Dept/ Agency: Economic & Housing Development Action: (X Ratifying (X) Authorizing ( ) Amending Type of Service: 2016 Annual Budget for Newark Downtown Special Improvement District (Downtown SID) Purpose: Introducing and Approving 2016 Downtown SID Budget Amount: $4,124,750.00 Budget Period: January 1, 2016 through December 31, 2016 Additional Information: Ordinance 6PSF-c 022013 repealed Ordinance 6S&Fe adopted September 2, 1998 created an expanded Downtown SID and changed regulations for the operations of the Downtown SID.