HomeMy Public PortalAboutr 17-217� iosofuttion of the 3oxough of Cartmt, N- �c
17 -217 Date of Adoption Dt s 7 201
No
ADOPTING THE CARTERET BUSINESS PARTNERSHIP, INC.
2018 ANNUAL SID II 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 II Budget for the 2018 Calendar Year ("SID II
Budget") at their November 14, 2017 meeting, a copy of which is attached hereto: and
WHEREAS, in accordance with the applicable law, the Governing Bodv wishes to
hereby Adopt said SID II 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 2018 SID II Budget is hereby Adopted.
2. That a copy of this resolution be forwarded to the Director of the Carteret
Business Partnership.
Adopted this 7 day of December. 2017
and certified as a true copy of the
original on December 8. 2017.
KATHLEEN M. BARNEY. MMC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
I NO
I NV
A.B.
IEILLMD
x
icHaL
X
DIAZ
X
]dart
X
DIIISCIO
X
NAPLES
X
X - Indicate Vote AB - Absent NV - Not Vexing XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
Dt=C� 7' 2017
i C'LERK
2018 - SID II Budget
Appropriation
Administration $35,000.00
Capital Projects - Equipment $215,000.00
Reserve $5000.00
Program Grants - Safety Grants $110
Program Services - Police Patrols $170,000.00
Total 2017 SID II Budget $535,000.00
Amount to be raised - SID II assessments $535,000.00