A public hearing will take place Wednesday evening in Atlantic, with regard to the City of Atlantic entering into a General Obligation General Purpose Loan Agreement and related borrowing of money. The hearing is part of the Atlantic City Council meeting that begins at 5:30-p.m. Wednesday, and follows recognition of the Atlantic High School/Middle School State Archery Team.

Under the agreement, the City would assume $304,181 in general purpose loan debt. If approved by the Council a Resolution would combine those funds with $2.35-million in essential corporate purpose bonds, for the purpose of undertaking various Capital Improvement Projects. It would also authorize the use of a Preliminary Official Statement and the levying of taxes to pay for those projects/bonds. City Administrator John Lund says those steps are the last actions needed by the Council related to the 2018 General Obligation Series until after the City takes the bond to market.

In other business, the Atlantic City Council will hold a public hearing on an Ordinance amending the Code of Ordinances, with regard to traffic being required to stop on Sunnyside Lane at the intersections of 10, 22^nd and 29^th Streets. The hearing will be followed by the first reading of an ordinance for the same purpose. The proposed ordinance would remove the 6^th Street stop sign, in order to improve traffic flow, and is in response to an engineers determination that with the new ethanol plant being built, certain areas of town will see higher traffic volumes, including Sunnyside Lane.

In his report to the Council, City Administrator John Lund will clarify the Council’s position on the Existing Inventory of empty lots, and speak with regard to a 2018 Code Enforcement Priority: The Minimum Maintenance Code.