Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2019 Annual Budget for the Ironbound Business Improvement District (IBID) Purpose: Introducing and Approving 2019 Annual Budget of the Ironbound Business Improvement District Amount: $880,650.00 Budget Period: January 1, 2019 through December 31, 2019 Additional Information: Ordinance 6PSF-b adopted on March 6, 2013, repealed Ordinances 6S&Fn adopted on November 13, 2000 and Ordinance 6S&Fc adopted on May 7, 2003, and created an expanded Ironbound Business Improvement District and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. The Public Hearing will be held on Thursday, June 6, 2019 at 12:30 P.M.