Dept./ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2020 Annual Budget for the Ironbound Business Improvement District Management Corporation (IBID) Purpose: Reading and Adopting the 2020 Annual Budget of the Ironbound Business Improvement District Amount: $885,650.00 Budget Period: January 1, 2020 through December 31, 2020 Additional Information: Budget Introduction authorized by Resolution 7R2-f(S) adopted on July 14, 2020.