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No. 11-27
Date of Adoption January 27, 2011
RESOLUTION APPROVING THE 2011 ANNUAL BUDGET OF THE
CARTERET BUSINESS PARTNERSHIP, INC. — SID 1 & I I
WHEREAS, the Municipal Land Use Law N.J.S.A.40:56 -84 required the Carteret
Business Partnership to submit a detailed animal budget to the Governing Body
for approval; and
WHEREAS, on January 20, 2011 the Carteret Business Partnership, Inc. Board of
Directors approved the 2011 Annual Budget, which is annexed hereto as "Exhibit
A" and "Exhibit B ": and
NOW, THEREFORE, BE IT RESOLVED that the Governing Body of the
Borough of Carteret hereby approves the 2011 Annual Budget of the Carteret
Business Partnership, Inc. — SID I & SID 112011.
Adopted this 27" day of January, 2011
and certified as a true copy of the
original on January 28, 2011.
KATHLEEN M. BARNEY,
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCI MAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NY
A.B.
BELLED
X
X
X
X
_DIAZ
DD SSCIO
X
SmIzz
X
X - Indicate Vote AB - Absent NV - Not Voting
XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
January 27,
CL RC
2011
--7�
RESOLUTION No.: 11.01 SUBMITTING 2011 SID I & II ANNUAL BUDGETS TO BOROUGH
GOVERNING BODY FOR APPROVAL
WHEREAS, N.J.S.A.40:56 -84 requires the Board of Directors to submit a detailed annual budgets
for approval by resolution of the Borough's Governing Body, and
WHEREAS, on January 20, 2011 the Carteret Business Partnership, Inc. Board of Directors
approved the annual budgets, which is annexed hereto as "Exhibit A" and "Exhibit B" for the year
2011, and
NOW, THEREFORE, BE IT RESOLVED, that on this 20th day of January 2011, the Carteret
Business Partnership hereby approves the annual budget, which is annexed hereto as "Exhibit A"
and "Exhibit B" for the year 2011 and directs that said annual budget be forwarded to the governing
body for introduction, approval, and adoption by resolution.
ROLL CALL VOTE
Those in Favor Daniel Reiman, Kathaleen Shaw, Joseph Sitarz, Pat Musi,
Mark Hruska, Sam Minucci
Opposed:
Abstained
Adopted this day of January 20, 2011
and certified as a true copy of the
Original on January 20, 2011.
Exhibit A
Carteret Business Partnership
SID 12011 Budget
Appropriation
2011 HWCTR Grant
$
200,000.00
Admin
$
2,500.00
Capital
$
37,500.00
Carteret Housing Dev
$10.000.00
Engineering
$
20,000.00
Legal
$
10,000.00
Marketing / Community Investment
$
175,000.00
Micro loan /grant
$
100,000.00
Salaries & Wages
$
35,000.00
SID Streetscape
$
300,000.00
Small Business Program
$
25 000.00
Supplemental Sidewalk
$
70,000.00
Amount 2011 SID Assessment $975,000.00
REVENUE
Recycling Trust $ (25,000.00)
Clean Communities $ (25,000.00)
Total 2011 Budget $1,025,000.00
Exhiibit B
Carteret Business Partnership
SID 11 2011 Budget
Description 2011 Budget
Appropriation
SID Police Patrols $ 100,000.00
Walking/ Bike Patrols $ 25,000.00
Community Safety Grant $ 35,000.00
Capital Equipment Grants
Police
$
50,000.00
Fire
$
-
OEM
$
5,000.00
Business Safety Grant
$
10,000.00
AMOUNT SID ASSESSMENT
$
225,000.00
2011 SID 11 Budget
$
225,000.00