Title
Dept/ Agency: Economic & Housing Development
Action: (X ) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2013 Annual Budget for the Ironbound District Management Corporation (IBID)
Purpose: Reading & Adopting 2013 IBID Budget
Amount: $825,000.00
Budget Period: January 1, 2013 through December 31, 2013
Additional Information:
Budget Introduction and Approval authorized by Resolution 7R3-J (A.S.) 041713
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WHEREAS, on April 17, 2013, the Newark Municipal Council adopted Resolution 7R3-J (A.S.), which introduced and approved the proposed budget of the Ironbound District Management Corporation (IBID) for the Year 2013 January 1, 2013 through December 31, 2013 ("FY 2013"), in the amount of $825,000.00, and scheduled a public hearing upon said budget for May 15, 2013, as required under N.J.S.A.40:56-84, et seq.; and
WHEREAS, the proposed IBID budget for FY 2013 and the time and place for the May 15, 2013 hearing were publicly advertised in the Star Ledger on May 2, 2013, which date represents at least ten (10) days prior to the hearing date of May 15, 2013, as required by N.J.S.A 40:56-84 (d); and
WHEREAS, the hearing date of Wednesday, May 15, 2013, represents no less than 28 days from April 17, 2013, the date of the approved budget, as required by N.J.S.A. 40:56-84 (e); and
WHEREAS, the IBID budget for FY 2013 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 COUNCIL OF THE CITY OF NEWARK, NEW JERSEY THAT:
1. The City Clerk is hereby authorized to read the Ironbound District Management Corporation's budget for the year January 1, 2013 through December 31, 2013 (F...
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