Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2025 Annual Budget for the Bergen Lyons Clinton Special Improvement District (BLCSID Partnership, Inc.)
Purpose: Reading and Adopting 2025 Bergen Lyons Clinton Special Improvement District Budget
Amount: $500,000.00
Budget Period: January 1, 2025 through December 31, 2025
Additional Information:
Budget Introduction authorized by Resolution 7R2-g adopted on
April 16, 2025
Public Hearing to be held on Wednesday, July 2, 2025 at 12:30 P.M. in the Council Chamber.
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WHEREAS, on April 16, 2025, the Newark Municipal Council adopted Resolution 7R2-g, which introduced and approved the proposed annual budget of the Bergen Lyons Clinton Special Improvement District ("BLCSID") for the Fiscal Year 2025 (January 1, 2025 through December 31, 2025) ("FY 2025"), in the amount of Five Hundred Thousand Dollars and Zero Cents ($500,000.00) and scheduled a Public Hearing upon said budget for May 21, 2025, as required under N.J.S.A. 40:56-84; and
WHEREAS, the Department of Economic and Housing Development publicly advertised the proposed BLCSID budget for FY 2025 and the time and place for the May 21, 2025, hearing in the Star Ledger on May 7, 2025, which advertisement is at least ten (10) days prior to the hearing date of May 21, 2025, as required by N.J.S.A. 40:56-84 (d); and
WHEREAS, the hearing date of Wednesday, May 21, 2025, is no less than twenty-eight (28) days from April 16, 2025, the date of the approved budget, as required by N.J.S.A. 40:56-84(e); and
WHEREAS, the BLCSID budget for FY 2025 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 was made available to those persons requesting same during the week prior to and the day of the public hearing.
NOW, THEREFORE, BE IT RESOL...
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