(Atlantic, Iowa) [updated]- An investment the City of Atlantic made in a housing rehabilitation program has come full-circle, with a reimbursement check for $65,000 issued to the Mayor, Wednesday evening. In Dec. 2020, the City Council passed a Resolution establishing a non-profit Housing Rehabilitation Revolving Loan Fund. At that same Dec. 16th meeting, they appropriated funds and partnered with SHIFT ATL on the organization’s first housing project at 608 Hazel Street.

SWIPCO Community Development Director/SHIFT ATL Co-Founder Alexsis Fleener said Wednesday, the project was completed, and the home was sold for $154,000. Fleener said the house was purchased for rehab in the amount of $63,000, but with closing costs included, the loan from the City came to $65,000.

She says when they paid off the loan and the check presented Wednesday night clears the bank, SHIFT ATL will have made $33,000. The funds reimbursed to the City will be deposited back into the Non-profit Housing Fund for future projects.

In other business, the Atlantic City Council, Wednesday, passed by a vote a 6-to1, a Resolution granting Mike Pellett, the owner of 60499 Glacier Road, permission to connect to the City’s Sanitary Sewer System.

Councilman Dick Casady was the lone “Nay” vote.

Annexing the address on Glacier Road would have been impractical, due to it being too far from the City limits, and the City would have had to absorb a bridge, one they do not need added to the infrastructure liabilities, according to City Administrator John Lund.

The Council approved the closing of select streets on October 9th at 6-p.m., for the Atlantic Fireman’s Parade. Mayor Dave Jones set Halloween as Sunday, Oct. 31st, from 5-until 7:30-p.m., and the Council approved the appointment of Heather Santi-Brown to the Housing Committee.