As used in this chapter, the following terms shall have the
meanings indicated:
Pursuant to N.J.S.A. 40:56-65 et seq. ("the Act"), the Township
Council of the Township of Franklin hereby determines the following:
A. That the areas within the Township of Franklin that are described
by block and lot and by street address as set forth in Schedule A
of this chapter, and the property owners, tenants and inhabitants therein,
benefit from being designated as a special improvement district and
will benefit the whole of the Township of Franklin, with the exception
of the following properties that will not be assessed members of the
special improvement district:
(1) Any property owned and operated by the municipal, county and state
governments; and
(2) One hundred percent of residential structures four units or under;
B. That a district management corporation would provide administrative
and other services to benefit the businesses, employees, residents,
and consumers in the Township of Franklin, the Hamilton Street Business
Improvement District, and will also assist the Township of Franklin
in promoting economic growth and employment;
C. That a special assessment may be imposed and collected by the Township
of Franklin either with the regular property tax payment (or payment
in lieu of taxes) or otherwise on properties located within the Township's
limits designated in the attached Schedule A and that these payments
shall be transferred to the district management corporation to effectuate
the purpose of this chapter and to exercise the powers given to it
pursuant to this chapter;
D. That it is in the best interests of the Township of Franklin, Hamilton
Street Business District, and its inhabitants to create a special
improvement district and to designate the Township Council of the
Township of Franklin as the district management corporation in the
special improvement district; and
E. That the business community should be encouraged to provide self-help
and self-financing programs to meet local needs, goals and objectives
and should be encouraged to supplement any of the authorized services
and improvements through the district management corporation.
All costs of improvements and maintenance, other than the costs
of improvements and maintenance ordinarily incurred by the Township
of Franklin out of general funds, shall be determined and approved
pursuant to N.J.S.A. 40:56-65 as determined by the district management
corporation. The formula for the assessment is as follows: Each property's
current assessed value, as determined by the Township of Franklin
Tax Assessor for real estate tax purposes, will be multiplied by the
appropriate factored amount to sustain the approved annual budget
to determine the amount of the special improvement district assessment.
The foregoing assessment shall be collected as a special assessment
against properties that are within the district as defined in Schedule
A, and in additional schedules as delineated by the budget resolution,
which may assign all or any part of the budget, including no part
of the budget, to any schedule.
The district management corporation shall also cause an audit
of its books, accounts and financial transactions to be made and filed
with the Township Council. This audit shall be completed and filed
with the Township Council within four months after the close of the
fiscal year of the corporation. A certified duplicate copy of the
audit shall be filed with the County of Somerset Tax Assessor and
the Director of the Division of Local Government Services in the State
of New Jersey Department of Community Affairs within five days of
the filing of the audit with the Township Council.
The district management corporation shall submit an annual report
to the Township Council pursuant to N.J.S.A. 40:56-80 within 60 days
of the close of the fiscal year. This report shall consist of a narrative
covering the previous year's operations and detailed financial
statements.
Notwithstanding the creation of the business improvement district,
the Township of Franklin expressly retains all its powers and authority
over the area designated as the Hamilton Street Business District.
[Amended 5-13-2014 by Ord. No. 4060-14; 7-9-2019 by Ord. No. 4289-19]
A. Membership.
(1) The Hamilton Street Advisory Board shall consist of the following
members:
(a)
Voting members:
[1]
Four owners of properties within the special improvement district;
[2]
Four owners/operators of businesses located within the special
improvement district;
[3]
Two owners of 100% residential property located within the special
improvement district;
[5]
President of the Franklin Township Chamber of Commerce or designee.
(b)
Nonvoting members:
[1]
Three members of the Franklin Township Council, two of whom
shall be Ward 4 and 5 Franklin Township Councilmembers;
[2]
Mayor of Franklin Township;
[3]
Township Manager of Franklin Township;
[4]
Police Chief (or designee) of Franklin Township;
[5]
Township Engineer (or designee) of Franklin Township;
[6]
Township Director of Planning of Franklin Township;
[7]
Township Special Projects Manager.
(2) Each lot within the special improvement district shall only by represented
by one voting member.
B. Terms. The regular term of office for Hamilton Street Advisory Board
positions shall be for three years, except that of the at-large member
and President of the Franklin Township Chamber of Commerce or designee
which shall be for one year. Each member shall hold office until a
successor is appointed and confirmed. Terms shall commence on January
1. Initial terms shall be staggered as follows:
(1) One-year terms: one property owner, one business owner/operator,
one residential owner, one at-large member.
(2) Two-year terms: one property owner, two business owners/operators,
one residential owner.
(3) Three-year terms: two property owners, one business owner/operator.
C. Duties and responsibilities. The Hamilton Street Advisory Board shall
have the ability to:
(1) Adopt bylaws for the regulation of its affairs and the conduct of
its business and prescribe rules, regulations and policies for the
performance of its functions and duties.
(2) Advise the district management corporation on any matters related to the special improvement district, including, but not limited to, matters related to the powers granted to the district management corporation in §
23-5B above.
(3) Prepare and recommend the annual budget and business plan for review
and approval by the district management corporation.
(4) Prepare and submit an annual report to the district management corporation.
This report shall consist of a narrative covering the previous year's
operations and detailed financial statements.
On or before December 31, 2015, a report shall be prepared by
the Hamilton Street Advisory Board outlining progress made with respect
to the Hamilton Street Business Community Special Improvement District
over the preceding two-year period. This report shall be forwarded
for review by the Township Council. Upon review of said report, the
Township Council will render a decision regarding the future disposition
of the special improvement district.