Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2019 Annual Budget for Newark Downtown District Management Corporation (NDD) Purpose: Introducing and Approving the 2019 Annual Budget for the Newark Downtown District Management Corporation Amount: $5,071,250.00 Budget Period: January 1, 2019 through December 31, 2019 Additional Information: Ordinance 6PSF-c adopted on February 20, 2013 repealed Ordinance 6S&Fe adopted on September 2, 1998 created an expanded Downtown SID and changed regulations for the operations of the Downtown SID The Public Hearing will be held on Thursday, June 6, 2019 at 12:30 P.M.