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Resolution No. 2010-1
CENTRAL AVENUE BOARD Of' TRUSTEES
ì'..1ichael Yun, President
S.I.D. MANAGEMENT CORPORATION
366 Central Avenue, Suite 201 Jersey City, NJ 07307
Ph: (201) 656-1366
Fx: (201) 656-4037
www.CentraIAveSID.org
RESOLUTION APPROVING THE
2010-2011 FISCAL YEAR BUDGET OF THE CASID
Gilbert Mendez, Vice Pres-idem S
Joseph Gigante, Vice President ,'
Sanford Fishman, Treasurer
Gary Solomon, Secretl1)'
Marco LoSchiavo, Trustee
Grace Cutri, Trustee
Domingo Haiidal. HoliorCirv Trustee
THE MEMBERS OF THE CORPORATION OFFERED AND MOVED ADOPTION OFTHE FOLLOWING
RESOLUTION:
WHEREAS, pursuant to the By-Laws of the Central Avenue Special Improvement District Management
Corporation (CASID) and Ordinance 92-087 of
the City of Jersey City; and
WHEREAS, under Article I, Section 3 of the By-Laws of the CASID an Annual Meeting of the Members of the
Corporation was held at6:00 PM on TUESDAY MARCH l6, 2010, in the CASID Offce (366 Central Avenue, 2nd
Fl, Jersey City); and
WHEREAS, under Ordinance 97-099, "Members" of the District Management Corporåtion are defined as all
commercial propert and business owners within the district; and
WHEREAS, the agenda of the Annual Meeting of Members included an introduction, discussion, and vote on
proposed budgets "A" ($264,490) and "B" ($127,400) for fiscal year 2010 thru 20 l1; and
WHEREAS, CASID will move forward with budget "B" only on the condition of losing the matching l: 1 grant
from the Urban Enterprise Zone program; and
WHEREAS, the date, time, location, and agenda of the Annual Meeting was publicized on the CASID website
(JCHeights.com) and through a newsletter mailed to every member in good standing at their address set forth on the
membership roll (updated on 10/29/10) in February 2010 and a second notice mailed on February 17, 2010
containing a copy of the proposed budget "A" and third notice mailed March 1, 20 1 0 containing a copy of proposed
budget "B"; and
NOW, THEREFORE, BE IT RESOLVED by the Membership of
District Management Corporation that a majority of its members voting at the the Annual Central Meeting Avenue agree Special to Improvement
the proposed
budgets "A" ($264,490) and "B" ($l27,400) describing the revenues and expenses of
Annual Meeting for the Fiscal Year July 1,2010- June 30, 20l 1.
PASSED and adopted on this 16!! day of
March, 2010.
APPROVED:
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(Seal)
the CASID set forth at the
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