Dept/ Agency: Economic & Housing Development Action: (X ) Ratifying (X) Authorizing ( ) Amending Type of Service: 2016 Annual Budget for Ironbound Business Improvement District (IBID) Purpose: Introducing and Approving 2016 Annual Budget of the Ironbound Business Improvement District Amount: $835,000.00 Budget Period: January 1, 2016 through December 31, 2016 Additional Information: Ordinance 6PSF-b March 6, 2013 repealed Ordinances 6S&Fn adopted November 13, 2000 and Ordinance 6S&Fc adopted May 7, 2003 and created an expanded Ironbound Business Improvement District and changed regulations for the operation of the Ironbound Business Improvement District.