The Atlantic City Council, Wednesday received word it would be getting a big boost to its budget thanks to an error by the Iowa Department of Revenue, with regard to the Local Option Sales Tax (LOST). Interim City Administrator John Lund said the City “Has received the largest LOST reconciliation check in our history, and this year’s revenue will be the largest we’ve ever had.” Lund said it’s because the Iowa Dept. of Revenue underestimated how much tax revenue the City would be receiving by local businesses. Lund said “I hope this is an indication that our local businesses are having a really excellent year.”

Lund said also a $1.4-million bond is being prepared for the Council’s approval, with regard to the finishing of street repairs in the Capital Improvement Plan. The interest rate for the bonds will be two-percent.

In other business, Iowa Department of Transportation officials said Tuesday that Highway 6 from Olive to just east of Burger King will be closed to through traffic this summer while the road is being rebuilt. Mayor Dave Jones said bid-letting for the two-month project would begin in March, 2015, with work beginning in June. Lund said anyone wanting to see what the project will encompass can stop by City Hall and check with him.

Officials said that while construction was underway, through traffic would be blocked, but access would be available to businesses via side streets and short temporary access points.