[HISTORY: Adopted by the City Council of the City of Rahway 5-10-1999 by Ord. No. O-22-99. Amendments noted where applicable.]
The purpose of this chapter is to:
Promote economic growth and employment within the business district and in particular the Special Improvement District;
Foster and encourage self-help programs to enhance the local business climate; and
Authorize, permit and facilitate the Municipality of Rahway 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 P.L. 1998, c. 115.
Editor's Note: See N.J.S.A. 40:56-71.1 et seq.
There is hereby created and designated within the Municipality of Rahway a Downtown Business Improvement Zone that shall be described as that area bound by the Special Improvement District previously established by the governing body of the Municipality of Rahway on September 13, 1993, by Ordinance No. A-40-93.
Within 10 business days of the adoption of this chapter, the Municipal Clerk shall forward a copy of this chapter to the Director of the Division of Local Government Services in the Department of Community Affairs.