Throughout the history of the Atlantic County Improvement Authority, we have been involved in activities that have had a significant positive impact on Atlantic County's quality of life and the economic well being of our residents. Whether our role in a particular undertaking is project management, financing, economic and community development or some combination of these, the services that we provide are an integral part in ensuring that these projects move forward toward completion.
Because of the hard work, experience, expertise and professionalism of the talented and dedicated staff of the Improvement Authority, we continue to successfully implement a wide variety of activities throughout the county. Those activities have included project management for such projects as construction and financing of the $50 million administrative building at the FAA's William J. Hughes Technical Center, the construction of the $268 million Atlantic City Convention Center, the $90 million renovation project to the Historic Boardwalk Hall and the $40 million construction of the new County Criminal Court Complex in Mays Landing. More recently we have completed the $40 million addition to the Atlantic County Institute of Technology, the Boardwalk Improvement Project in Atlantic City that included cameras on the Boardwalk and the construction of the state of the art surveillance room in the Public Safety building, several million dollars in projects at Atlantic Cape Community College and the construction of the first building at the National Aviation Research and Technology Park. Each year the Authority administers over $1.5 million in Community Development Block Grant and HOME Investment Partnership funds implementing two-First Time Home-buyers Programs, a Housing Rehabilitation Program, the Creation of Affordable Housing, and funding various municipal projects including infrastructure improvements, Recreation Facilities and Park Improvements, ADA Improvements to Public Facilities, and Senior Citizen Projects. Other activities that we are currently involved in include; a section 108 Small business loan program, and management of two public Golf Courses, Atlantic County’s John F. Gaffney Green Tree Golf Course and the Links at Brigantine. Some of these activities are highlighted in the following pages.
Recently, we have been successful in expanding our activities to take advantage of the powers granted to Improvement Authorities, particularly in the area of financing. As a conduit issuer of tax-exempt bonds, over the past few years, we have issued bonds in the amount of $127,000 to finance the construction of Stockton Atlantic City, $15.5 million for building one of the National Aviation Research and Technology Park, $10 million for a Municipal Pooled loan program and $6.2 Million for the Cape May Tech Village. As we move forward, we are looking to expand our role by providing assistance to public entities and private for profit and non-profit businesses in areas including financing, economic development, housing, redevelopment projects, project management, open space, transportation, tourism and recreational facilities.
I appreciate the confidence in the Authority shown by the County of Atlantic, and our municipalities who continue to engage us to undertake projects on their behalf. I appreciate the on-going support of Atlantic County Executive Dennis Levinson and the Atlantic County Board of Chosen Freeholders. Finally, my special thanks to our Board of Commissioners for the on-going guidance, support and direction they provide and their dedication to the Authority.
John C. Lamey, Jr.