Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2020 Annual Budget for the Ironbound Business Improvement District (IBID) Purpose: Introduction of 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Period: January 1, 2020 through December 31, 2020 Additional Information: Ordinance 6PSF-b adopted on March 6, 2013, repealed Ordinances 6S&Fn adopted on November 13, 2000 and Ordinance 6S&Fc adopted on May 7, 2003, and created an expanded Ironbound Business Improvement District and changed regulations for the operation of the Ironbound Business Improvement District.