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 for the Mt. Prospect Avenue Neighborhood Improvement District (MPANID)
Purpose: Reading and Adopting 2023 Annual Budget for Mt. Prospect Avenue Neighborhood Improvement District Management Corporation
Amount: $505,000.00
Budget Period: January 1, 2023 through December 31, 2023
Additional Information:
Budget Introduction authorized by Resolution 7R2-e adopted on August 2, 2023.
Public Hearing will be held at the October 18, 2023 Regular Meeting at 6:30 P.M.
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WHEREAS, on August 2, 2023, the Newark Municipal Council adopted Resolution 7R2-e, which introduced and approved the proposed budget for Mt. Prospect Avenue Neighborhood Improvement District Management Corporation for the Mt. Prospect Avenue Neighborhood Improvement District ("MPANID") ("FY 2023"), in the amount of Five Hundred Five Thousand Dollars and Zero Cents ($505,000.00); and
WHEREAS, the Department of Economic and Housing Development scheduled a public hearing upon said budget for October 18, 2023, as required under N.J.S.A. 40:56-84 et seq.; and
WHEREAS, the Department of Economic and Housing Development publicly advertised the proposed budget for the MPANID for FY 2023 and the time and place for the October 18, 2023, hearing in the Star Ledger on October 6, 2023, which date represents at least ten (10) days prior to the hearing date of October 18, 2023, as required by N.J.S.A. 40:56-84 (d); and
WHEREAS, the Wednesday, October 18, 2023, hearing date, represents no less than twenty-eight (28) days from August 2, 2023, 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 MPANID for FY 2023 in a publ...
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