The Atlantic City Council, Wednesday evening, is expected to act on approving the Second Reading of Ordinance No. 953 “An Ordinance Designating the 2014 Urban Revitalization Area.” The Council had previously adopted a resolution for an Urban Revitalization Area, but that plan does not become effective until the Council adopts the Ordinance, which designates “All real property contained within the incorporated limits of the City of Atlantic.” The Council held the first reading of the ordinance at it’s meeting on August 2nd, beginning at 5:30-p.m.
The Council will also hold the first reading of an Ordinance (#954) that adds a new subsection pertaining to Speed Regulation. During the recodification process last year, that section of the City Code was inadvertently left out. The Chief of Police and City Attorney have asked that the new Code be amended to reinstate the old subsection.
In other business, the Council is expected to act on a “Motion to Accept Letter of Transmittal from the Planning & Zoning Commission,” to Vacate Lot A of Southern Heights Subdivision Second Addition.
Zoning Administrator John Lund reports that the Planning & Zoning Commission at their meeting on August 12th, reviewed and approved the Southern Heights 2nd Addition site plan submitted by Don Sonntag. The site plan calls for six duplex condominiums facing 22nd Street.
One of the lots (Lot A) is platted as a street entrance which conforms to the City’s adopted Comprehensive Plan’s Transportation Concept, that shows future street connections in the area between 19th and 22nd Streets. In order for the site plan to move forward including a sixth duplex on the platted street entrance, the Commission has recommended that Lot A be vacated by the City Council which would allow a duplex condominium unit to be built on it.
And, the Council may act on authorizing the Mayor to Execute Loan Agreement Between the City and RD Atlantic. Last September, RD Atlantic LLP asked the Council for financial assistance for an Elderly Affordable Housing/Rehab Project. The project involved the Regency Villa Apartments at 1601 Redwood Dr. The Council agreed at that time to provide a twenty year, $20,000 interest free loan to RD Atlantic with the principal due in 2030.
RD Atlantic has agreed to pay the City $750 per year as payment in lieu of taxes (PILOT) as their facility is operated as a non-profit and does no currently pay taxes. ThePILOT will, in essence, serve to pay the City 3.75% interest on the loan and will be a separate side agreement.