Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2019 Annual Budget for Greater Newark Convention & Visitors Bureau ("Bureau")
Purpose: Introducing and Approving 2019 Annual Budget for Greater Newark Convention and Visitors Bureau
Amount: $2,293,881.00
Budget Period: January 1, 2019 through December 31, 2019
Additional Information:
Ordinance 6PSF-h adopted on June 19, 2013 - Authorized Creation of the Greater Newark Tourism Special Improvement District
The Public Hearing will be held on Thursday, June 6, 2019 at 12:30 P.M.
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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 or operators of hotel properties within the District as an additional room charge imposed upon such hotel owners and operators based upon actual room rentals and paid to the City of Newark in quarterly installments together with regular real property tax payments 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...
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