[Adopted 3-9-2010 by Ord. No. O-10-005]
The purpose of this article is to:
A. Promote
economic growth and employment within the business district and in
particular the Special Improvement District;
B. Foster
and encourage self-help programs to enhance the local business climate;
and
C. Authorize,
permit and facilitate the Montclair Center Special Improvement District
and the designated district management corporation of the district
to apply for and accept funds or loans from the State of New Jersey,
Department of Community Affairs for Public Improvements, as contemplated
and defined by N.J.S.A. 40:56-71.1 et seq.;
There is hereby created and designated within the Township of Montclair a Downtown Business Improvement Zone that shall be coextensive with the Special Improvement District established by the Township Council of the Township of Montclair by Ordinance No. 02-04 (Chapter
293, Article
I, of the Township Code).