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AN ORDINANCE AMENDING TITLE X, FINANCE AND TAXATION, CHAPTER 10, ARTICLE 32, SPECIAL IMPROVEMENT DISTRICTS, SECTIONS 10:32-5.1 THROUGH 10:32-5.4 OF THE REVISED GENERAL ORDINANCES OF THE CITY OF NEWARK TO REVISE TERMINOLOGY AND CLARIFY COLLECTION AND ADMINISTRATION OF THE TOURISM IMPROVEMENT DISTRICT LICENSE FEE.
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WHEREAS, the City of Newark has established the Greater Newark Tourism Improvement District ("GNTID"); and
WHEREAS Section 10:32-5.4 provides for the imposition of a Tourism Improvement District license fee assessment upon hotel owners and transient accommodation operators within the District; and
WHEREAS the City desires to further define, clarify and centralize the collection of all such Tourism Improvement District license fees within the Department of Economic and Housing Development, Division of Housing and Finance; and
WHEREAS, this amendment does not change the rate of the fee, the boundaries of the District, or the entities subject to the fee, but solely further defines and clarifies the collection and administration process.
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
Note: Additions are shown as underlined and bold. Deletions are strikethroughs.
Section 1:
10:32-5.1 Definitions.
TOURISM IMPROVEMENT DISTRICT LICENSE FEE (TID LICENSE FEE) -
Shall mean the municipal license fee imposed upon hotel owners, transient accommodation operators, and transient space marketplaces operating within the Greater Newark Tourism Improvement District pursuant to ?10:32-5.4 of this Chapter, for the purpose of funding the administration, management, and operations of the District.
(All other definitions contained in ?10:32-5.1 shall remain in full force and effect.)
10:32-5.2 Findings.
d. That all expenses for the administration and management of the District (which expenses may be incurred and/or co-mingled on a shared basis with the administration and m...
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