(Atlantic) Hal Gronewald, of Cass/Atlantic Development appeared in front of the Atlantic City Council during a budget workshop Wednesday night. He asked them to leave some bonding capacity for three proposed projects that will need funding in the near future.
Gronewald says they include; a $500,000 housing development, a $500,00 airport hangar, and a $1 million addition to the YMCA.
“We are concerned that all of the bonding capacity will be used up on streets and other projects you guys are involved in,” stated Gronewald. “We would like you to leave a little bonding slack for these three items coming down the pike.”
Atlantic City Councilman Shawn Shouse says it may take three or four years to work those projects in.
“I can’t imagine that the “Y” board would think they could walk in one day and say, “oh by the way,” we need one-million dollars,” stated Shouse. “I am sure they understand, that has to be worked into a long range plan.”
Councilman Steve Livengood said, “The Y and the airport should be able to bring in some revenue themselves to help fund some of their own improvements.”
The Council met Tuesday and Wednesday for a budget work session. The next step is approval either March 6, or a special meeting March 13.
February 14, 2013