Resolutions - Jersey City

Resolution of the City of Jersey City, N.J.
City Clerk File No.
Agenda No. 10.8
Approved:
TITLE:
Rês. 11-450
JUl 20 2011
RESOLUTION (1) INTRODUCING AND APPROVING THE 2011-2012 BUDGET OF THE
HISTORIC DOWNTOWN SPECIAL IMPROVEMENT DISTRICT; (2) DIRECTING THE
CITY CLERK TO PUBLICLY ADVERTISE THE BUDGET AND SCHEDULE A PUBLIC
HEARNG; AND (3) DIRECTING THE T AX ASSESSOR TO PREPAR AN ASSESSMENT
ROLL OF PROPERTIES WITHI THE DISTRICT BASED UPON THE BUDGET
COUNCIL offered and moved adoption ofthe following Resolution:
WHEREAS, pursuant to N.J.S.A.40:56-71 et seq., and by the adoption of Ordinance 92-021 the
City of Jersey City established the Historic Downtown Special Improvement District (HDSID) to
be operated by the Historic Downtown Special ImprovementDistrct Management Corporation; and
WHEREAS, under N.J.S.A.40:56-80, the District Management Corporation must prepare an anual
budget that includes an estimate of the anual costs of operating the district including:
(1) the costs charged against municipal fuds for general street maintenance;
(2) the costs charged against properties within the District in proportion to the benefits conferred
by the anual improvements;
(3) costs, if any, to be. assessed against properties in the District; and.
WHREAS, upon receipt of the budget, the MUncipal Council is required to consider the budget,
approve the budget, schedule a public hearing and adopt the budget with such amendments as the
governng body considers necessar; and
WHEREAS, upon approval of the budget the Tax Assessor is required to prepare an assessment roll
listing the properties to the specially assessed in accordance with the budget and calculate the amount
of the assessment to be charged to each propert; and
WHEREAS, the District Management Corporation of Historic Downtown Special Improvement
Distrct has submitted its 2011-2012 fiscal year budget, July 1, 201l-June 30, 2012 to the Council,
a copy of which is attached hereto as Exhibit A; and
NOW, THEREFORE BE IT RESOLVED, with a majority of the ful membership of the Council
concurng that:
1. The 2011-2012 fiscal year budget, July 1, 2011-June 30, 2012 ofthe Historic Downtown
Special Improvement Distrct, attched hereto as Exhbit A, was approved by the Historic
Downtown Special Improvement District at its June 14,2011 meeting:
2. The budget as submitted to the Cityis hereby retroactively introduced and approved, subject
to a public hearng prior to adoption.
3. The Tax Assessor is directed to do the following: