Resolution Authorizing a Request to Use Enterprise Zone Assistance Funds for an Eltec Flashing Crosswalk Beacon System for Kearny Avenue in the Amount of not to Exceed $9,550 (includes Local Share of $3,820).
|Department:||Kuez||Sponsors:||Mayor Alberto G. Santos|
WHEREAS, the Urban Enterprise Zone Director has drafted a proposal to purchase an Eltec Flashing Crosswalk Beacon System on Kearny Avenue, which has been approved by the Kearny Enterprise Zone Development Corporation; 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
WHEREAS, the requested expenditures for said proposal, not to exceed $5,730 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 was held on March 27, 2018; now, therefore, be it
RESOLVED by the Mayor and Council of the Town of Kearny, Hudson County, New Jersey that:
A request not to exceed $5,730 be and hereby is authorized to purchase an Eltec Flashing Crosswalk Beacon System on Kearny Avenue, as to which the Town of Kearny shall pay 40% of the total cost of the project or $3,820 for a total of not to exceed $9,550, so as to obtain approval for the release of Zone Assistance Fund Monies.
|MOVER:||Alberto G. Santos, Mayor|
|SECONDER:||Albino Cardoso, Council Member|
|AYES:||Carol Jean Doyle, Michael Landy, Susan McCurrie, Eileen Eckel, Albino Cardoso, Marytrine DeCastro, Peter Santana, Alberto G. Santos|