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No. OR-IlR
Date of Adoptiofl . February 21, 2O<B
APPROVING THE 2008 ANNUAL BUDGET OF THE CARl'ERET
BUSINESS PARTNERSHIP, INC. - SID I & II
WHEREAS, the Municipal Land Use Law N.JS.A. 40:56-84 requires the Carteret
Business Partnership to submit a detailed annual budget to the Governing Body
for approval; and'
WHEREAS, on Febmary 5, 2008, the Carteret Business Partuership, Inc. Board
of Directors approved the 2008 Annual Budget, which is annexed hereto' as
"Exhibit A", and "Exhibit B"; and
NOW, THEREFORE, BE IT RESOLVED that the Govenllng Body of the
Borough of Carteret hereby approves the 2008 Annual Budget of the Carteret
Business Partnership, Inc. - SID I & II, 2008.
Adopted this 21" day ofFebmary, 2008
And certified as a tme copy ofthe
. Original on February 22, 2008.
KATHLEEN M. BARNEY, MMC
Municipal Clerk
RECORD OF COUNCIL VOTE
C;OUNCILl\1AN YES NO. NV A.B. COUNCILMAN YES NO NY A.B.
NAPLES X
DIAZ X RIOS
KRUM' X SITARZ X
x - Indicate Vote AB - Absent NV - Not Voting 'XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
/-)
RESOLUTION No.: 08-01 SUBMITTING 2008 SID I & II ANNUAL BUDGETS
TO BOROUGH GOVERNING BODY FOR APPROVAL
WHEREAS, the Municipal land Use Law, N.J.S.AAO:56-84 requires the Board of
Directors to submit a detailed annual budgets for approval by resolution of the Borough's
Governing Body, and
WHEREAS, on February 5, 2008 the Carteret Business Partnership, Inc. Board of
Directors approved the annual budgets, which is annexed hereto as "Exhibit A" and
"Exhibit B" for the year 2008, and
NOW, THEREFORE, BE IT RESOLVED, that on this 5th day ofFebruary 2008, the
Carteret Business Partnership hereby approves the annual budget, which is annexed
hereto as "Exhibit A" and "Exhibit B" for the year 2008 and directs that said annual
budget be forwarded to the goveruing body for introduction, approval, and adoption by
resolution.
ROLL CALL VOTE
Those in Favor: Daniel Reiman, Kathaleen Shaw, Joseph Sitarz, Pat Musi,
Mark Hruska
Opposed:
Abstained:
Adopted this 5th day of February 2008
and certified as a true copy of the
Original on February 5, 2008.
Exhibit A
CARTERET BUSINESS PARTNERSHIP, INC.
SID I
2008 BUDGET
DESCRIPTION
APPROPRIATION
Special Improvement
District
Salaries and Wages
Admin. Office
Capital Improvements
Micro-Loan Program
Marketing
Engineering
Legal
SID Streetscape Project
Total Budget 2007
REVENUE
Miscellaneous/Revenue
AMOUNT SID TAX
2008 SID I
Budaet
$15,000.00
$1,500.00
$75,000.00
$80,000.00
$80,000.00
$15,000.00
$5,000.00
$500.000.00
$771,500.00
-$1,000.00
$770,500.00
Exhibit B
CARTERET BUSINESS P ARTNERSIllP, INC.
SID II
2008 BUDGET
DESCRIPTION
APPROPRIATION
Special Improvement
District
SID District Police
Patrols
Capital Equipment
Competitive Grants"
Fire & Vol. Fire Depts.
Capital Equipment Grant
Vol. First Aid Squad
Capital Equipment Grant
Police Department
Capital Equipment Grant
OEM
Capital Equipment Grant
Competitive
Matching 75/25"
$25,000 Max Grant Award
per project
Total Budget 2007
REVENUE
" Miscellaneous/Revenue
AMOUNT SID TAX
2008
51011
Budget
100,000.00
100.000.00
$200,000.00
-0-
$200,000.00
$100,000
$100,000
Police District Patrols... ... ... ......... ... ... .....
Capital Equipment Grant Criteria - Competitive....
Application Criteria:
1. OEM
2. Fire Department & Vol. Fire Department (Non-Profit)
3. Police
4. Vol. First Aid Squad (Non-Profit)
. Statement Project Plan
. Matched 75/25 (25% from applicant)
. Annual Report for previous year
. Certified Audit for Non-Profits
. $25,000 Grant Max per Agency