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Date of Ad6ptio March 2, 2023
ADOPTING THE CARTERET BUSINESS PARTNERSHIP, INC.
2623 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 2023 Calendar Year ("SID I Budget") to the
Governing Body for its approval and ultimate adoption according to law; and
WHEREAS, on February 2, 2023, the Governing Body adopted Resolution #23-49, Introducing
and Approving the submitted SID I Budget and scheduling the same for a Public Hearing on
March 2, 2023, 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:
I. At least one week prior to the date of the Public Hearing, this March 2, 2023,
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
]raving 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:
That theabove referenced 2023 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 2"d day of March, 2023
and certified as a true copy of the
original on March 3, 2023.
CARMELA POGORZELSKI, RMC
Municipal Clerk
RECORD Or COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
- COUNCILMAN
YES
NO
NV
A.B.
BELLINO
X
,IOHAL
X
DW
X
KRUM
X
DIMASCIO
X
NAPLES
X
X- Indicate Vote A➢ - Absent NV -Not Voting XOR- Indicates Vote to Overr Veto
Adopted at a meeting of the Municipal Council
Marc)i
�,
2 2023! ,
.It
runt(:1IJYLL �.lErKy'/
Carteret Business Partnership, Inc.
61 Cooke Avenue
Carteret, New Jersey 07008
732-541-3835
2023 — SID I Budget
Appropriation
Administration
Business Expenses
Capital Projects
CPAC
Events
Facilities & Equipment
Payroll
Professional Services
Program Grants
Program Services
Debt Services
Marketing
Total 2023 SID I Budget
Revenue
Recycling Trust
Clean Communities
Loan Receivables
Borough Budget Allocation
Other Income
Total Revenue
m
Amount to be raised — SID I assessments
$125,000.00
$50,000.00
$750,000.00
$1,000,000.00
$300,000.00
$250,000.00
$500,000.00
$80,000.00
$300,000.00
$100,000,00
$300,000.00
$200,000.00
$39955,000.00
$35,000.00
$25,000.00
$120,000.00
$500,000.00
$25,000.00
$7059000.00
$3,2509000.00