(Atlantic) The Atlantic City Council will convene Wednesday for a Special Meeting regarding a $4.9 million loan agreement with Ruan Securities. The interest rate is just shy of 2.1-percent. Atlantic Mayor Dave Jones says $3.9 million dollars will be used for street, storm water and building improvements. Part of the loan will be used to build a new Park and Rec. maintenance shed.
“The current maintenance shed is in shambles,” stated Mayor Jones.
The meeting starts at 5:30, in the City Council Chambers at City Hall.
February 27, 2012
2:00 p.m. newsupdate