Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2017 Annual Budget for the Partnership West, Inc., Special Improvement District Management Corporation
Purpose: Reading and Adopting 2017 West Ward Special Improvement District Budget
Amount: $500,000.00
Budget Period: January 1, 2017 through December 31, 2017
Additional Information:
Budget Introduction authorized by Resolution 7R2-c adopted on April 5, 2017
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WHEREAS, on April 5, 2017, the Newark Municipal Council adopted Resolution 7R2-c, which introduced and approved the proposed budget of the Partnership West, Inc., Special Improvement District Management Corporation (West Ward Special Improvement District) for the Year 2017 (January 1, 2017 through December 31, 2017) ("FY 2017"), in the amount of $500,000.00 (Five Hundred Thousand Dollars and Zero Cents), and scheduled a public hearing upon said budget for May 17, 2017, as required under N.J.S.A. 40:56-84 et seq.; and
WHEREAS, the proposed West Ward Special Improvement District budget for FY 2017 as well as the time and place for the May 17, 2017 hearing were publicly advertised in the Star Ledger on April 18, 2017, which date represents at least ten (10) days prior to the hearing date of May 17, 2017, as required by N.J.S.A. 40:56-84(d); and
WHEREAS, the hearing date of Wednesday, May 17 2017, represents no less than 28 days from April 5, 2017, the date of the approved budget, as required by N.J.S.A. 40:56-84(e); and
WHEREAS, the West Ward Special Improvement District budget for FY 2017 was also posted in a public place where public notices are customarily posted within the basement area of Newark City Hall, and a copy of said budget will be made available to those persons requesting same during the week prior to and the day of the public hearing.
NOW, THEREFORE, BE IT RESOLVED BY THE ...
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