HomeMy Public PortalAboutr 20-058�eovlu ion of the PInxoug4 of Turf, xe#, N 4.
N #20 -58 Date of Adoptio March 5, 202
ADOPTING 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 their proposed
SID I Budget for the 2020 Calendar Year ("SID I Budget ") to the Governing Body for its approval and
ultimate adoption according to law; and
WHEREAS, on February 6, 2020, the Governing Body adopted Resolution #20 -36, Introducing and
Approving the submitted SID I Budget and scheduling the same for a Public Hearing on March 5, 2020, all
in accordance with the applicable law; and.
WHEREAS, as advertised, the Governing Body held a Public Hearing on the SID I Budget on this date,
with the majority of the full membership of the Governing Body having determined that the said SID I
Budget be read by title, hereby declaring that the following required conditions therefore having been met
as follows:
1. At least one week prior to the date of the Public Hearing, this March 5, 2020, a
complete copy of the approved budget, as advertised, was posted in a public place
where public notices are customarily posted in the principal municipal building of
the Borough; and
2. A complete copy of the SID I Budget was made available to any person who
requested the same; and
WHEREAS, the Public Hearing on the SID I Budget was opened to the public, giving all persons having
an interest therein the opportunity to present any objections with regard to the same, and no one presented
any objections thereto, after which the hearing was closed; and
WHEREAS, the Governing Body wishes to hereby Adopt the said SID I Budget as presented by the CBP,
without any amendments.
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 Adopted as presented by
the CBP without any amendment thereto.
2. That a copy of this resolution be forwarded to the Director of the Carteret
Business Partnership.
Adopted this 6 day of March, 2020
and certified as a true copy of the
original on March 7, 2020. '
CARMELAPOGORZELSKI
Acting Municipal Clerk
RE CORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
BELLINO
X
JOHAL
X
DIAZ
X
KRUM
X
DIMASCIO
X
NAPLES
X
X - Indicate Vote All - Absent NV - Not Voting XOR- Indicates Vote to Overrate Veto
Adopted at a meeting of the Municipal Council
A Marc 5, 2020
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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 2020 SID I Budget $2,750,000.00
Rem. -mile.
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:
March 16, 2020
n) . &>S�
Notary ublic of New Jersey
I
Carinela Pogorzelski� -�
Acting Municipal Clerk
Sworn and subscribed before
me this i ID W- day of W ( c J c').rp
MARGARET M. Rl.iSgp
NOTARY PUBLIC OF NEIN,JFR ^FY
My Commission Expires Apt 4, m" /)
2020 - SID I Budget:
of the Carteret Business Partnership
Appropriation
Administration- Operations $25,000.00
Business Expenses` :$10,000.00
'Events
Facilities & Equipment
,$
$
Payroll
$
Professional Services
Program Grants
1$
$
Program Services
Debt Service
$;
Total 2020 SID I Budget
$:
Revenue
Recycling Trust
$!
Clean Communities
$-.
Loan Receivables
'$1
other Income
$3
Total Revenue
$ 2
Amount to be raised d -SID I assessments
$2
Carmela Pogorzelski +
Acting. Municipal Clerk
3/16/20