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No. 14 -13
Date of Adoption -hm-y 23 , X114
RESOLUTION APPROVING THE 2014 ANNUAL BUDGET OF THE
"CARTERET BUSINESS PARTNERSHIP, INC. — SID I & II
WHEREAS, Municipal Land Use Lary N.J.S.A. 40:56:84 requires the Carteret Business
Partnership to submit a detailed annual budget to the Governing Body for approval; and
WHEREAS, on December 16, 2013, the Carteret Business Partnership, Inc. Board of
Directors approved the 2014 Annual Budget, which is as "Exhibit A "'and
"Exhibit B "; and
NOW, THEREFORE, BE IT RESOLVED that the Mayor and Council of the Borough
of Carteret hereby approves the 2014 Annual Budget of the Carteret Business
Partnership, Inc. — SID I & 112014.
Adopted this 23" day of January, 2014
and certified as a true copy of the
original on January 24, 2014.
KATHLEEN NI. BARNEY, NhMC
Municipal Clerk
I:IIVO't A. R1VIM
Assistant Mmici al Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
,TED_
- B
az
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—
--
R
DIVA CCO
X - Indicate Vote AB - Absent NV - Not Voting
XOR - Indicates Vole to Overrule Veto
Adopted at a meeting of Ute Municipal Council
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Exhibit "A"
Carteret Business Partnership
SID 12014 Budget
Description
2014 Budget
Appro riation
2014 Capital Project Debt Service
$
850,000.00
Admin
$
2,500.00
Capital
$
120,000.00
Carteret Housing Dev Corp Grant
$
10,000.00
Engineering
$
20,000.00
Legal
$
10,000.00
Marketing/Community Investment
$
212,500.00
Micro Loan/Grant
$
100,000.00
Salaries & Wages
$
35,000.00
Small Business Programs
$
100,000.00
Supplemental Sidewalk
$
120,000.00
Reserve
$
100,000.00
Total 2014 Budget
$1,680,000.00
Revenue
Recycling Trust $ 35,000.00
Clean Communities $ 35,000.00
Other Income $ 10,000.00
2014 Amount to be Raised by Taxation $1,600,000.00
Exhibit "B"
Carteret Business Partnership
SID 11 2014 Budget
Description 2014 Budget
Appropriation
SID Police Patrols $ 125,000.00
Walldng/Bike Patrols $ 25,000.00
Community Safety Grant $ 55,000.00
Capital Equipment Grants
Police $ 75,000.00
Fire $ 130,000.00
OEM $ 10,000.00
Business Safety Grant $ 10,000.00
Reserve $ 25,000.00
2014 SID 1I BUDGET $ 455,000.00
2014 Amount to be Raised by Taxation $ 455,000.00
RESOLUTION: SUBMITTING 2014 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 December 16th, 2013 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
2014, and
NOW, THEREFORE, BE IT RESOLVED, that on this 16th day of December 2013, the Carteret
Business Partnership hereby approves the annual budget, which is annexed hereto as "Exhibit A"
and "Exhibit B" for the year 2014 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 Dan Reiman, Daniel Croson, Mark Hruska, Ajmar Johal, Hank D'Orsi, Ethel Heim
Opposed: N/A
Abstained N/A
Adopted this day of December 16, 2013
and certified as a true copy of the
Original on December 16, 2013.
Mark Hruska, Chairman
Daniel Croson Jr., Executive Director