Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2019 Annual Budget for the Bergen Lyons Clinton Special Improvement District Management Corporation
Purpose: Reading and Adopting 2019 Bergen Lyons Clinton Special Improvement District Budget
Amount: $323,960.75
Budget Period: January 1, 2019 through December 31, 2019
Additional Information:
Budget Introduction authorized by Resolution 7R2-a(S) on December 10, 2019
body
WHEREAS, on December 10, 2019, the Municipal Council of the City of Newark (the "Municipal Council") adopted Resolution 7R2-a(S), which introduced and approved the proposed budget of the Bergen Lyons Clinton ("BLC") Special Improvement District Management Corporation for the Year 2019 (January 1, 2019 through December 31, 2019) ("FY 2019"), in the amount of Three Hundred Twenty-Three Thousand, Nine Hundred Sixty Dollars and Seventy-Five Cents ($323,960.75) and scheduled a public hearing upon said budget for January 8, 2020 as required under N.J.S.A. 40:56-84; and
WHEREAS, the proposed BLC budget for FY 2019 and the time and place for the January 8, 2020 hearing were publicly advertised in the Star Ledger on December 23, 2020, which date represents at least ten (10) days prior to the hearing date of January 8, 2020, as required by N.J.S.A. 40:56-84(d); and
WHEREAS, the hearing date of Wednesday, January 8, 2020, represents no less than 28 days from December 10, 2019, the date of the approved budget, as required by N.J.S.A. 40:56-84(e); and
WHEREAS, the BLC budget for FY 2019 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 MUNICIPAL...
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