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State, Federal Funding Set To Shore Up N. Wildwood

Bond In Investing Savings More than $22 million in state and federal funding has been set aside to replenish the city's beaches and rehabilitate its seawall.

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Bond Investment Toledo Toledo The project, a joint effort between the Army Corps of Engineers and the state Department of Environmental Protection, includes $12.7 million from the federal government and $5.1 million from the state for the repair of the deteriorating seawall at Anglesea Avenue. The city's share of the project, $1.7 million that will be funded through bonding, is due by the end of the year, and then the project can begin.

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James Bond Trading Card "Without the seawall, we stand losing that area and having it drop into the ocean," Mayor Aldo Palombo said Tuesday. The seawall protects homes and businesses, all-important ratables, along the Hereford Inlet.

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Bond In Investing Stock "We were shocked when this came through. This is the biggest amount of money we've ever received for a project like this," Palombo said. He said the city had focused attention on both projects, but did not expect the seawall project to receive support for several more years.

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Municipal Bonds Investment Palombo noted the amount to be spent on the seawall is more than the city's entire $16 million annual budget.

More than 90 percent of the roughly $ 06 school year came from state funds the Federal government supplies only 8.2 percent of all public education funding. With such a "small" amount to invest, based programs that create and maintain the high standards and strong accountability systems required by No Child Left Behind Act. Commitment to these programs has been demonstrated by the $6 billion added to the Federal budget for NCLB programs between 2002 and 2006, and the additional $1 billion that has been requested for the 2007 federal budget.

Bond Terms Trading In addition, the city is set to receive $4.5 million from the state to restore its beaches starting at Second Avenue. The beaches between Second and 13th avenues, in particular, have lost ground due to erosion caused by recent storms and the changing Hereford Inlet.

Bond Debt High In Inside The city will contribute $1.5 million to that project.

Bond Greenville Greenville 'The beach, of course, is our gold, and the gold was disappearing," Palombo said.

Trading Stock And Bonds Visitors and residents, he said, have complained about the disappearing beach.

Bond Investing Municipal Palombo, noting that erosion is visible as far as 18th and 19th avenues, said 1 million cubic yards of sand is to be added to the beaches in conjunction with similar replenishment projects in nearby Avalon and Stone Harbor. Work should begin in mid-August or September.

Basis Bond Finance Hill The sand may come from dredging of the Hereford Inlet, although that has not been determined, Palombo added.

Bond Explained Terms Trading The mayor hopes the money will also be available to restore the city's battered outfall pipes at Second and 19th avenues. The pipes, once covered with sand, now protrude from the beach.

Bond Business Investing Stock In April, Public Works Superintendent Tim O'Leary noted the loss of dozens of dune plants as the dunes disappeared and turned into small cliffs.

Bond Houston Houston Palombo thanked Reps. Frank LoBiondo, R-2nd, and Bob Brady, D-Pa., for their help in securing the funding.

Stock Bonds Day Trading By Trudi Gilfillian
The Press of Atlantic City - 7/10/2002

Topic: Beach Replenishment

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