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Budget Resolution

Resolution #99-02,
Introduction of 2002
Business Improvement District Budget

Section 1. BID Budget of the Business Improvement District, Borough of Keyport, County of Monmouth for the Year 2002.
BE IT RESOLVED that the following statements of revenues and appropriations shall constitute the BID Budget for the Year 2002.
BE IT FURTHER RESOLVED that said Budget be published in the Courier, in the issue of March 28, 2002.
The Governing Body of the Borough of Keyport does hereby approve the following as the BID Budget for the Year 2002.

KEYPORT BUSINESS IMPROVEMENT DISTRICT
January 1, 2002 - December 31, 2002 (year two)

  • ALL COMMERCIAL PROPERTIES YEAR 2002 EXPENSE PROGRAM BUDGET

    Visual Improvement

    $ Sign Program (Way Finding Highway To Water Front)
    $ Maintenance
    Parking Lot Improvements
    Trash receptacles
    $ Landscaping $ 77,312.00
    Marketing and Communication
    Advertising/Destination Brochure/
    Coupons/Promotions
    $ Website Development 40,727.00
    $ Marketing
    $ Media Promotion 21,000.00
  • Special Events
    Event Production/Collateral Materials 5,000.00
    Economic Development
    $ Business Recruitment Expand SRP
    Plan and Implementation 30,000.00
    ADMINISTRATIVE BUDGET
    Administration 44,446.00
    Legal 1,500.00
    Accounting 1,500.00
    Insurance 746.00
    Total proposed budget $222,231.00
    January 1, 2002 - December 31, 2002 (12 months)
    $55,787.00 Annual Budget - $18,519.25=one month
    $55,557.75=one quarter
    Assessment Rate= 25 cents per $100 of assessed value


    NOTE: Additional $38,558.45 funding from 2001 carried over
    Notice is hereby given that the BID Budget was approved by the Governing Body of the Borough of Keyport, County of Monmouth, on March 12, 2002.
    A Hearing on the BID Budget will be held at the Senior Center, 110 Second Street, on April 16, 2002 at 8:00 P.M. at which time and place objections to said Budget for the Year 2002 may be presented by taxpayers or other interested persons.
    Offered by for adoption by Mr. Merla, seconded by Mrs. Ashmore
    Roll Call Vote: Ayes: Councilmembers Atkins, Merla, Ashmore
    Hyer, Stalter
    Nays: Councilman Bergen