Dept./ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2022 Annual Budget for the Ironbound Business Improvement District Management Corporation (IBID) Purpose: Reading and Adopting the 2022 Annual Budget of the Ironbound Business Improvement District Amount: $1,055,000.00 Budget Period: January 1, 2022 through December 31, 2022 Additional Information: Budget Introduction authorized by Resolution 7R2-c adopted on January 5, 2022. Public Hearing will be held during the Regular Meeting on 2/2/22.