The Atlantic City Council is expected to act on a couple of property resolutions during their meeting Wednesday evening, at City Hall. The Council will first act on approving a resolution accepting the property at 203 Locust Street. City Attorney Dave Wiederstein reports the Courts have awarded title to the abandoned property to the City, which he will request the Council accept, during their meeting.
The second resolution pertains to the same property, and is with regard to the sale of that property to Rob and Marlo Stamp, for $100. The Stamps have agreed to demolish the structure and provide a performance guarantee, which entails $2,000 being put into escrow until the building is demolished and removed. The City Attorney feels the guarantee would provide the City with adequate assurance the job would be completed in a timely manner.
In other business, the Council will receive a report from Snyder and Associates Engineer Dave Sturm, with regard to the Street Maintenance Study. The Study, which was commissioned in 2010, indicated street repairs are the highest priority of the community’s citizens, and will show that over the past four-years, efforts have been made to repair and maintain the streets, but ongoing deterioration of existing pavement and some backlogged projects continue to be of concern.
One way to address the problem, according to City Administrator Doug Harris, is to refinance old bond issues and issue new bonds, at current low interest rates. The study, it’s hoped, will give the Council the information it needs to make some difficult choices that result in a sustainable Capital Improvement Program (CIP) that will enable the City of minimize future costs, according to Harris.
The City Council meeting begins at 5:30-p.m.