The purpose of this chapter is to:
A. Promote economic growth and employment within the business
district and in particular the Special Improvement District;
B. Foster and encourage self-help programs to enhance the
local business climate; and
C. 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.
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.