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AN ORDINANCE AMENDING AND SUPPLEMENTING THE CODE OF THE CITY OF NEWARK TO AUTHORIZE THE CREATION OF A BUSINESS IMPROVEMENT DISTRICT IN A CERTAIN AREA OF THE NORTH AND CENTRAL WARDS OF THE CITY TO BE KNOWN AS THE BLOOMFIELD AVENUE/LOWER BROADWAY ALLIANCE (BALB).
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WHEREAS, the Mayor and the Municipal Council have previously created and established Business Improvement Districts ("BIDS") in certain areas of the City of Newark ("City"); and
WHEREAS, such BIDS have been able to create and implement self-help programs carried out by designated non-profit corporations to manage the services and programs of the BIDS; and
WHEREAS, the creation of such BIDS has proven to be enormously successful in revitalizing several areas throughout the City and has been a crucial component in the City's efforts to reverse and remedy economic and social deterioration seen in the City, expand and facilitate successful commercial activities, provide better commercial and residential environments for the various communities throughout the City, and create unique and distinctive downtown areas and environments that have significantly benefited the property owners and businesses in such BIDS and the City generally; and
WHEREAS, the City believes that a certain area of the North and Central Wards of the City (the "Bloomfield Avenue-Lower Broadway Business Improvement District" or the "District"), will likely realize similar benefits to those realized in other BIDS; and
WHEREAS, the City proposes the creation and establishment of the Bloomfield Avenue-Lower Broadway Business Improvement District in the above areas as more particularly described in detail in Schedule A & B, attached hereto and made a part of this Ordinance; and
WHEREAS, the properties listed in Schedule A will be part of the Bloomfield Avenue-Lower Broadway Business Improvement District upon final passage; and
WHEREAS, a Steering Committee, comprised of the City, the Newark Co...
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