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No. #22 -32 Date of Adoption February 10, 2022
ADOPTING THE CARTERET BUSINESS PARTNERSHIP, INC.
2022 ANNUAL SID I BUDGET
WHEREAS, the Carteret Business Partnership, Inc. (the "CBP "), Hie district
management corporation for the Borough of Carteret ( "Borough ") Special Improvement
District ( "SID "), has submitted their proposed SID I Budget for the 2022 Calendar Year
( "SID I Budget ") to the Governing Body for its approval and ultimate adoption according
to law; and
WHEREAS, on January 6, 2622, the Governing Body adopted Resolution #22 -9,
Introducing and Approving the submitted SID I Budget and scheduling the same for a
Public Hearing on February 10, 2022, 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 February
10, 2022, 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 2022 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 106 day of February, 2022
and certified as a true copy of the
original on February 11, 2022.
CARMELA POGORZELSKI, RMC
Municipal Clerk
RECORD OF COUNCIL VOTE'
COUNCILMAN
YES
NO
NV
A.D,
COUNCILMAN
YES
NO
NV
A.B.
BELLINO
X
JOHAL
R
DIAZ
Y'
DIMASCIO
R
NAPLES
X
X- Indicate Vote AB- Absent NV -Not Voting XOR- Indicates Vote to Overrate Veto
Adopted at a meeting of the Municipal Council
February
j 0
2022 ,
Plunicipal Clerk (_1
1`
Carteret Business Partnership Inc.
2022 SID 1 Budget
Appropriation
$
35,000.00
Administration
$
55,000.00
Business Expenses / Meetings
$
20,000.00
Capital Projects
$
800,000.00
Operations
$
800,000.00
Events
$
250,000.00
Facilities & Equipment
$
250,000.00
Payroll
$
600,000.00
Professional Services
$
80,000.00
Program Grants
$
250,000.00
Program Services
$
100,000.00
Debt Service
$
300,000.00
Revenues
Total Sid 1 Budget Appropriations $ 3,505,000.00
Recycling trust
$
35,000.00
Clean Communities
$
25,000.00
Loans Receivable
$
120,000.00
BOC - Budget Allocation
$
500,000.00
Other Income
$
25,000.00
Total Sid 1 Revenues
$
705,000.00
Amount To Be Raised by Taxation -
SID 1 Assessment:
$
2,800,000.00
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:
January 28, 2022
/f
Notary Public of New Jersey
DANAARCHEVAL
NOTARY PUBLIC OF NEW JERSEY
My. Commission Expires Jan. 12, 2027
Sworn and subscribed before
me this ZLLday of
Municipal Clerk
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 17,2022
Carmela P6goirze1W, 4 C
Municipal Clerk
Notary Public of New Jersey
6W ARCHEVAL
NOTARY PUBLIC OF NEW JERSEY
My Commjssion Expires Jan. 12, 2027
Sworn and subscribed before
me this 1-7 �h day of