HomeMy Public PortalAboutr 16-222Y� e�31)111fi-011 of fljj� otoqtj Df Ctrterj-J, �K- �-
Nu. 16 -222 Date of Adoption DECEMBER 27, 2016
ADOPTING THE CARTERET BUSINESS PARTNERSHIP, INC.
2017 ANNUAL SID I BUDGET
WHEREAS, the Carteret Business Partnership, Inc. (the "CBP "), the district
management corporation for the Borough of Carteret ( "Borough ") Special Improvement
District ( "SID "), adopted their SID I Budget for the 2017 Calendar Year ( "SID I
Budget ") at their November 17, 2016 meeting, a copy of which is attached hereto; and
WHEREAS, in accordance with the applicable law, the Governing Body wishes to
hereby Adopt said SID I Budget as presented.
NOW, THEREFORE, BE IT RESOLVED that the Mayor and Council of the Borough
of Carteret as follows:
1. That the above referenced 2017 SID I Budget is hereby Adopted.
2. That a copy of this resolution be forwarded to the Director of the
Carteret Business Partnership.
Adopted this 27`s day of December, 2016
and certified as a true copy of the
original on December 28, 2016.
KATHLEEN M. BARNEY, MMC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
BELLING
X
JOLIAL
X
DIAZ
X
lg2uhl
X
DIhIASCIO
R
NAPLES
X
X - Indicate Vote AB - Absent NV - Nut Vining XOR - Lidicates Votc to overrule Vcto
Adopted at a meeting of the Municipal Council
DECEMBER 27, 2016
CLERK
K
Carteret Business partnership, Inc.
61 Cooke Avenue
Carteret, Now Jersey 07008
,w 732 -54 -541-3835
2017 o BID I Bmdc,'et
Appropriation
Administration - Operations
Business Expenses
Capital Projects
Events
Facilities & Equipment
Reserve
Payroll
Professional Services
Program Grants
Program Services
` atal 2017 SID I Budget
$ 19,700.00
$5800.00
$ 1,462,000.0
$ 120,000.00
$90,000.00
$5000.00
$98,000.00
$105,00b.- 00
$131,350.00
$160,353.00
$2,197,203-00
. Revenue
Recycling Trust
Clean Communities
Loan Receivables
Other Income
$35,000.00
$35,000.00
$100,000.00
$10,000.00
Total Revenu
C. :i fib IN
Amount to be gamed - Swn v n .Qgessments $2,017,203.00