Town of Kearny
New Jersey

Resolution
(R)-2018-449

Resolution of the Municipal Council of the Town of Kearny Authorizing the Proposal Prepared by the Kearny Enterprise Zone Development Corporation for Funding of the Fiscal Years 2019 and 2020 Administrative Budgets in the Amount of $190,000.00.

Information

Department:KuezSponsors:Mayor Alberto G. Santos
Category:Budget Resolution

Body

              WHEREAS, the Town of Kearny and Kearny Enterprise Zone Development Corporation have prepared a proposal for funding the Fiscal Years 2019 and 2020 Administrative Budgets; and

 

WHEREAS, said proposal and requested funds are to be expended to carry out projects within the designated enterprise zone in the Town of Kearny, for the following project, a copy of the project description is attached to be submitted for the contract period beginning July 1, 2018 and ending June 30, 2020:

 

                            Project                                                                                    Amount Requested

Anticipated UEZ assistance in the amount of:                                $190,000.00

 

              WHEREAS, pursuant to N.J.S.A. 52:27H-88(c) in order to make funds available to the project from monies deposited in the Enterprise Zone Project Funds, the governing body must adopt a resolution approving the project and authorizing the submission of the application for funding.

 

WHEREAS, in accordance with the action of the Governor and the Legislature, the Kearny UEZ program has been approved to utilize up to $180,000.00 of its project working balance for each Fiscal Year UEZ administrative expenses.

 

WHEREAS, a public hearing has been conducted on this resolution.

 

              NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Kearny, County of Hudson, New Jersey, that:

 

The governing body of the Town of Kearny hereby authorizes the proposal prepared by the Kearny Enterprise Zone Development Corporation for funding of the Fiscal Years 2019 and 2020 Administrative Budgets in the amount of $190,000.00 to be funded from monies deposited in the Enterprise Zone Project Fund.

Meeting History

Aug 7, 2018 7:00 PM  Council Caucus / Regular Meeting
draft Draft
RESULT:ADOPTED [UNANIMOUS]
MOVER:Carol Jean Doyle, Council Member
SECONDER:Alberto G. Santos, Mayor
AYES:Carol Jean Doyle, Michael Landy, Susan McCurrie, Marytrine DeCastro, Peter Santana, Alberto G. Santos
ABSENT:Eileen Eckel, Albino Cardoso, Richard Konopka

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