As used in this article, the following terms shall have the
meanings indicated:
Pursuant to N.J.S.A. 40:56-65 et seq. ("the Act"), the City
Council of the City of Plainfield hereby determines the following:
(a) That areas within the City of Plainfield, and the property owners,
tenants and inhabitants therein, benefit from being designated as
a special improvement district and will benefit the whole of the City
of Plainfield, 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)
100% of residential structures four units or under;
(b) That a Central Business District Management Corporation would provide
administrative and other services to benefit the businesses, employees,
residents, and consumers in the City of Plainfield Central Business
Improvement District and will also assist the City of Plainfield in
promoting economic growth and employment;
(c) That a special assessment may be imposed and collected by the City of Plainfield either with the regular property tax payment (or payment in lieu of taxes) or otherwise on properties located within the City's limits designated in §
3:37-3 below and that these payments shall be transferred to the District Management Corporation to effectuate the purpose of this article and to exercise the powers given to it pursuant to this article;
(d) That it is in the best interests of the City of Plainfield and its
residents to create a special improvement district and to designate
members to 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 City of Plainfield 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 City of Plainfield 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 §
3:37-2 above, 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 City Council. This audit shall be completed and filed with
the City Council within four months after the close of the calendar
year. A certified duplicate copy of the audit shall be filed with
the County of Union 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 City Council.
The District Management Corporation shall submit an annual report
to the City Council pursuant to N.J.S.A. 40:56-80 within 60 days of
the close of the calendar 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 City of Plainfield expressly retains all its powers and authority
over the area designated as the Central Business District.
On or before December 31, 2019, a report shall be prepared by
the Central Business District Advisory Board outlining progress made
with respect to the special improvement district over the preceding
two-year period. This report shall be forwarded for review by the
City Council.