City’s Wastewater Treament Plant; Approval of the sale of surplus police cruisers; And, authorize the Mayor to execute a Retainer Agreement for legal services for 2014 with David Wiederstein in the amount of $15,000, which is an annual increase of 2.5-percent. The rate had not been changed since 2008.