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No. #24-88 Aril 11 2024
Dale of Adoption P >
ADOPTING THE CARTE RE, BUSINESS PARTNERSHIP, INC.
2024 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 2024 Calendar Year
("SID I Budget") to the Governing Body for its approval and ultimate adoption according
to law; and
WHEREAS, on March 7, 2024, the Governing Body adopted Resolution #24-63,
Introducing and Approving the submitted SID I Budget and scheduling the same for a
Public Hearing on April 11, 2024, all in accordance with the applicable law; and
WHEREAS, as advertised, the Governing Body held a Public Hearing Wr 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 April 11,
2024, 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, THE, BE IT RESOLVED that the Mayor and Council of the Borough
of Carteret as follows:
1. That the above referenced 2024 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 I I" day of April, 2024
and certified as a true copy of the
original oil April 12, 2024.
CARMELA POGORZELSKI, RMC
Municipal Clerk
RECORD Or COUNCIL VOTE
COUNCILMAN
YES
NO
I NV
I A.B.
COUNCILMAN
I YES
NO
NV
A.B.
BELLING
X
JORI
X
DIAZ
X
KRUM
X
DIMASCIO
X
NAPLES
X
X-Indicate Vote AB -Absent .NV -Not Voting XOR- Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
ra 2 2
MIINTCT A C -
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Carteret Business Partnership, Inc.
61 Cooke Avenue
Carteret, New Jersey 07008
732-541-3835
2024 - SID I Budget
Appropriations:
Administration:
$75,000.00
Business Expense / Meetings
$50,000.00
Capital Projects
$1,000,000.00
CPAC
$1, 000, 000.00
Events
$300,000.00
Facilities & Equipment
$20,000.00
Payroll
$500,000.00
Professional Services
$150,000.00
Program Grants
$300,000.00
Program Services
$100,000.00
Debt Service
$300,000.00
Marketing:
$500,000.00
Total 2023 Appropriations: $4,295,000.00
Revenues
Recycling Trust
$50,000.00
Clean Communities
$50,000.00
Loans Receivable
$150,000.00
Boro of Carteret- Budget Support
$500,000.00
Other Income:
$25,000.00
Total SID 1 2023 Revenues $775,000.00
Amount to be Raised by Taxation: $3,520,000.00