HomeMy Public PortalAboutr 15-236o. 1 5-9'), Date of Adoption -Y 1 6, 2015
N
APPROVING THE CARTERET BUSINESS PARTNERSHIP, INC.
2016 ANNUAL SID I BUDGET
WHEREAS, the Carteret Business Partnership, Inc. (the "CBP "), tile district
management corporation for the Borough of Carteret (`Borough ") Special Improvement
District ( "SID "), has submitted its proposed SID I Budget for the 2016 Calendar Year
( "SID I Budget'), a copy of which is attached hereto, for ultimate adoption by the
Governing Body; and
WHEREAS, in accordance with the applicable law, the Governing Body wishes to
hereby Introduce and Approve said SID I Budget as presented.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and Council of the Borough
of Carteret as follows:
That the above referenced 2016 SID I Budget is hereby Introduced and
Approved by title.
2. That the Appropriate Borough Officials are hereby authorized and
directed to take all necessary action to have the said 2016 SID I Budget
advertised in The Star Ledger in the issue of November 27, 2015, for a
public hearing thereon to be held on December 29, 2015, as provided by
law.
Adopted this 16" day of November, 2015
and certified as a true copy of the
original on November 17, 2015.
KATHLEEN M. BARNEY, NIMC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO i NV
A.B.
COUNCILMAN
1 YES
NO
NV
A.B.
BELLING
X
D
X
1
X
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DP IASCTO
X- fruixate Vole AB- Abaene NV Not Vona NOR - Indicates VOte to 0 Veto
Adopted at a meeting of the Municipal Council 7b 201 5 f t J
Carteret Business Partnership, Inc.
2016 SID I Budget
Carteret Business Partnership
Description 2016 Budget
Appropriation
2015 Capital Projects
$1,000,000.00
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
$150,000.00
Salaries & Wages
$35,000.00
Small Business Programs
$100,000.00
Supplenu.;.: a Sidewalk
$155,000.00
Events
$65,000.00
Recreation
$30,000.00
Reserve
$52,500.00
Grand Opening Grants/ Mail outs
$50,000.00
Newsletter /Mailings /Meet ups
$50,000.00
Total 2015 Budget $2,097,650.00
Revenue
Recycling Trust
$35,000.00
Clean Communities
$35,000.00
Loan Receivables
$100,000.00
Other Income
$10,000.00
Total Revenue $180,000.00
SID I Budget
Amount to be raised by SID Assessments $1,917,650.00
AFFIDAVIT OF PUBLICATION
The following is a true copy of an Ordinance or Resolution of
the Borough of Carteret that has appeared in the Star Ledger,
a newspaper which is printed in Newark, New Jersey and
published in Essex County, of general circulation in said
county and state. One (1) tim
November 27, 2015