File #: 23-0644    Version: 1 Name: Mt. Prospect (MPP) 2023 Annual Budget
Type: Resolution Status: Adopted
File created: 5/2/2023 In control: Economic and Housing Development
On agenda: 8/2/2023 Final action: 8/2/2023
Title: Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2023 Annual Budget for Mt. Prospect Avenue Neighborhood Improvement District Management Corporation (MPANID) Purpose: Introduction of the 2023 Annual Budget for the Mt. Prospect Avenue Neighborhood Improvement District. Amount: $505,000.00 Budget Period: January 1, 2023 through December 31, 2023 Additional Information: Ordinance 6S&Ff adopted on June 20, 2007 created the Mt. Prospect Avenue Neighborhood Improvement District.
Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2023 Annual Budget for Mt. Prospect Avenue Neighborhood Improvement District Management Corporation (MPANID)
Purpose: Introduction of the 2023 Annual Budget for the Mt. Prospect Avenue Neighborhood Improvement District.
Amount: $505,000.00
Budget Period: January 1, 2023 through December 31, 2023
Additional Information:
Ordinance 6S&Ff adopted on June 20, 2007 created the Mt. Prospect Avenue Neighborhood Improvement District.
body

WHEREAS, by Ordinance 6S&Ff, adopted June 20, 2007, the Mayor of the City of Newark and the Municipal Council created and designated within the City of Newark, a Special Improvement District, authorized pursuant to N.J.S.A. 40:56-65 et seq., to be known as the Mt. Prospect Avenue Neighborhood Improvement District ("Mt. Prospect District") to provide supplemental services within the District and collect a special assessment on all affected property within the District, which assessments shall be collected by the City of Newark, for the purpose of promoting the economic and general welfare of the District and the municipality; and

WHEREAS, pursuant to Ordinance 6S&Ff, adopted on June 20, 2007, the Mayor of the City of Newark and the Municipal Council designated a non-profit corporation, the Mt. Prospect Avenue Neighborhood Improvement District Management Corporation, ("Mt. Prospect Management Corporation") to serve as the management and operating organization; and

WHEREAS, the Mt. Prospect Management Corporation provides administrative and other services to benefit businesses, employees, residents, visitors and consumers in the District and shall have all powers necessary and requisite to effectuate the purposes of Ordinance 6S&Ff adopted on June 20, 2007, and the Mt. Prospect District; and

WHEREAS, in accordance with N.J.S.A. 40:56-80 and the provisions of Ord...

Click here for full text