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Atlantic City Council to act on proposed SE Urban Renewal District Amendment

News

August 1st, 2022 by Ric Hanson

(Atlantic, Iowa) – The Atlantic City Council is set to meet 5:30-p.m. Wednesday, in their chambers at City Hall. On their agenda is an Order to approve a change order for the Bull Creek Improvement project, which results in a net change in the amount of just under $6,100. ARPA funds will address the cost of the change order. The Council will also hold a Public Hearing on a proposed amendment to the Southeast Urban Renewal District. The proposed amendment would authorize the undertaking of new urban renewal projects in the Urban Renewal Area (URA), consisting of:

  1. Providing Tax Increment Financing (TIF) support to Boose Building Construction, L.C., in connection with the construction of public infrastructure necessary for the development of housing in the Redwood Subdivision; and
  2. Using TIF to pay the costs of acquiring property and constructing public infrastructure necessary for the development of the Prairie Hills Development.

Following the hearing the Council will act on passing a Resolution authorizing the amendment. City Administrator John Lund has stated “Passing this amendment does not bind the Council to any debt for the Prairie Hills Addition. The Redwood Subdivision is the same, the amendment is red tape (the Council] must go through,” before it can proceed with binding action. Lund says the Boose Development Agreement WILL bind the Council to the Redwood Subdivision Infrastructure extension, which is a separate Resolution.

In other business, the Atlantic City Council will hold the second reading of an Ordinance pertaining to parking regulations. More specifically, if approved, the amendment would allow parking for two-hours Thursday’s on the west side of Palm Street, between 6th and 7th Streets, for drive-through food distribution from the Atlantic Food Pantry. The hours affected are 11:30-a.m. to 1:30-p.m.