Title
AN ORDINANCE AMENDING TITLE 10, FINANCE AND TAXATION, CHAPTER 32, SPECIAL IMPROVEMENT DISTRICTS, OF THE REVISED GENERAL ORDINANCES OF THE CITY OF NEWARK, NEW JERSEY, AS AMENDED AND SUPPLEMENTED, BY AMENDING 10:32-3.6, 10:32-3.11, 10:32-5.1, 10:32-5.2(C)-(F), 10:32-5.5(A), 10:32-5.5(C)-(D), AND 10:32-5.7(E) CLARIFYING REPORTING REQUIREMENTS AND DESIGNATING A DISTRICT MANAGEMENT CORPORATION, STRIKING 10:32-5.6 HIRING PRACTICES AND 10:32-5.9 TRIENNIAL REVIEW, AND ADDING 10:32-3.XX ESTABLISHING A BOARD OF TRUSTEES AND 10:32-5.XX ESTABLISHING AN EFFECTIVE DATE.
Deferred 6PSF-q 121824
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[WHEREAS, the City previously created, pursuant to Ordinance 6S&FE adopted on September 2, 1998, as amended and supplemented, a special improvement district in a portion of the Central Business District and designated the Newark Downtown District Management Corporation as the district management corporation to manage the Newark Downtown Special Improvement District (the "Downtown District"); and
WHEREAS, the City previously created, pursuant to Ordinance 6PSF-H adopted June 18, 2013, as amended and supplemented, a special improvement district of hotel industry properties, transient accommodations and businesses within the City and designated the Greater Newark Tourism Improvement District Management Corporation, d/b/a The Greater Newark Convention and Visitor Bureau, as the district management corporation to manage the Greater Newark Tourism Improvement District (the "Tourism District"); and
WHEREAS, the City finds a need and desire to consolidate the governance, management and operations of the Downtown District and the Tourism District to increase and improve accountability to the Mayor and the Municipal Council of the City of Newark and to best serve the interests of the City in promoting its economic growth of businesses and tourism;
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
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