Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Rescinding Resolution, 7R3-d 110711 Purpose: Rescind 2012 Annual Budget for Newark Downtown Special Improvement District (Downtown SID) Entity Name: Newark Downtown Special Improvement District Contract Amount: $600,000.00 Funding Source: City of Newark Budget/ Economic & Housing Development Budget Period: January 1, 2012 through December 31, 2012 Additional Information: N/A