The purpose of this Article is to establish a Tourism Utility
to track, account for and properly budget and pay for the management
and operation of Convention Hall as well as for all of the activities
and events provided through the City's Department of Tourism, Civic
Affairs and Recreation, with the purposes and objectives of maintaining
a self-liquidating/solvent fund under the authority set forth in New
Jersey Bond Law, N.J.S.A. 40A:2-1 et seq., New Jersey Local Budget
Law, N.J.S.A. 40A:4.1 et seq. and the New Jersey Fiscal Affairs Law,
N.J.S.A. 40A:4.1 et seq. and the New Jersey Fiscal Affairs Law, N.J.S.A.
40A:5-1 et seq. This will enable the City to separately account and
budget for all tourism, recreational and civic activities and, to
the extent available, transfer surplus funds within the Tourism Utility
to the current fund as a contribution toward debt service obligations
for Convention Hall, thus relieving the burden of the taxpayers in
the payment of such debt service as well as in financing the operational
aspects of Convention Hall and the tourism, recreational and civic
programs developed and managed through the Department of Tourism,
Civic Affairs and Recreation.
In replacement of the assessment previously made for certain mercantile licenses issued by the City annually under § 10-129 (now repealed), there shall be an increase to all licensing fees for each license issued by the City pursuant to Chapter
139, Article
I, Amusement Games, and Article
II, Automatic Amusement Devices; Chapter
151, Artists in Public, Licensing of; Chapter
310, Article
II, Mercantile Licenses and Permits; Chapter
379, Article
I, Peddlers, Hawkers and Vendors, and Article
II, Solicitors and Canvassers; and Chapter
469, Tours, Licensing of, in the amount of $50, which shall be deposited into the Tourism Utility fund. In the event a person is required to obtain more than one license under the above chapters and articles for operating a business or activity from the same location, only one $50 increase shall be charged.