The city is continuing to chart out a plan to finance much-need renovations to its sewer system and streets, while it looks ahead to future redevelopment projects.
City Council authorized officials Monday to issue general-obligation bonds to raise around $1.66 million for road improvements with an $87,500 down payment.
This action comes after City Council voted to authorize up to $4 million in bonds to make renovations to the city sewer system in May. Of that amount, $2.5 million has already been borrowed at an interest rate of 2.67%. Read More from Press of Atlantic City.