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No. 14 -212 Date of Adoption %yotber 6 , 2014
RESOLUTION APPROVING THE 2015 ANNUAL BUDGET OF THE
CARTERET BUSINESS PARTNERSHIP, INC. — SID 18, II
WHEREAS, Municipal Land Use Law N.I.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 October 16, 2014, the Carteret Business Partnership, Inc. Board of
D approved the 2015 Amoral Budget, which is annexed hereto 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 2015 Annual Budget of the Carteret Business
Partnership, Inc. — SID I & I12015.
Adopted this 6" day of November, 2014
and certified as a true copy of the
original on November 7, 2014.
KATHLEEN M. BARNEY, MMC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN YES NO INV IA.B.11 COUNCILMAN YES NO INV IA.13.
DIAZ X X
X x
X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Overtule Veto
Adopted at a meeting of the Municipal Council a NOVenber
Exhibit A
Carteret Business Partnership
SID 12015 Budget
Description
2015 Budget
Appropriation
Clean Communities
$
2015 Capital Projects
$
900,000.00
Admin
$
2,650.00
Capital
$
150,000.00
Carteret Housing Dev Corp Grant
$
10,000.00
Engineering
$
20,000.00
Legal
$
10,000.00
Marketing /Community Investment
$
217,500.00
Micro Loan /Grant
$
125,000.00
Salaries & Wages
$
35,000.00
Small Business Programs
$
100,000.00
Supplemental Sidewalk
$
130,000.00
Events
$
65,000.00
CHS Senior Great Adventure Trip
$
5,000.00
Reserve
$
100,000.00
Grand Opening Grants /Mailouts
$
15,000.00
Newsletter /Mailings
$
37,500.00
Total 2015 Budget
$
1,922,650.00
Revenue
Recycling Trust
$
35,000.00
Clean Communities
$
35,000.00
Loan Receivables
$
75,000.00
Other Income
$
10,000.00
Total Revenue
$
155,000.00
Amount to be raised by taxation
$
1,767,650.00
RESOLUTION 14.06: SUBMITTING 2015 SID I ANNUAL BUDGET TO BOROUGH
GOVERNING BODY FOR APPROVAL
WHEREAS, N.J.S.A.40:56 -84 requires the Board of Directors to submit detailed annual budgets for
approval by resolution of the Borough's Governing Body, and
WHEREAS, on October 16th, 2014 the Carteret Business Partnership, Inc. Board of Directors
approved the annual SID I budget, which is annexed hereto as "Exhibit A" for the year 2015, and
NOW, THEREFORE, BE IT RESOLVED, that on this 16th day of October 2014, the Carteret
Business Partnership hereby approves the annual SID I budget, which is annexed hereto as
"Exhibit A" for the year 2015 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, AJ Johal, Hank D'Orsi, Sam Minucci, Mark Hruska
Opposed:
Abstained
Adopted this day of October 16, 2014
and certified as a true copy of the
Original on October 16, 2014.
Mark Hruska, Chairman
Daniel Croson Jr., Executive Director
Exhibit B
Carteret Business Partnership
SID 11 2015 Budget
Description 2015 Budget
Appropriation
SID Police Patrols $ 125,000.00
Walking /Bike Patrols $ 30,000.00
Community Safety Grant $ 65,000.00
Fire mailout
Neighborhood Watch Mailer
Capital Equipment Grants
Police $ 75,000.00
Fire $ 130,000.00
OEM $ 10,000.00
Business Safety Grant $ 50,000.00
Reserve $ 5,000.00
2015 SID II Budget $ 490,000.00
2015 Amount to be raised by taxation $ 490,000.00
RESOLUTION 14.07: SUBMITTING 2015 SID II ANNUAL BUDGET TO BOROUGH GOVERNING
BODY FOR APPROVAL
WHEREAS, N.J.S.A.40:56.84 requires the Board of Directors to submit detailed annual budgets for
approval by resolution of the Borough's Governing Body, and
WHEREAS, on October 16th, 2014 the Carteret Business Partnership, Inc. Board of Directors approved the
annual SID II budget, which is annexed hereto as "Exhibit B" for the year 2015, and
NOW, THEREFORE, BE IT RESOLVED, that on this 16th day of October 2014, the Carteret Business
Partnership hereby approves the annual SID II budget, which is annexed hereto as "Exhibit B" for the year
2015 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, AJ Johal, Hank D'Orsi, Sam Minucci,
Opposed:
Abstained Mark Hruska
Adopted this day of October 16, 2014
and certified as a true copy of the
Original on October 16, 2014.
Mark Hruska, Chairman
Daniel Croson Jr., Executive Director