Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2013/2014 Annual Budget for Greater Newark Tourism
Improvement District (GNTID)
Purpose: Reading & Adopting 2013/2014 GNTID Budget
Amount: $2,100,000
Budget Period: 2013 (August 1, 2013 through December 31, 2013)/2014 (January 1, 2014 through December 31, 2014
Additional Information:
Budget Introduction authorized by Resolution #
Deferred 7R3-j 070313
Deferred 7R3-b 080713
Invitation: Tax Collector and Tax Assessor
Deferred 7R3-a 090513
Deferred 7R3-a 091813
No Action Taken 7R3-a 100213
No Action Taken 7R3-a 101013
Deferred 7R3-a 101713
No Action Taken 7R3-a 102313
Deferred 7R3-a 102913
Deferred 7R3-a 110713
body
WHEREAS, by Ordinance 6PSF-h, adopted on June 19, 2013, the Mayor and the Municipal Council created and designated within the City of Newark 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, the Mayor and the Municipal Council designated a non-profit corporation, the Greater Newark Tourism Improvement District Management Corporation ("the District Management Corporation"), for the District; pursuant to N.J.S.A. 40:56-65 (c); and
WHEREAS, Robert Provoso, Chairperson of the Greater Newark Tourism Improvement District Management Corporation, has certified on June 13, 2013 tha...
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