Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: 2014 Annual Budget for Ironbound Business Improvement District (IBID) Purpose: Introducing and Approving 2014 Annual Budget of the Ironbound Business Improvement District Amount: $825,000.00 Budget Period: January 1, 2014 through December 31, 2014 Additional Information: Ordinance 6PSF-B030613 repealed Ordinances 6S&FN adopted November 13, 2000 and Ordinance 6S&FC adopted May 7, 2003 and created an expanded Ironbound Business Improvement District and changed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. Note: Public Hearing to be held on December 4, 2013