Title
AN ORDINANCE AUTHORIZING THE CREATION OF A SPECIAL IMPROVEMENT DISTRICT IN THE CITY TO BE KNOWN AS THE GREATER NEWARK TOURISM IMPROVEMENT DISTRICT.
Deferred 6F-b 011613
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WHEREAS, there exists a need and desire to increase and improve the marketing and development of Newark and the greater Newark region as a year round destination and to avail itself of and leverage its geographic location relative to Newark International Airport, New York City and the greater northeast region of the country; and
WHEREAS, Newark has experienced some recent investments and development, such as NJPAC and the Prudential Center, that have had a measurable impact in attracting tourism; and
WHEREAS, there is a need to take affirmative and significant steps to continue such efforts and to further support the investments that have taken place so far through careful and considered marketing and development efforts and to facilitate supporting businesses and industries to capitalize and expand upon such improvements; and
WHEREAS, the hotel industry is a crucial aspect to such efforts to expand upon and improve the marketing and development of Newark and the greater Newark region as a year round destination in the region and the establishment of a funding mechanism and a program of self-help initiatives specially-benefitting the hotel industry is expected to result in the promotion of the above goals for the overall betterment of the City as well.
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
Section 1: Definitions.
a. “Special Improvement District” (sometimes referred to as the “District”), means an area within the Municipality designated by municipal ordinance as an area in which a special assessment on property within the District shall be imposed for the purposes of promoting the economic and general welfare of the District and the City.
b. “District Management Corporation” means the Greater Newark Tourism Improvemen...
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