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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 PAL _ ..1.. li hY �/ e i61 e' V1 ' rlLLtllGl}jtll 'LLUrm ✓ 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