Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: 2012 Annual Budget for Ironbound Business Improvement District (IBID) Purpose: Reading & Adopting 2012 IBID Budget Amount: $600,000.00 Budget Period: January 1, 2012 through December 31, 2012 Additional Information: Budget Introduction authorized by Resolution # 7R3-H112211