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File #: 22-1143    Version: 1 Name: GNCVB 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 Greater Newark Tourism Improvement District Management Corporation d/b/a The Greater Newark Convention and Visitors Bureau ("Bureau") Purpose: Reading and Adopting 2022 Annual Budget for The Greater Newark Convention and Visitors Bureau. Amount: $1,432,649.00 Budget Period: January 1, 2022 through December 31, 2022 Additional Information: Budget Introduction authorized by Resolution 7R2-l 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 Greater Newark Tourism Improvement District Management Corporation d/b/a The Greater Newark Convention and Visitors Bureau ("Bureau")
Purpose: Reading and Adopting 2022 Annual Budget for The Greater Newark Convention and Visitors Bureau.
Amount: $1,432,649.00
Budget Period: January 1, 2022 through December 31, 2022
Additional Information:
Budget Introduction authorized by Resolution 7R2-l adopted on July 13, 2022.

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WHEREAS, on July 13, 2022, the Newark Municipal Council ("Municipal Council") adopted Resolution 7R2-l, which introduced and approved the proposed annual budget of Greater Newark Tourism Improvement District Management Corporation d/b/a The Greater Newark Convention and Visitors Bureau ("Bureau") for the fiscal year 2022, January 1, 2022 through December 31, 2022 ("FY 2022"), in the amount of One Million Four Hundred Thirty-Two Thousand, Six Hundred Forty-Nine Dollars and Zero Cents ($1,432,649.00) and scheduled a public hearing upon said budget for September 8, 2022, as required under N.J.S.A. 40:56-84; and

WHEREAS, the Department of Economic and Housing Development publicly advertised the proposed Bureau's 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 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 hearing date of Thursday, September 8, 2022, 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 Bureau's budget for FY 2022 was 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 was made available...

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