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AN ORDINANCE CREATING A BUSINESS IMPROVEMENT DISTRICT AND
DESIGNATING A DISTRICT MANAGEMENT CORPORATION

Ordinance #25-99, Business Improvement District
Ordinance #3-00, Amend Business Improvement District Ordinance
Ordinance #24-00, Amend BID Ordinance
Ordinance #23-01, Amend BID Ordinance

Ordinance #6-02, Amend Business Improvement District Ordinance


 

Ordinance #25-99, Business Improvement District

AN ORDINANCE CREATING A BUSINESS IMPROVEMENT DISTRICT

AND DESIGNATING A DISTRICT MANAGEMENT CORPORATION
WHEREAS, the Mayor and Council of the Borough of Keyport regard the business community as a vital economic and social force in the Borough of Keyport; and

WHEREAS, the Keyport Business Improvement District Steering Committee, consisting of residents and business people of the Borough, has submitted to the Mayor and Council a report dated May 18, 1999 which report urges the adoption of an ordinance creating a Business Improvement District as well as the designation of a non profit corporation to manage the anticipated services and program of the Business Improvement District; and

WHEREAS, as a result of the aforesaid report, substantial and thorough studies and discussions were held throughout the business community to explore the desirability of the Business Improvement District or Districts for the Borough as well as the terms and conditions of the proposed Special Improvement District Ordinance including the business area to be covered by the Ordinance; and

WHEREAS, it is contemplated by the Mayor and Council working in conjunction with the business community, that in the future further action will be taken to meet the needs and desires of the greater business community which action may result in an amendment to this Ordinance.
NOW, THEREFORE, BE IT ORDAINED by the Mayor and Council of the Borough of Keyport, pursuant to NJSA 40:56-65 et seq., as follows:

Section 1. Definitions.

 

a. "Business Improvement District" (sometimes also referred to as "District" or "Special Improvement District") means an area within the Borough of Keyport, designated by this Ordinance as an area in which a special assessment on property within the District shall be imposed for the purposes of promoting the economic and general welfare of the District.
b. "District Management Corporation" means "Business Improvement District of Keyport, New Jersey, Inc." (also referred to as "Management Corporation"), an entity incorporated pursuant to Title 15A of the New Jersey Statutes and designated by municipal ordinance to receive funds collected by a special assessment within the Business Improvement District, as authorized by this Ordinance and any amendatory supplementary ordinance.

Section 2. Findings.

 

The Mayor and Council find and declare:

a. That the area within the Borough of Keyport, so designated on the map hereto attached as Schedule A and beginning at the center of the intersection of Atlantic Street and the Henry Hudson Trail to the center of the intersection of the Henry Hudson Trail and Beers Street, running thence in a northerly direction along the centerline of Beers Street to the center of the intersection of Beers Street and Francis Street running thence in a Westerly direction along the Eastern bank of Luppatatong Creek, running thence in a generally Northerly direction to the Eastern bank of Luppatatong Creek to its mouth, running thence in a Northeasterly direction along the shore of Raritan Bay (inclusive of all riparian lands touching upon said shoreline) to that point of the shoreline directly perpendicular to the centerline of Atlantic Street, running thence in a Southeasterly direction to Atlantic and continuing along Atlantic Street in said direction to the center of the intersection of Atlantic Street and the Henry Hudson Trail, inclusive of all properties contained within said boundary, will benefit from being designated as a Business Improvement District.

b. That a district management corporation would provide administrative and other services to benefit the businesses, employees, residents and consumers in the Business Improvement District. These services shall be over and above the services already provided to the District by the Borough.
c. That a special assessment shall be imposed and collected by the Borough with the regular property tax payment or payment in lieu of taxes or otherwise, and that all of these payments shall be transferred to the district management corporation to effectuate the purposes of this ordinance and to exercise the powers given to it by this ordinance.
d. That it is in the best interests of the municipality and the public to create a Business Improvement District and to designate a district management corporation.
e. That the business community should be encouraged to provide self-help and self-financing programs to meet local business needs, goals and objectives.

Section 3. Creation of District

 

a. There is hereby created and designated within the Borough of Keyport a Business Improvement District to be known as the Keyport Business Improvement District having the above stated boundary. The Business Improvement District shall be subject to special assessment on all affected property within the District, as described by lot and block number and by street address as set forth in Schedule B of this Ordinance. Such assessment shall be imposed by the Borough of Keyport for the purposes of promoting the economic and general welfare of the District.

b. All business properties within the Business Improvement District including all private, non residential assessed properties are deemed included in the assessing provisions of this Ordinance and are expressly subject to potential assessment made for Business Improvement District purposes.

c. All properties within the Business Improvement District that are tax exempt or are used exclusively for residential purposes, are deemed excluded from the assessing provisions of this Ordinance and are expressly exempt from any assessment made for Business Improvement District purposes.

d. The owner of any business property located outside the Business Improvement District, may request that said property be included in and subject to the assessing provisions of this Ordinance. Upon approval of said request by the Board of Directors of the Management Corporation, any such property shall be deemed to be business property within the Business Improvement District. Such approval shall not obligate the Board of Directors to provide any services or other specific benefits to such property.

Section 4. Appeal of Property Owner from Inclusion in the District.

 

Any owner of property included within the Business Improvement District and subject to the assessing provisions of this Ordinance, may appeal to the Tax Assessor of the Borough of Keyport, requesting to be excluded from the District and from any assessment provisions of this Ordinance. This appeal is only as to whether or not a property should be included within the District under the standards set forth in Section 3 of this Ordinance. It is not an appeal with regard to any taxes. Appeals with regard to taxes should be taken in the usual manner to the Monmouth County Board of Taxation or to the Tax Court. Any appeal seeking exclusion from the District and any assessment provisions of this Ordinance, shall be in writing and specifically detail the factual basis for the appeal. The Assessor shall investigate the matter and conduct an informal hearing or conference within thirty (30) days of receipt of the appeal. Within ten (10) days after the conclusion of the informal hearing or conference, the Assessor shall file a report and recommendation with the Mayor and Council. The Mayor and Council shall review the matter and act within thirty (30) days upon receipt of the report and recommendation from the Assessor.

Section 5. Assessments

 

a. Operation and Maintenance of District. Annual operation and maintenance costs relating to services peculiar to the District, as distinguished from services normally provided by the Borough, will provide benefits primarily to the properties included within the District rather than the Borough as an entirety. These annual costs shall be assessed and taxed to the benefitted properties pursuant to the provisions of this Ordinance and NJSA 40:56-65 et seq.
b. Development Construction or Acquisition Costs. The Borough may, by separate ordinance, or by amendment to this ordinance, provide that improvements and facilities hereinafter acquired or developed shall be operated and maintained and the costs assessed to the benefitted properties.

Section 6. The Designated District Management Corporation.

 

a. The non-profit corporation, Keyport Partnership, Inc. is hereby designated as the district management corporation for the District. This management corporation shall conduct its business in accordance with the Open Public Meetings Law. This corporation shall have no power of condemnation or eminent domain. It shall regularly file copies of the minutes of its meetings with the Borough Clerk so the minutes shall be conveniently available to the public for inspection.
b. The Management Corporation shall conduct regular meetings no less than quarterly.
c. The Management Corporation shall have a Board of Directors consisting of fifteen (15) voting members. As to the membership of the Board of Directors, it shall include (1) the Mayor or the Mayor's designee; (2) a member of the Borough Council selected by the Borough Council; (3) a member of the Unified Borough Planning Board and Board of Adjustment selected by the Borough Council; (4) one business property owner or occupant, or resident of property not assessed under this Ordinance. With the exception of the first seat, each appointment is for a period of one (1) year and shall be at the pleasure of the appointing authority.
Additionally the Board of Directors shall consist of one non-voting member appointed from bodies such as Northern Monmouth Area Chamber of Commerce or similar body. The member appointed from these bodies shall serve at the pleasure of the appointing body.
The remaining eleven (11) voting members of the Board of Directors shall consist of owners or occupants of assessed properties located within the District, or representatives or either group, provided each group is represented on the Board of Directors. The term of each seat shall be three (3) years, except at the first election, however, three (3) members shall be elected for one (1) year; four (4) members shall be elected for two (2) years and four (4) members shall be elected for three (3) years. Any vacancies with regard to these elected members shall be filled by a majority vote of the Board members for the balance of the term.
d. The Mayor and Council will designate the BID Steering Committee members to carry on the duties of the non profit corporation, to include securing corporate and non profit status and creation of bylaws, form a nominating and election committee. The BID Committee shall not expend or commit any Management Corporation funds without a simple majority vote of a quorum of Steering Committee members. The bylaws shall provide for an election to create the Board of Directors by owners and/or occupants of commercial property included within the District which election shall be held on or before the third month anniversary from the date of the adoption of the ordinance.

Section 7. Powers of the Designated District Management Corporation

The district management corporation, shall act as an advisory board to the Mayor and Council, pursuant to statutory authority, shall have all powers and responsibilities necessary and requisite to effectuate the purposes of this Ordinance and the District, including but not limited to:
a. Adopt bylaws for the regulation of its affairs and the conduct of its business and to prescribe rules, regulations and policies in connection with the performance of its functions and duties.

 

(1) These bylaws shall be submitted to the Mayor and Council for approval and may thereafter be modified without the approval of the Mayor and Council except for bylaws pertaining to the following subjects, modifications of which shall require said approval:

 

(A) membership requirements for the Management Corporation
(B) eligibility to be nominated for a position on Board of Directors or to nominate by petition a candidate for such a position
(C) asset distribution upon dissolution of the Management Corporation; and
(D) removal of elected members of the Board of Directors

(2) The bylaws and other corporate documents shall provide that the Management Corporation shall conduct its business in accordance with the Open Public Meetings Law.

 

b. Employ such persons as may be required, and fix and pay their compensation from funds available to the Management Corporation;
c. Apply for, accept, administer and comply with the requirements respecting an appropriation of funds or a gift, grant or donation of property or money;
d. Make and execute agreements which may be necessary or convenient to the exercise of the powers and functions of the Management Corporation, including contracts with any person, firm, corporation, governmental agency or other entity;
e. Administer and manage its own funds and accounts and pay its own obligations;
f. Borrow money from private lenders for periods not to exceed 180 days and from governmental entities for that or longer periods;
g. Fund the improvement for the exterior appearance of properties in the District through grants or loans. Standards for eligibility and standards for terms of such grants and loans shall be established by the Board of Directors.
h. Fund the rehabilitation of properties in the District through grants or loans. Standards for eligibility and standards for terms of such grants and loans shall be established by the Board of Directors.
i. Accept, purchase, rehabilitate, sell, lease or management property in the District;
j. Enforce the conditions of any loan, grant sale or lease made by the Management Corporation.
k. Provide security, sanitation and other services to the District, supplemental to those provided normally by the municipality;
l. Undertake improvements designated to increase the safety or attractiveness of the District to businesses which may wish to locate there or to visitors to the District including but not limited to, litter clean up and control, landscaping, parking areas and facilities, recreational and rest areas and facilities, pursuant to pertinent regulations of the Borough of Keyport.
m. Publicize the District and the businesses included within the District boundaries;
n. Recruit new businesses to fill vacancies in, and to balance the business mix of, the District;
o. Organize special events in the District;
p. Provide special parking arrangements for the District; and
q. Provide temporary decorative lighting in the District.
r. Establish, coordinate and direct various committees to which Borough Officials such as the Police Director and the Director of Public Works shall serve as liaisons to the BOD, to further the objectives of the Management Corporation.

Section 8. Annual Budget, Hearing and Assessments

 

a. The fiscal year of the District and of the Management Corporation shall be the calendar year. The first budget shall be the calendar year 2000 and shall be submitted by the BID Steering Committee to the Mayor and Council sixty (60) days within the date of adoption. Hereafter, beginning December 31, 2000, the Management Corporation shall submit no later than December 1 of each year a detailed annual budget for the following year for approval by the Mayor and Council. The budget shall be processed and adopted by the Borough on or before April 1st of each year in accordance with the procedures set forth in NJSA 40:56-84.
b. The budget shall be submitted with a report which explains how the budget contributes to goals and objectives for the Business Improvement District together with the following

 

(1) The amount of such costs to be charged against the general funds of the municipality, if any.

(2) The amount of costs to be charged and assessed against properties benefitted in the District in proportion to benefits which shall be the aggregate of costs of annual improvements to be made in the District during each year.
(3) The amount of costs, if any, to be specially assessed against properties in the District.
c. The Mayor and Council shall receive and consider the budget and report submitted by the Management Corporation after such notice and hearing before them or an appropriate committee as they shall be deemed necessary or expedient, and shall approve same, with such amendments thereto as they find necessary and the amounts of each item of cost estimated shall be deemed appropriated and expendable to operate and maintain the District during the ensuing fiscal year.

The budget shall be introduced, approved, amended and adopted by resolution passed by not less than a majority of the full membership of the Council. The procedure shall be as follows:

 

(1) introduction and approval,
(2) public advertising,
(3) public hearing,
(4) amendments and further public hearings, if required and
(5) adoption.

The budget shall be introduced in writing at a meeting of the Mayor and Council. Upon approval of the budget by first reading by the Mayor and Council, a time and place for the holding of a public hearing upon the budget shall be fixed by the Mayor and Council. The budget shall be advertised after approval. The advertisement shall contain a copy of the budget and shall set forth the date, the time and the place of the hearing. It shall be published at least ten (10) days prior to the dated fixed therefor in a newspaper approved for publication. No budget shall be adopted until a public hearing has been held thereon and all persons having an interest therein shall have been given an opportunity to present objections.

The hearing shall be held not less than 28 days after the approval of the budget upon first reading. The public hearing shall be held at the time and place specified in the advertisement thereof, but may be adjourned from time to time until the hearing is closed. The budget, as advertised, shall be read at the public hearing, in full, or it may be ready by its title if:

 

(1) at least one week prior to the date of hearing, a complete copy of the approved budget, as advertised,

(a) shall be posted in a public place where public notices are customarily posted in Borough Hall, and (b) is made available to each person requesting the same during the public hearing; and(2) the Mayor and Council shall, by resolution passed by not less than a majority of the full Council membership, determine that the budget shall be read by its title and declare that the conditions set forth in clause (1) have been met. After the closing of the hearing, the Mayor and Council may adopt the budget by title, without amendments, or may approve amendments, as provided below, before adoption.

The Mayor and Council may amend the budget during or after the public hearing. No amendment by the Mayor and Council shall be effective until taxpayers and all persons having an interest therein shall have been granted a public hearing thereon, if the amendment shall (1) add a new item in an amount in excess of 1% of the total amount as stated in the approved budget,

(2) increase or decrease any item by more than 10%;

or

(3) increase the amount to be raised by more than 5% unless the same is made pursuant to an emergency temporary appropriation. Notice of hearing on an amendment shall be advertised at lease three (3) days before the date set therefor. The amendment shall be published in full in the same manner as an original publication and shall be read in full at the hearing and before adoption.Final adoption of the budget shall be by resolution, adopted by a majority of the full membership of the Council, and may be by title.

d. Each year, when the Mayor and Council shall have acted on the estimated costs and/or on the budget for the ensuing year, the Borough Tax Assessor shall prepare an assessment roll, separately setting forth the amounts to be specially assessed against the benefitted and assessable properties in the District, pursuant to statutory authority and consistent with this ordinance, to be approved by the Mayor and Council by resolution. Descriptions of such properties, so far as names are available, shall be included in each annual assessment roll. The assessment roll, when so prepared, shall be filed in the office of the municipal clerk and be there available for inspection. properties, so far as names are available shall be included in each annual assessment roll. The Mayor and Council shall annually meet to consider objections to the amounts of such special assessments at least ten (10) days after a notice of hearing has been published once in the official newspaper and mailed to the named owners of all tracts, parcels and lots of property proposed to be assessed. The notice shall set forth the purpose of such meeting, but may refer to the assessment roll for further particulars. When the Mayor and Council shall have approved the amounts of the special assessments by resolution, the Municipal Clerk shall forthwith certify a copy of the assessment roll, with such changes, if any, to the Monmouth County Tax Board.
e. For the purpose of this section, "annual improvements" shall mean and include any reconstruction, replacement or repair of trees, plantings, furniture, shelters and other facilities of the Business Improvement District and the furnishing of any other local improvement which benefits properties within the District. For the purpose of this act, "costs" shall, with respect to annual improvements to and operation and maintenance of the Business Improvement District, mean costs of annual improvements, fees of consultants employed by the Mayor and Council to assist in the planning of annual improvements, and all other costs including planning costs incurred or to be incurred in connection with annual improvements to and operation and maintenance of, the District.
f. Monies appropriated and collected on account of annual improvement costs, and costs of operating and maintaining a Business Improvement District, shall be credited to a special account. Pursuant to NJSA 40:65-81(e), the Mayor and Council may incur the annual costs of improving, operating and maintaining a Business Improvement District, during any fiscal year though not specifically provided for by line item or other category in an approved estimate for such fiscal year, if in its discretion it shall be deemed necessary to provide for such annual improvements or operation or maintenance prior to the succeeding fiscal year and so long as the total amount of the account as approved for that year is not exceeded by that expenditure. Any balances to the credit of the account and remaining unexpended at the end of the fiscal year shall be conserved and applied towards the financial requirement of the succeeding year.
g. The Mayor and Council shall pay over funds to the district management corporation quarterly on the first day of March, June, September and December of each year.

Section 9. Assessment Rate
a. Each business property in the Business Improvement District shall be assessed by the Borough Tax Assessor at a rate of $0.25 per $100 of assessed valuation, except that no annual BID assessment on a single business property shall be less than $250 per year not more than $1,000 per year.
b. Business Improvement District assessments shall be payable to the Borough on a quarterly basis on the same basis as real estate taxes and as provided by statute.
c. The Borough shall retain the authority to adjust the BID assessment rate for a given year after reviewing the annual budget as submitted by the Management Corporation.

Section 10. Annual Audit of District Management Corporation
The Management Corporation shall cause an annual audit of its books, accounts and financial transactions to be made and filed with the Mayor and Council and, for that purpose, the Management Corporation shall employ a certified public accountant of New Jersey. The annual audit shall be completed and filed with the Mayor and Council within four months after the close of the fiscal year of the corporation, and a certified duplicate copy of the audit shall be filed with the Director of the Division of Local Government Services in the Department of Community Affairs within five (5) days of filing of the audit with the Mayor and Council.

Section 11. Annual Report to Municipality
The Management Corporation shall, within thirty (30) days after the close of each fiscal year, make an annual report of its activities for the preceding fiscal year to the Mayor and Clerk of the Borough.

Section 12. Municipal Powers Retained
Notwithstanding the creation of a Business Improvement District in the Borough of Keyport expressly retains all its powers and authority over the area designed as within the Business Improvement District. No improvements or modifications shall be made to any public property without the prior formal approval of the Mayor and Council.

Section 13. Severability
If any provision of this Ordinance or the application thereof to any person or circumstance is held invalid, such holding shall not affect other provisions of the Ordinance and to this end the provisions of this Ordinance are severable.

Section 14. Effective Date
This Ordinance shall take effect immediately after passage and publication as required by law. This Ordinance shall expire in three (3) years unless reenacted by the Mayor and Council of the Borough of Keyport prior to December 7, 2002. Upon the third anniversary of the Business Improvement District, the ordinance will expire unless the Board of Directors recommend the continuation of the BID with the approval of the Mayor and Council.
Offered for adoption by Mrs. Atkins, seconded by Mr. Walling
Roll Call Vote: Ayes: Councilmembers Atkins, Walling, Wedick
Bergen
Abstain: Councilman Pedersen
Absent: Councilman Nicholl
Ordinance #3-00, Amend Business Improvement


Ordinance #3-00, Amend Business
Improvement District Ordinance

ORDINANCE AMENDING AN ORDINANCE CREATING A BUSINESS
IMPROVEMENT DISTRICT AND DESIGNATING A DISTRICT
MANAGEMENT CORPORATION

BE IT ORDAINED by the Mayor and Council of the Borough of Keyport as follows:

Section 1.
An Ordinance Creating a Business Improvement District and Designating a District Management Corporation is hereby amended to delete the following properties from Schedule A (a list and description of all assessed properties) annexed thereto:
Block Lot Property Location
21.01 30 67 West Front Street
21.01 31 57 West Front Street

Section 2.
The Ordinance shall take effect immediately after passage and publication as required by law, effective February 1, 2000.
Offered for adoption by Mr. Merla, seconded by Mr. Wedick
Roll Call Vote: Ayes: Councilmembers Merla, Atkins, Nicholl Wedick, Bergen
Abstain: Councilman Pedersen


Ordinance #24-00, Amend BID Ordinance

AN ORDINANCE AMENDING THE ORDINANCE CREATING A BUSINESS
IMPROVEMENT DISTRICT AND DESIGNATING A DISTRICT
MANAGEMENT CORPORATION

WHEREAS, the Mayor and Council of the Borough of Keyport by Ordinance #25-99 and amending Ordinance #3-00 created a Business Improvement District within the bounds of the Borough; and

WHEREAS, under said Ordinance, all properties within the BID are assessed thereunder, except for such properties exclusively used for residential purposes or otherwise tax exempt; and

WHEREAS, the Mayor and Council recognize that the BID should demonstrably enhance the value, use and function of all Class 4 properties within the BID, regardless of present use, by improving areas surrounding such properties, by increasing property values and by solidifying demand for commercial and residential leases; and

WHEREAS, the inclusion and assessment of all Class 4 properties within the BID, including Class 4C properties was recommended by the Final Report of the BID Steering Committee dated May 18, 1999, and is hereby determined to promote the needs and desires of the greater business community and the Borough.

NOW, THEREFORE, BE IT ORDAINED by the Mayor and Council of the Borough of Keyport pursuant to NJSA 40:56-65 et seq., as follows:

Section 1.
Subsection 3(b) of Ordinance #25-99 is hereby amended and revised as follows:
All business properties within the Business Improvement District, comprised of Class 4 (“Other”) assessed properties, are deemed included in the assessing provisions of this ordinance and are expressly subject to potential assessment made for Business Improvement District purposes.

Section 2.

Subsection 3

 

(c) of Ordinance #25-99 is hereby amended and revised as follows:
All properties within the Business Improvement District that are tax exempt or are assessed as Class 1 (“Vacant”), Class 2 (“Residential Property”), or Class 3 (Farmland Regular and Qualified) properties, are deemed excluded from the assessing provisions of this Ordinance and are expressly exempt from any assessment made for Business Improvement District purposes.

Section 3.
Schedule B of Ordinance #25-99 is hereby amended and replaced by the attached “Schedule B” which conforms in all material respects to said Ordinance as amended hereby.

Section 4.
All ordinances and provisions thereof inconsistent with the provisions of this Ordinance shall be and are hereby repealed as to the extent of such inconsistencies.

Section 5.
If any section, subsection, part, clause or phrase of this Ordinance shall be declared invalid by judgment of any Court of competent jurisdiction, the section, subsection, part, clause or phrase shall be deemed to be severable from the remainder of this Ordinance.

Section 6.
This Ordinance shall take effect immediately following final passage and publication as required by law, however, any assessments made hereunder shall not become effective until January 1, 2001.
Offered for adoption by Mrs. Atkins, seconded by Mr. Wedick

Roll Call Vote: Ayes: Councilmembers Merla, Atkins, Nicholl
Wedick, Bergen
Abstain: Councilman Pedersen


Ordinance #23-01, Amend BID Ordinance

AN ORDINANCE AMENDING THE LIST AND DESCRIPTION OF ALL ASSESSED
PROPERTIES IN THE BUSINESS IMPROVEMENT DISTRICT

WHEREAS, Ordinance #25-99, as amended, contains a schedule listing all Class 4 properties (including Class 4c properties) and non-Class 4 properties supporting a commercial outdoor advertisement use within the Business Improvement District, which are subject to assessment thereunder; and

WHEREAS, the Borough Tax Assessor has recommended the exclusion of Block 39, Lot 44 (34 Main Street) because same is a Class 2 property and therefore is not subject to any such assessment.
NOW, THEREFORE, BE IT ORDAINED by the Mayor and Council of the Borough of Keyport, pursuant to NJSA 40:56-65 et seq as follows:
Section 1. Schedule B of Ordinance #25-99, as last amended by Ordinance #24-00 is hereby amended and replaced by the attached “Schedule B” which conforms in all material respects to said Ordinance as amended.

Section 2.
All Ordinances and provisions thereof inconsistent with the provisions of the Ordinance shall be and are hereby repealed as to the extent of such inconsistencies.

Section 3.
If any section, subsection, part, clause or phrase of this Ordinance shall be declared invalid by judgment of any Court of competent jurisdiction, the section, subsection, part, clause or phrase shall be deemed to be severable from the remainder of this Ordinance.

Section 4.
This Ordinance shall take effect immediately following final passage and publication as required by law, however, any assessments made hereunder shall not become effective until January 1, 2002.
Offered for adoption by Mr. Merla, seconded by Mrs. Atkins
Roll Call Vote: Ayes: Councilmembers Merla, Atkins, Bergen
Pedersen
Absent: Councilmembers Ashmore and Antonucci


Ordinance #6-02, Amend Busines
Improvement District Ordinance

AN ORDINANCE AMENDING AND SUPPLEMENTING AN ORDINANCE
ENTITLED REVISED GENERAL ORDINANCES OF THE BOROUGH OF
KEYPORT ADOPTED BY THE MAYOR AND BOROUGH COUNCIL AND
AMENDED FROM TIME TO TIME THEREAFTER

BE IT ORDAINED by the Mayor and Council of the Borough of Keyport that Borough Ordinance #25-99 which created a Business Improvement District and designated a District Management Corporation is hereby amended and supplemented as follows:

Section 1.

Declaration. The Mayor and Council of the Borough of Keyport established a Business Improvement District pursuant to NJSA 40:56-65 et seq., by Ordinance adopted December 7, 1999 as Borough Ordinance #25-99. The Mayor and Council declare that since the adoption of the Ordinance creating a Business Improvement District, the business community has benefitted as a result of the actions of the District Management Corporation. Based upon this success, the Mayor and Council declare that it is in the best interest of the Borough of Keyport to expand the Business Improvement District to include all qualified commercial establishments within the Borough of Keyport.

Section 2.

 

Section 1.
Definitions, as contained in Ordinance #25-99 creating a Business Improvement District is hereby amended as follows:

 

a. “Business Improvement District” (sometimes also referred to as “District” or “Special Improvement District”) means an area within the entire Borough of Keyport, in which a special assessment on property within the District shall be imposed for the purposes of promoting the economic and general welfare of the District.

Section 3.
Findings, as contained in Ordinance #25-99, creating the Business Improvement District is hereby amended and supplemented as follows:

 

a. That the entire area within the Borough of Keyport, so designated on the map attached hereto as “Schedule A”, inclusive of all properties contained within said boundary, will benefit from being designated as a Business Improvement District.

Section 4.

 

Section 9.

Assessment Rate, as contained in Ordinance #25-99, creating a Business Improvement District is hereby amended and supplemented as follows:
 

a. Each business property in the Business Improvement District shall be assessed by the Borough Tax Assessor at the rate of $0.25 per $100.00 of assessed valuation.

Section 5.
Schedule A of Ordinance #25-99 is hereby amended and replaced with the attached “Schedule A” map, which conforms in all material, with respect to said Ordinance as amended.

Section 6.
Schedule B of Ordinance #25-99 as last amended by ordinance #24-00 is hereby amended and replaced by the attached “Schedule B” which conforms in all material with respect to said Ordinance as amended.

Section 7.
All Ordinances and provisions thereof inconsistent with the provisions of this Ordinance shall be and the same are hereby repealed as to the extent of such inconsistencies.

Section 8.
If any section, subsection, part, clause or phrase of this Ordinance shall be declared invalid by judgement of any Court of competent jurisdiction, the section, subsection, part, clause or phrase shall be deemed to be severable from the remainder of this Ordinance.

Section 9.
This Ordinance shall take effect immediately upon final passage and publication as required by law, effective March 14, 2002.
Offered for adoption by Mr. Merla, seconded by Mr. Hyer
Roll Call Vote: Ayes: Councilmembers Bergen, Atkins, Merla
Ashmore, Hyer, Stalter