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File #: 13-2463    Version: 1 Name: IBID 2014 Annual Budget Hearing
Type: Resolution Status: Filed
File created: 12/20/2013 In control: Economic and Housing Development
On agenda: 1/8/2014 Final action: 1/22/2014
Title: Dept/ Agency: Economic & Housing Development Action: ( X ) Ratifying (X) Authorizing ( ) Amending Type of Service: 2014 Annual Budget for the Ironbound District Management Corporation (IBID) Purpose: Reading & Adopting 2014 IBID Budget Amount: $825,000.00 Budget Period: January 1, 2014 through December 31, 2014 Additional Information: Budget Introduction authorized by Resolution 7R3-A 112613 Deferred to Special 7R3-c 010814
Sponsors: Council of the Whole
Title
Dept/ Agency: Economic & Housing Development
Action: ( X ) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2014 Annual Budget for the Ironbound District Management Corporation (IBID)
Purpose: Reading & Adopting 2014 IBID Budget
Amount: $825,000.00
Budget Period: January 1, 2014 through December 31, 2014
Additional Information:
Budget Introduction authorized by Resolution 7R3-A 112613
Deferred to Special 7R3-c 010814
body

WHEREAS, on November 26, 2013, the Newark Municipal Council adopted Resolution 7R3-A, which introduced and approved the proposed budget of the Ironbound District Management Corporation (IBID) for the Year 2014 January 1, 2014 through December 31, 2014 ("FY 2014"), in the amount of $825,000.00, and scheduled a public hearing upon said budget for January 8, 2014, as required under N.J.S.A.40:56-84, et seq.; and

WHEREAS, the proposed IBID budget for FY 2014 and the time and place for the January 8, 2014 hearing were publicly advertised in the Star Ledger on December 28, 2013, which date represents at least ten (10) days prior to the hearing date of January 8, 2014, as required by N.J.S.A 40:56-84 (d); and

WHEREAS, the hearing date of Wednesday, January 8, 2014, represents no less than 28 days from November 26, 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 2014 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, ...

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