Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2018 Annual Budget for Greater Newark Convention & Visitors Bureau ("Bureau")
Purpose: Introducing and Approving 2018 Annual Budget for Greater Newark Convention and Visitors Bureau
Amount: $1,821,760.00
Budget Period: January 1, 2018 through December 31, 2018
Additional Information:
Ordinance 6PSF-h adopted on June 19, 2013 - Authorized Creation of the Greater Newark Tourism Special Improvement District
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WHEREAS, by Ordinance 6PSF-h, adopted on June 19, 2013, the Mayor and the Municipal Council created and designated within the City of Newark as a Special Improvement District authorized pursuant to N.J.S.A. 40:56-65 et seq. (the "Ordinance"), to be known as the Greater Newark Tourism Improvement District comprised of all hotel properties within the City (the "District") to provide supplemental services within the District and collect a special license fee assessment on all affected property within the District, which fee assessments shall be collected by the owners of hotel properties within the District as an additional room fee and paid over to the City of Newark for the purpose of promoting the economic and general welfare of the District and the municipality; and
WHEREAS, by Ordinance 6PSF-h June 19, 2013, the Mayor and the Municipal Council designated a non-profit corporation, the Greater Newark Tourism Improvement District Management Corporation ("the District Management Corporation"), as the management entity for the District; as enabled by N.J.S.A. 40:56-65 (c); and
WHEREAS, the District Management Corporation provides administrative and other services to benefit businesses, employees, residents, visitors and consumers in the District and shall have all powers necessary and requisite to effectuate the purposes of the Ordinance and the District; and
WHEREAS, in accordance wi...
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