Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Requesting approval to establish a Dedication by Rider Trust
Purpose: Resolution requesting permission of the Director of Local Government Services, New Jersey Department of Community Affairs, to establish a Dedication by Rider Trust for all revenue received under Ordinance 6PSF-c February 4, 2015, for tree planting and preservation costs
Additional Information:
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WHEREAS, permission is required of the Director of the Division of Local Government Services for approval as a dedication by rider of revenues received by a municipality when the revenue is not subject to reasonably accurate estimates in advance; and
WHEREAS, Title 41 (Newark Zoning & Land Use Regulations) within the Newark Municipal Code, adopted by Ordinance 6PSF-c February 4, 2015, provides for receipt of funds by the municipality be placed in the Tree Planting and Preservation Account for tree planting and preservation costs; and
WHEREAS, N.J.S.A. 40A:4-39 provides the dedicated revenues anticipated from the Tree Planting and Preservation Account are hereby anticipated as revenue and are hereby appropriated for the purpose to which said revenue is dedicated by statute or other legal requirement:
WHEREAS, N.J.S.A. 40:4-39 provides that in the budget of any local unit, dedicated revenues anticipated during the fiscal year be included in said budget; and
WHEREAS, dedicated revenues included in accordance with N.J.S.A. 40A:4-39 shall be available for expenditure by the local unit as and when received in cash during the fiscal year; and
WHEREAS, on December 18, 2014, the New Jersey State Community Forestry Council of the New Jersey State Forestry Services within the New Jersey Department of Environmental Protection, approved the City of Newark's five (5) year Community Forestry Management Plan for 2014-20...
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