Margate Commission discussion from June 25 regarding municipal finances, debt and dredging projects.
Future Phases and Private Responsibility: When pressed on the number or cost of future dredge phases, officials declined to speculate.
Margate City is not responsible for dredging the entire waterfront; stretch from Washington Ave to Coolidge Ave is entirely private.
Margate’s Mayor Collins noted that once details are finalized online, residents will see that the vast majority of waterfront dredging must be funded and handled by private bayfront homeowners and businesses.
Financial Reporting and Debt: During public comment, resident thanked Commissioner Blumberg for providing a finance report—the first since February—and requested that current municipal debt figures be explicitly added to future updates.
Dredging Phase #1 Costs: Resident questioned cost and scope of the newly initiated dredging project.
Engineer Ed Dennis confirmed that Phase #1 has $5.2 million allocated via a bond ordinance.
Phase 1 covers from Margate Bridge to Orient Canal (near Nassau Ave) and a small, isolated section waterward of the Margate City Pier at Washington Ave.
when will phase 1 begin?