Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2024 Annual Budget for the Partnership West, Inc., (West Ward Business Improvement District)
Purpose: Reading and Adopting 2024 Annual Budget of the Partnership West, Inc. Business Improvement District
Amount: $500,000.00
Budget Period: January 1, 2024 through December 31, 2024
Additional Information:
Budget Introduction authorized by Resolution 7R2-h adopted on April 24, 2024.
Public Hearing to be held on Wednesday, May 22, 2024 at 6:30 P.M. in the Council Chamber.
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WHEREAS, on April 24 2024, the Municipal Council adopted Resolution 7R2-h, which introduced and approved the proposed budget of the Partnership West, Inc., (the "West Ward Special Improvement District") for the fiscal year 2024, January 1, 2024 through December 31, 2024 ("FY 2024"), in the amount of Five Hundred Nineteen Thousand Seven Hundred Dollars and Zero Cents ($519,700.00), of which Five Hundred Thousand Dollars and Zero Cents ($500,000.00) of the Budget shall be supported by the special assessments and Nineteen Thousand Seven Hundred Dollars and Zero Cents ($19,700.00) shall be obtained through Partnership West, Inc. fundraising; and
WHEREAS, the Department of Economic and Housing Development publicly advertised the proposed budget for the West Ward Special Improvement District for FY 2024 and the time and place for the May 22, 2024 hearing in the Star Ledger on May 12, 2024, which date represents at least ten (10) days prior to the hearing date of May 22, 2024, as required by N.J.S.A. 40:56-84(d); and
WHEREAS, on Wednesday, May 22,2024, the hearing date represents no less than twenty-eight (28) days from April 24, 2024, the date of the approved budget, as required by N.J.S.A. 40:56-84(e); and
WHEREAS, the Department of Economic and Housing Development posted the budget for the West Ward Special Improve...
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