WHEREAS, the Town of Kearny, in the County of Hudson, is a designated participant in the New Jersey Urban Enterprise Zones Program (P.L. 1983, c. 303), through the Kearny Enterprise Zone Development Corporation for the purpose of reversing trends of urban decline, providing increased job opportunities, stabilizing the tax base, and enhancing and upgrading zone shopping districts; and
WHEREAS, a primary goal of the program is to stimulate increased economic activity in the municipality by ensuring the safety of residents and shoppers within the designated Urban Enterprise Zone; and
WHEREAS, the Mayor and Council of the Town of Kearny, and the Kearny Enterprise Zone Development Corporation deem it to be in the interest of the Town of Kearny to maintain public safety within the zone through the hiring of three police officers for the zone; and
WHEREAS, the proposal is an eligible use of Urban Enterprise Zone Assistance Funds under the provisions of the Urban Enterprise Zone Act, P.L. 1993, Chapter 367, and requested expenditures for said proposal of not to exceed $71,645 during the period of January 1, 2018 through June 30, 2018 have been deposited in the Enterprise Zone Assistance Fund by the New Jersey Division of Taxation and are available for use by the Town of Kearny; and
WHEREAS, pursuant to N.J.S.A. 52:27H-88(c) in order to fund the project from monies deposited in the Enterprise Zone Assistance Fund, the Governing body must first conduct a public hearing on the project and adopt a Resolution approving the project and authorizing the submission of the application for funding; and
WHEREAS, a public hearing has been held on March 13, 2018; now, therefore, be it
RESOLVED, that the Mayor and Council of the Town of Kearny, in the County of Hudson, hereby authorizes a request of not to exceed $71,645 be made to continue to maintain and operate the Kearny UEZ Public Safety Project Year 9 Program, as to which the Town of Kearny shall pay 40% of the total cost of the officers amounting up to $47,765 for a grand total of not to exceed $119,410 in expenditures, and to receive approval for the subsequent release of Zone Assistance Fund Monies to be credited to the account of the Town of Kearny.