HomeMy Public PortalAboutr 21-025At-solution of tht 19orough of (far #ere #, N. 5C
No. #21 -25
Date of Adoption February 4, 2021
ADOPTING THE CARTERET BUSINESS PARTNERSHIP, INC.
2021 ANNUAL SID 1 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 2021 Calendar Year
( "SID I Budget ") to the Governing Body for its approval and ultimate adoption according
to law; and
WHEREAS, on January 5, 2021, the Governing Body adopted Resolution #21 -9,
Introducing and Approving the submitted SID I Budget and scheduling the same for a
Public Hearing on February 4, 2021, 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 frill 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:
I. At least one week prior to the date of the Public Hearing, this February
4, 2021, 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 2021 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 41' day of February, 2021
and certified as a hue copy of the
original on February 5, 2021.
CARMELA POGORZELSKI
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
ITS
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
BELLINO
X
JOBAL
X
DIAZ
X
KRUM
DIMASCIO
NAPLES
X- Indicate Vote AB- Absent NV -Not Voting XOR -Indicates Vote to Overmle Veto
Adopted at a meeting of the Municipal Council
February :4�.2 1
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Carteret Business Partnership, Inc.
61 Cooke Avenue
Appropriation
Carteret, New Jersey 07008
732 - 541 -3835
2021— SID I Budget
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 2021 SID I Budget $298759000.00
Revenue
Recycling Trust $35,000.00
Clean Communities $25,000.00
Loan Receivables $120,000.00
Other Income $25,000.00
Total Revenue $2059000.00
Amount to be raised — SID I assessments $2,670,000.00
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 10, 2021
Caimela Pogorzelski
Municipal Clerk
Notary Public of New Jersey
Sworn and subscribed before
me this to 4h day of -e u 2o,2_