The Mayor and Council hereby make the following findings:
A.
The area described on Schedule A[1] attached to this chapter and made a part hereof would benefit from being designated as a special improvement district and, therefore, it is in the best interest of the City of Hackensack and the public to create a special improvement district and to designate a district management corporation;
[1]
Editor's Note: Schedule A is on file in the City offices.
B.
The designated district management corporation would provide administrative and other services to benefit the business, employees, residents and consumers in the special improvement district; and
C.
Business license fees and special assessments on commercial properties should be imposed and collected by the City, and these payments shall be transferred to the district management corporation to effectuate the purposes for which the district was established and to exercise the powers given to it by this chapter.