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AN ORDINANCE AMENDING TITLE 2, ADMINISTRATION, CHAPTER 10, DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT, SECTION 7, LIVE NEWARK LOAN FORGIVENESS PROGRAM FOR ADVANCING CLOSING, OF THE REVISED GENERAL ORDINANCES OF THE CITY OF NEWARK, NEW JERSEY, 2000, AS AMENDED AND SUPPLEMENTED, BY AMENDING SECTION 7.3 FA?ADE IMPROVEMENT PROGRAM, TO INCREASE THE AMOUNT OF THE FA?ADE IMPROVEMENT LOAN FOR ELIGIBLE FACADE IMPROVEMENTS UNDER THE FA?ADE IMPROVEMENT PROGRAM.
Sponsor(s): Council Member, Patrick O. Council
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WHEREAS, the Municipal Council on behalf of the City of Newark wishes to increase the Fa?ade Improvement Loan amount to benefit Newark residents and businesses; and
WHEREAS, the City recognizes that eligible fa?ade improvements are needed in business corridors throughout the neighborhoods; and
WHEREAS, the City of Newark has determined that there is a need to adjust the aforementioned loan amounts; and
WHEREAS, the Municipal Council finds and declares the following amendments to the Revised General Ordinances of the City of Newark, New Jersey, 2000, are deemed necessary for the prosperity of residents and businesses within the City of Newark.
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
[Deletions are indicated by strikethrough, additions are indicated by bold and underline.]
SECTION 1. Title II, Administration, Chapter 10, Department of Economic and Housing Development, of the Revised General Ordinances of the City of Newark, New Jersey, 2000, is amended and supplemented, to read as follows:
CHAPTER 10, Department of Economic and Housing Development
? 2:10-7.3 FA?ADE IMPROVEMENT PROGRAM.
a. Program for Fa?ade Improvements
1. Establishment. The Department of Economic and Housing Development is hereby authorized to establish and administer a Facade Improvement Program in order to provide funds up to $20,000 $40,000 ("Facade Improvemen...
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