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File #: 22-1145    Version: 1 Name: NDD 2022 Budget Adoption
Type: Resolution Status: Adopted
File created: 8/8/2022 In control: Economic and Housing Development
On agenda: 9/8/2022 Final action: 9/8/2022
Title: Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2022 Annual Budget for the Newark Downtown District Management Corporation (NDD) Purpose: Reading and Adopting the 2022 Annual Budget of Newark Downtown District. Amount: $5,071,250.00 Budget Period: January 1, 2022 through December 31, 2022 Additional Information: Budget Introduction authorized by Resolution 7R2-k adopted on July 13, 2022.
Sponsors: Council of the Whole
Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2022 Annual Budget for the Newark Downtown District Management Corporation (NDD)
Purpose: Reading and Adopting the 2022 Annual Budget of Newark Downtown District.
Amount: $5,071,250.00
Budget Period: January 1, 2022 through December 31, 2022
Additional Information:
Budget Introduction authorized by Resolution 7R2-k adopted on July 13, 2022.
body

WHEREAS, on July 13, 2022, the Newark Municipal Council ("Municipal Council") adopted Resolution 7R2-k, which introduced the proposed annual budget of the Newark Downtown District Management Corporation ("NDD") for the fiscal year 2022, (January 1, 2022, through December 31, 2022), ("FY 2022"), in the amount of Five Million, Seventy One Thousand, Two Hundred Fifty Dollars and Zero Cents ($5,071,250.00), and directed the Department of Economic and Housing Development to schedule a public hearing on the budget 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 NDD Budget for FY 2022 and the time and place for the September 8, 2022, hearing in the Star Ledger on August 22, 2022, which advertisement date is at least ten (10) days prior to the hearing date of September 8, 2022, as required by N.J.S.A. 40:56-84 (d); and

WHEREAS, the Thursday, September 8, 2022 hearing date, is no less than twenty-eight (28) days from July 13, 2022, 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 NDD Budget for FY 2022 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 and will be made available to those persons requesting same during the week prior to and the day of the public hearing.

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