The Atlantic City Council is expected to act this (Wednesday) evening, on setting the date for Public Hearings on entering into General Obligation Loan agreements with regard to bonds for Capital Improvement and Solid Waste Management. One Resolution calls for a bond not to exceed $2.54-million for building, vehicle, equipment, street, bridge and alley projects for the 2018, 2019 and 2020 calendar years. The bond is set to bring in $2.69-million, although the principal amount borrowed will be less, according to City Administrator John Lund, because the City will receive a premium from its creditors, which incentivizes an amortization schedule agreeable to them. The premium covers the cost of the bond council and broker fees, but some money will remain to offset the City’s borrowing. The second Resolution pertains to a Solid Waste Management Loan Agreement and the borrowing of money not to exceed $90,000. Together, the bonds amount to slightly more than $3-million.

The Council will also discuss the proposed FY 2019 Budget and 10-year Capital Improvement Plan (CIP), and act on passing a resolution authorizing bids for 2018 Street and Alley improvements. Speaking of streets, the Atlantic City Council is expected to approve tonight, an Order closing certain streets on August 5th from 8-a.m. to 5-p.m., for the Saints Peter and Paul Catholic Church, in honor of their 125th Anniversary Celebration. If approved, the following streets will be closed during the requested date and times:

• West 6th, between Locust and Poplar
• West 5th, between Locust and Poplar
• Locust, between 5th and 6th Streets
• West 6th, between Locust & the alley between Locust & Cedar.

In other business, the Atlantic City Council will act on an Order approving an Engineering Agreement with Snyder & Associates, for the AMU Connector Trail Project. The City has agreed to cover the cost of the engineering work necessary to complete the project. And, the Council will act on an Order approving a Subscription Agreement with 5Q in Atlantic, for a new web service called “Journity,” which is designed to customize the experience of persons visiting the City’s website, by identifying their location. It will also collect statistical information on the visitors, including their zip code, frequency of visiting the site, and what features visitors are looking at on the site. 5Q owner Chad Williams will make a presentation to the Council, prior to their vote on the Agreement.

The Atlantic City Council meeting begins at 5:30-p.m. in the Council’s Chambers at City Hall.