Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2020 Annual Budget for Mt. Prospect Avenue Neighborhood Improvement District Management Corporation for the Mt. Prospect Avenue Neighborhood Improvement District (MPANID)
Purpose: Reading and Adopting 2020 Annual Budget for Mt. Prospect Avenue Neighborhood Improvement District Management Corporation
Amount: $330,000.00
Budget Period: January 1, 2020 through December 31, 2020
Additional Information:
Budget Introduction authorized by Resolution 7R2-g(S) adopted on July 14, 2020.
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WHEREAS, on July 14, 2020 the Municipal Council adopted Resolution 7R2-g(S), 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 2020"), in the amount of Three Hundred Thirty Thousand Dollars and Zero Cents ($330,000.00), and
WHEREAS, the Department of Economic and Housing Development scheduled a public hearing upon said budget for August 18, 2020, 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 2020 and the time and place for the August 18, 2020 hearing in the Star Ledger on August 6, 2020, which date represents at least ten (10) days prior to the hearing date of August 18, 2020, as required by N.J.S.A. 40:56-84 (d); and
WHEREAS, the Tuesday, August 18, 2020 hearing date, represents no less than twenty-eight (28) days from July 14, 2020 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 2020 in a public place where public notices are customarily posted, within the basemen...
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