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No. 21 -9
Date of Adoptio January 5, 2 021
APPROVING THE CARTE RE' BUSINESS PARTNERSHIP, INC.
2021 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 2021 Calendar Year
( "SID I Budget "), a copy of which is attached hereto, for ultimate adoption by the
Governing Body; and
WHEREAS, in accordance with th'e 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 2021 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
2021 SID I Bridget advertised ih The Star Ledger in the
issue of January 25, 2021 for a public hearing thereon to be
held on February 4, 2021, as provided by law.
Adopted this 5th day of January, 2021
and certified as a true copy of the
original on January 6, 2021.
CARMELA POGORZELSKI
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
Y
NO
NV
A.B,
COUNCILMAN
YLS
NO
NV
A.B.
BELLINO
X
JOHAL
X
DIAZ
X
KRUM
X
DIMASCIO
X
NAPLES
X- Indicate Vote AB- Absent NV -Not Voting XOR- Indicates Vote to OverruC6 Veto
Adopted at a meeting of the Municipal Council
j Janua 5 021
n,l '
,r. t
Municipal 'Clerk i��
Carteret Business Partnership, Inc.
61 Cooke Avenue
Carteret, New Jersey 07008
732 - 541 -3835
2021— SID I Budget
Appropriation
Administration
$35,000.00
Business Expenses
$10,000.00
Capital Projects
$1,750,000.00
Events
$140,000.00
Facilities & Equipment
$65,000.00
Payroll
$280,000.00
Professional Services
$80,000.00
Program Grants
$110,000.00
Program Services
$105,000.00
Debt Services
$300,000.00
Total 2020 SID I Budget $2,875
Revenue
Recycling Trust $35,000.00
Clean Communities $25,000.00
Loan Receivables $120,000.00
Other Income $25,000.00
Total Revenue $205,000.00
Amount to be raised — SID I assessments $256709000.00
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:
January 25, 2021
/t
Notary Public of New Jersey
DANA C, ARCHFVAL
NOTARY PUBLIC OF NEW JERSEY
MYGOhIM188lus Euplros 9/1212022
Sworn and subscribed before
me this �6 day of C, 2
Municipal Clerk