As used in this chapter, the following terms
shall have the meanings indicated:
DISTRICT MANAGEMENT CORPORATION
An entity created by municipal ordinance or incorporated
pursuant to N.J.S.A. 15A:1-1 et seq. and designated by municipal ordinance
to receive funds collected by a special assessment within a special
improvement district as authorized by this chapter.
SPECIAL IMPROVEMENT DISTRICT
An area within the Borough of Netcong designated by this
chapter as an area in which a special assessment on all property within
the district shall be imposed for the purposes of promoting the economic
and general welfare of the district and the Borough of Netcong. This
shall not include those properties exclusively used for residential
purposes.
There is hereby designated a special improvement district (hereinafter "SID") which is more particularly described on
Schedule A attached hereto and made a part hereof. Any property listed on
Schedule A and which is incorporated within the SID, and is exclusively used for residential purposes, is exempt from the payment of any special assessment.
The special improvement district as described on
Schedule A, shall be an area in which all of the property included therein, except as hereinafter stated, shall have imposed a special assessment for the purposes of promoting the economic and general welfare of the district and the Borough of Netcong. For purposes of establishing any assessment under §
75-9 of this chapter, the SID shall be divided into three tiers as described in
Schedule A, based upon their respective proximity to the Borough's central business district. Any property located within the SID which is tax-exempt shall not be subject to the special assessment. In the event any tax-exempt entity makes a payment in lieu of taxes to the Borough of Netcong, then and in that event, said entity shall be subject to the imposition of a special assessment. The improvements and supplemental services in the SID will involve annual costs peculiar only to the SID and will be distinguished from improvements and services normally provided by the Borough. While the improvements and supplemental services shall be maintained and operated pursuant to the provisions of this chapter and to N.J.S.A. 40:56-65 et seq. and the costs thereof assessed or taxed to the benefited properties pursuant to this chapter, such improvements and supplemental services shall not be substituted by the Borough for improvements and services now supplied to the proposed SID nor be grounds for curtailment of future improvements and services planned.
Special Improvement District of Netcong Borough,
Inc. is hereby designated the District Management Corporation which
shall assist the Borough of Netcong in promoting economic growth and
development within the SID. Said District Management Corporation is
incorporated pursuant to the provisions of Title 15A of the New Jersey
Statutes and is hereby designated as eligible to receive the funds
collected as special assessment within the SID. In addition, the District
Management Corporation shall:
A. Have a Board of Trustees consisting of nine members,
chosen as follows:
[Amended 12-12-2013 by Ord. No. 2013-15; 12-11-2014 by Ord. No.
2014-13]
(1) The Mayor of the Borough and one Council member appointed
by the Council, each to serve a one-year term.
(2) One resident of the Borough, who is not a member of the Special Improvement
District, to be appointed by the Mayor with the advice and consent
of the Borough Council for a two-year term.
(3) Six Trustees to be appointed by the currently serving
Trustees of the Special Improvement District of Netcong Borough, Inc.
(“District Management Corporation”), with the advice and
consent of the Borough Council in accordance with the bylaws of the
District Management Corporation.
B. Exercise the following powers:
[Amended 12-12-2013 by Ord. No. 2013-15]
(1) Adopt bylaws for the regulation of its affairs and the conduct of
its business and to prescribe rules, regulations and policies in connection
with the performance of its functions and duties;
(2) Employ such persons as may be required and fix and pay their compensation
from funds available to the corporation;
(3) Apply for, accept, administer and comply with the requirements respecting
an appropriation of funds or a gift, grant or donation of property
or money;
(4) Make and execute agreements which may be necessary or convenient
to the exercise of the powers and functions of the corporation, including
contracts with any person, firm, corporation, governmental agency
or other entity;
(5) Administer and manage its own funds and accounts and pay its own
obligations;
(6) Borrow money from private lenders for periods not to exceed 180 days
and from governmental entities for that or longer periods;
(7) Accept, purchase, rehabilitate, sell, lease or manage property in
the SID;
(8) Provide security, sanitation and other services to the SID supplemental
to those provided normally by the Borough;
(9) Undertake improvements designed to increase the safety or attractiveness
of the SID to businesses which may wish to locate there or to visitors
of the SID, including, but not limited to, litter cleanup and control,
landscaping, parking areas and facilities, recreational and rest areas
and facilities, and those improvements generally permitted for pedestrian
malls under Section 2 of P.L. 1972, c. 134 (N.J.S.A. 40:56-66), pursuant
to pertinent regulations of the governing body;
(10) Publicize the district and the businesses included within the district
boundaries and create programs furthering the promotion of the district
and businesses;
(11) Organize special events in the district;
(12) Provide special parking arrangements for the district;
(13) Provide temporary decorative lighting in the district;
(14) Fund the improvement of the exterior appearance of properties in
the district through grants or loans;
(15) Fund the rehabilitation of properties in the district;
(16) Enforce the conditions of any loan, grant, sale or lease made by
the corporation; and
(17) Recruit new business to fill vacancies in, and to balance the business
mix of, the district.
The District Management Corporation shall cause
an annual audit of its books, accounts and financial transactions
to be made and filed with the Council, and for that purpose the corporation
shall employ a Certified Public Accountant licensed with the State
of New Jersey. The annual audit shall be completed and filed with
the governing body within four months after the close of the fiscal
year of the corporation and a certified duplicate copy of the audit
shall be filed with the Director of the Division of Local Government
Services in the Department of Community Affairs within five days of
the filing of the audit with the Council.
The District Management Corporation shall, within
30 days of the close of each fiscal year, make an annual report of
its activities for the preceding fiscal year to the Council.
The annual costs of operating, maintaining and
improving the special improvement district shall be reported to the
governing body, assessed, collected and appropriated as provided in
N.J.S.A. 40:56-80.
[Amended 4-13-2006 by Ord. No. 2006-8; 12-12-2013 by Ord. No.
2013-15]
The 2014 SID assessment imposed against any
property shall not increase in the year 2015 unless there is an increase
in the net property assessment determined by the Borough Tax Assessor.