The governing body of the City of Camden hereby finds that (1)
the Downtown District as described by lot and block numbers and by
street addresses in Schedules A and B attached hereto and incorporated
by reference would benefit from being designated as a special improvement
district; (2) that a district management corporation would provide
administrative and other services to benefit the businesses, employees,
residents and consumers in the Downtown District; (3) upon implementation,
a special assessment shall be imposed and collected by the City of
Camden with the regular property tax payment or payment in lieu of
taxes or otherwise, and that all or a portion of these payments shall
be transferred to the district management corporation to effectuate
the purposes of N.J.S.A. 40:56-65 et seq. and to exercise the powers
given to it by municipal ordinance; and (4) that it is in the best
interests of the City of Camden and the public to create a special
improvement district and to designate a district management corporation;
except that no district management corporation shall be designated
to receive any funds or to exercise any powers pursuant to the provisions
of N.J.S.A. 40:56-65 et seq. unless the Board of Directors of that
corporation shall include at least one member of the governing body
of the City of Camden.
The governing body of the City of Camden hereby designates the
special improvement district as described in Schedules A and B attached
hereto and incorporated by reference. This special improvement district is comprised of Downtown
including Linden, 7th Street, Elm Street from 7th to Delaware Avenue,
10th Street, Ed's and Meds, Waterfront, and the Gateway.
Notwithstanding the creation of the special improvement district,
the City expressly retains all its police powers and other rights
and powers and authority over the area designated as the "special
improvement district."
Any ordinance or part of an ordinance inconsistent with any
part of this article is hereby repealed as to the inconsistent provisions.
If any section, subsection, sentence, clause, phrase or portion
of this article is for any reason held to be invalid or unconstitutional
by a court of competent jurisdiction, such portion shall be deemed
a separate and distinct and independent provision, and such holding
shall not affect the validity of the remaining portions hereof.
Any portion of this article not herein amended and supplemented
shall remain in full force and effect.
This article shall take effect 20 days after final passage and
publications as provided by law.