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No. 10-69
Date of Adoption Mflrch 4 7010
RESOLUTION APPROVING THE 2010 ANNUAL BUDGET OF THE
CARTERET BUSINESS PARTNERSHIP, INC. - SID 1 & 11
WHEREAS, the Municipal Land Use Law N.J.S.A. 40:56-84 requires the Carterel
Business Partnership to submit a detailed annual budget 10 the Governing Body
for approval; and
WHEREAS, on February 19,2010, the Carteret Business Partuership, Inc. Board
of Directors approved the 2010 Annual Budget, which is annexed hereto as
"Exhibit A", and Exhibit B"; and
NOW, THEREFORE, BE IT RESOLVED that the Governing Body of the
Borough ofCarteret hereby approves the 2010 Annual Budget of the Carterel
Business Partnership, Inc. - SID I & SID 11 2010.
Adopted this 4th day of March, 2010
and certified as a true copy of the
original on March 5, 2010.
KATHLEEN M. BARNEY, MMC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCIL~fAN YES NO NV A.B. COUNClLi'\lAN YES NO j\'V A.B.
BELLINO X KR I x
x x
x SITARl x
x - Indicate Vote AD - Absenl NV - Not Voting XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
Exhibit A
CARTERET BUSINESS PARTNERSHIP, INt:~,
SIDI
2010 BUDGET
2010 sin-t-..
DESCRIPTION BUDGET
APPROPRIATION
Special Improvement District
Salaries and Wages $20,000.00
Admin. Office $1,500.00
Capital Improvements $75,000.00
Supplemental Sidewalk Cleaning Program $50,000.00
Micro-Loan/Grant Program $100,000.00
Marketing $100,000.00
EnQineering $15,000.00
Carteret Housing Development COrD .
(a Borough 501c3 Non-Profit) $50,000.00
Small Business Programs $28,500.00
Legal $10,000.00
SID Streetscape/Capital Project Note Pay Down $300,000.00
Health & Wellness Center Capital Grant $200,000.00
Total Budget 2010 $950,000.00
REVENUE
Miscellaneous/Revenue
Borough Recycling Trust (5,000.00
Borough Clean Communities Grant (15,000.00
other (5,000.00\
AMOUNT 2010 SID ASSESSMENT $925,000.00
Exhibit B
CARTERET BUSINESS PARTNERSHIP, INC,
SID II
2010 BUDGET
2010 SID II
DESCRIPTION BUDGET
APPROPRIATION
Special Improvement District
SID District Police Patrols $100,000.00
Capital Equipment Competitive Grants* $75,000.00
Competitive 75/25*
$25,000 Max Grant Award per Proiect
Career & Vol. Fire Departments
Vol. First Aid Squad
Police Department
OEM
Community Safety Grant Program $50,000.00
Total SID II Budget 2010 $225,000.00
Miscellaneous Revenue $0.00
AMOUNT SID ASSESSMENT $225,000.00
*Application Criteria:
. Statement Proiect Plan
. Matched 75/25 (25% from applicant)
. Annual Report for previous vear
. Certified Audit for Non-Profits
. $25,000 Grant Max per Aaencv
RESOLUTION No.: 10-01 SUBMITTING 2010 SID I & II ANNUAL BUDGETS TO BOROUGH
GOVERNING BODY FOR APPROVAL
WHEREAS, 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 19, 2010 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
2010,and
.
NOW, THEREFORE, BE IT RESOLVED, that on this 19 day of February 2010, the Carteret
Business Partnership hereby approves the annual budget, which is annexed hereto as "Exhibit A"
and "Exhibit B" for the year 2010 and directs that said annual budget be forwarded to the governing
body for introduction, approval, and adoption by resolution.
ROLL CALL VOTE
Those in Favor:
Opposed:
Abstained:
Adopted this day of February 19, 2010
and certified as a true copy of the
Original on February 19, 2010.
Exhibit A
CARTERET BUSINESS PARTNERSHIP, I
SID I
2010 BUDGET
DESCRIPTION
APPROPRIATION
Special Improvement District
Salaries and Wages
Admin. Office
Ca itallmprovements
Su lemental Sidewalk Cleaning Pro ram
Micro-Loan/Grant Program
Marketing
Engineering
Carteret Housing Development Cor
a Borou h 501 c3 Non-Profit)
Small Business Programs
Le al
SID Streetscape/Ca ital Pro'eel Note Pa Down
Health & Wellness Center Ca ital Grant
Total Budget 2010
REVENUE
Miscellaneous/Revenue
Borough Rec cling Trust
Borough Clean Communities Grant
Other
AMOUNT 2010 SID ASSESSMENT
$20,000.00
$1,500.00
$75,000.00
$50,000.00
$100,000.00
$100,000.00
$15,000.00
$50,000.00
$28,500.00
$10,000.00
$300,000.00
$200.000.00
$950,000.00
5,000.00
(15,000.00
5,000.00)
$925,000.00
Exhibit B
CARTERET BUSINESS PARTNERSHIP, INC.
SID II
2010 BUDGET
2010 SID II
DESCRIPTION BUDGET
APPROPRIATION
Special Improvement District
SID District Police Patrols $100,000.00
Capital Equipment Competitive Grants* $75,000.00
Competitive 75/25*
$25,000 Max Grant Award per Project
Career & Vol. Fire Departments
Vol. First Aid Squad
Police Department
OEM
Cammunity Safety Grant Program $50,000.00
Total SID II Budget 2010 $225,000.00
Miscellaneous Revenue $0.00
AMOUNT SID ASSESSMENT $225,000.00
*Application Criteria:
. Statement Proiect Plan
. Matched 75/25 (25% from applicant)
. Annual Report for previous vear
. Certified Audit for Non-Profits
. $25,000 Grant Max per Aaencv -