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No. #24-64
Date of Adoption March 7, 2024
APPROVING THE CARTERET BUSINESS PARTNERSHIP, INC.
2024 ANNUAL SID II 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 II Budget for the 2024 Calendar Year
("SID II Budget"), a copy of which is attached hereto, for ultimate adoption by the
Governing Body; and -
WHEREAS, in accordance with the applicable law, the Governing Body wishes to
hereby Introduce and Approve said SID II 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 2024 SID II 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 2024 SID
II Budget advertised in The Star Ledger in the issue of April I,
2024 for a public hearing thereon to be held on April 11, 2024,
as provided by law.
Adopted this 7" day of March, 2024
and certified as a tine copy of the
original on March8, 2024.
CARM MA POGORZELSKI, RMC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
BELLINO
X
JO1iAL
X
DIAZ
X
KRUM
DIMASCIO
X
NAPLES
X
X- Indicate Vote AB - Absent NV - Not Voting XOR- Indicates Vote to Ove,nde Veto
Adopted at a meeting of the Municipal Council
Marph 7, 2 24
I C A T T F`Ru'
,d
Carteret Business Partnership, Inc.
61 Cooke Avenue
Carteret, New Jersey 07008
732-541-3835
2024 - SID 11 Budget
Aaarooriations
Administration:
$100,000.00
Business Expense / Meetings
$50,000.00
Capital Projects
$300,000.00
Reserve
$25,000.00
Program Grants- Safety Grants
$225,000.00
Program Services - Police Patrols
$300,000.00
Total 2024 CY SID II Budget $1,000,000.00
Amount to be raised by assessments $1,000,000.00
RESOLUTION: Adopting 2024 SID 1 and SID 2 Budgets
WHEREAS, the Carteret Business Partnership Board of Directors reviewed and discussed the budget for
2024 fiscal year, and
WHEREAS, on February 26, 2024 the Carteret Business Partnership, Inc. Board of Directors approved the
SID 1 and SID 2 budgets for 2024.;
NOW, THEREFORE, BE IT RESOLVED, that on this 26th day of February 2024, the Carteret Business
Partnership hereby approves the aforementioned budgets for the 2024 fiscal year.
ROLL CALL VOTE
Those in Favor: Reiman, D'Orsi, Wutkowski, Visceglia, Johal, Sica, Hruska
Abstained: N/A
Adopted this day of February 26, 2024
and certified as a true copy of the
Original on February 26, 2024
Hruska, Executive Director