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No. #20 -36
Date of
APPROVING THE CARTERET BUSINESS PARTNERSHIP, INC.
2020 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 "), has submitted its proposed SID I Budget for the 2020 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:
1. That the above referenced 2020 SID I Budget is hereby
Introduced and Approved by title.
2. That Appropriate Borough Officials are hereby authorized
and directed, to take all necessary action to have the said
2020 SID I Budget advertised in The Star Ledger in the
issue of February 7, 2020 for a public hearing thereon to be
held on March 5, 2020, as provided by law.
Adopted this 6n' day of February, 2020
and certified as a hue copy of the
original on February 7, 2020.
CARMBLA POGORZELSKI
Acting Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YRS
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
BGLZINO
X
JOHAL
X
DIAZ
X
K UM
X
DIMASCIO
X
NAPLES
X
X- Indicate Vote AB-Absent NV - Nat Voting XOR- Indicates
Vote to Overru a Veto
Adopted at a meeting of the Municipal Council
F bruary 6
2020
/ yY
Acting Municipal U k
Carteret Business Partnership, Inc.
61 Cooke Avenue
Carteret, New Jersey 07008
732 -541 -3835
2020 - SID I Budget
Appropriation
Administration - Operations
$25,000.00
Business Expenses
$10,000.00
Capital Projects
$1,650,000.00
Events
$140,000.00
Facilities & Equipment
$55,000.00
Payroll
$280,000.00
Professional Services
$80,000.00
Program Grants
$105,000.00
Program Services
$105,000.00
Debt Service
$300,000.00
Total 2019 SID I Budget $2
Revenue
Recycling Trust $50,000.00
Clean Communities $35,000.00
Loan Receivables $120,000.00
Other Income $35,000.00
Total Revenue $240,000.00
Amount to be raised - SID I assessments $2,510,000.00
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 time(s), once in each issue as follows:
February 7, 2020
Notai blic of New Jersey
Sworn and subscribed before
me this 'I day of aL
MARGARET M. RUSSO
NOTARY PUBLIC OF NEW JERSEY
My Commission Expires April 4, 2020
Acting Municipal Clerk