Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2026 Annual Budget of Newark Alliance, Inc.
Purpose: Amending the 2026 Annual Budget of Newark Alliance, Inc.
Amount: $2,267,850.00
Budget Period: January 1, 2026 through December 31, 2026
Additional Information:
Amending the 2026 Annual Budget for Newark Alliance, Inc., District Management Corporation for the Greater Newark Tourism Improvement District, to conform with Ordinance 6PSF-a adopted April 10, 2026 and Ordinance 6PSF-b adopted July 15, 2026.
The amendment clarifies payment of the License Fee is to be collected by the Department of Economic and Housing Development and also increases the administrative fee from 1% to 2%.
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WHEREAS, on May 6, 2026, the Municipal Council adopted Resolution 7R2-g, which ratified and authorized the City Clerk to read, by title, the Newark Alliance, Inc.'s District Management Corporation 2026 Annual Budget for the Newark Alliance, Inc. d/b/a Greater Newark Tourism Improvement District; and
WHEREAS, Resolution 7R2-g authorized the 2026 Annual Budget of the Newark Alliance, Inc., acting as the District Management Corporation for the Greater Newark Tourism Improvement District, in the amount of Two Million Two Hundred Sixty-Seven Thousand Eight Hundred Fifty Dollars and Zero Cents ($2,267,850.00); and
WHEREAS, Resolution 7R2-g included certain language referencing the Special Assessment and the role of the Tax Collector and/or Department of Finance in connection with the collection and withholding of monies relating to the Tourism Improvement District License Fee; and
WHEREAS, subsequent review by the Tax Collector determined that Resolution 7R2-g should be amended to conform with Ordinance 6PSF-a adopted April 1, 2026 and 6PSF-b adopted July 15, 2026, which amended Title X, Finance and Taxation, Chapter 10, Article 32, Special Improvement Distri...
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