Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: 2018 Annual Budget for Newark Downtown Special Improvement District (Downtown SID) Purpose: Introducing and Approving the 2018 Annual Budget for the Downtown Special Improvement District Amount: $5,071,250.00 Budget Period: January 1, 2018 through December 31, 2018 Additional Information: Ordinance 6PSF-c adopted on February 20, 2013 repealed Ordinance 6S&Fe adopted on September 2, 1998 created an expanded Downtown SID and changed regulations for the operations of the Downtown SID