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No. 13—Y4 Date of Adoptiod 7r 20 13
RESOLUTION ACCEPTING AND APPROVING 2013 BUDGET
ALLOCATIONS OF THE CARTERET BUSINESS
PARTNERSHIP, INC. — SID I & SID II
WHEREAS, Municipal Land Use Law N.J.S.A, 40:56:54 requires the Carteret Business
Partnership to submit a detailed budget to the Governing Body for approval; and
WHEREAS, Carteret Business Partnership, Inc., pursuant to IN.J.S.AAO:S6- 65 -39 -33 is
permitted through its Board of Directors, to allocate funds for various projects, which is
annexed hereto as "Exhibit A" and
NOW, THEREFORE, BE IT RESOLVED that the Mayor and Council of the Borough
of Carteret hereby accepts and approves the budget allocations of the Carteret Business
Partnership, Inc. as specified in "Exhibit A ".
Adopted this 7" day of February, 2013
and certified as a true copy of the
original on February 7, 2013.
KATHLEEN bI. BARNEY, SIC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
BELLINO
X
KRUM
X
DIAZ
X
NAPLES
X
DI MASCIO
X
SITARZ
X
X - Indicate Vote AB - Absent NV - Not Voting
XOR -
Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
Febnniy 7 2013
OM CLE 2Ef?K
a
Exhibit A
Carteret Business
Partnership
SID 12013 Budget
Description
2013 Budget
Appro a
2 013 Cap ital Project Debt Service
$750,000.00
Ad min i n
2, 500.00
Capital
75,000.00
Carte Housi Dev
10,000.00
Engineering
20,000.00
Legal —F::::
10,000.00
Market /Communit Investment
212,500.00
Micro Lo an /Grant
100,000.00
Salaries &Wages
35,000.00
Small Bus iness Programs
50,000.0
Supplemental Sidewalk
90.000.00
_
Reserve 1
_
100,000.00
Total 2013 Budget
$1, 455,000.00
Revenue
Rec ycling Trust
$25,000.00
Cl ean Communit
25,000.00
Other Income
5,000.00
2013 Amount to be raised by Assessment
$1,400,000.00
Exhibit B
Carteret B usiness Partnership
SID 112013 Budget
Description
2013 Budget
Appropriation
$125,000.00
$25,000.00
SID Police Patrols
Walking /Bike Patrols
--
Community Safety Grant
45,000.00
Capi Equipment Grants
Police
75,000.00
Fire
0
OEM
10,000.00
Business Safety Grant
10,000.00
Reserve
50,000.00
2013 SID II
BUDGET
$340,000.00
2013 Amount
to be raised by taxation
$340,000.00