Conference/Public Meeting Agendas/Documents — Packet

Corporation to effectuate the purpose of this ordinance and to exercise the powers given to it by this ordinance. d. Among the services that will be performed by the Corporation will be: 1. Beautification of public areas. 2. Providing assistance to property and business owners for improving and preserving their buildings and properties. 3. Encouraging other physical improvements or policies that will improve the economic opportunities for residents, businesses and persons employed in West Orange. 4. Marketing, promotion and public relations for the District and its neighborhoods, in conjunction with other efforts that are pursued by other groups or organizations. 5. Recruitment and retention of businesses or organizations that enhance the economic and historic qualities of the District and West Orange. e. The business community should be encouraged to provide self-help and self-financing programs to meet local need. (Ord. No. 1534-98 § 3) 25-32.4 Creation of the Special Improvement District. a. There is hereby created and designated within the Township of West Orange a Special Improvement District, consisting of the properties designed and listed on Schedule A. by tax block and lot numbers and by street addresses.* The District shall be subject to special assessments on all affected properties within the District, which assessment shall be imposed by the Township of West Orange for the purposes of promoting the economic, historic and general welfare of the District and the Township of West Orange. b. All commercial properties within the District, including all private, nonresidential assessed properties, are deemed included in the assessing provisions of this ordinance and are expressly subject to assessment made for Special Improvement District purposes. c. All properties within the Special Improvement District that are tax-exempt, or used exclusively for residential purposes with three (3) units or less, or with four (4) units or less that are owner occupied are deemed excluded from the assessing provisions of this ordinance and are expressly

urposes with three (3) units or less, or with four (4) units or less that are owner occupied are deemed excluded from the assessing provisions of this ordinance and are expressly exempt from any assessment made for Special Improvement District purposes. d. Special Improvement District assessments on mixed use commercial/residential properties will be based on one hundred (100%) percent of its assessed value. e. Unimproved property is deemed excluded from the assessing provisions of this ordinance and are expressly exempt from any assessment made for Special Improvement District purposes. f. All commercial property within the District shall be designated as either Tier I, Tier II or Tier III. Tier I properties shall be those commercial properties of which any portion of the property fronts on Main Street. Tier II are all other properties not included in Tier I and Tier III. Tier III properties shall be commercial buildings that are at least used eighty (80%) percent for office space. g. Tier I’s rate of assessment shall be greater than Tier II's rate of assessment. Tier II's rate of assessment shall be greater than Tier III's rate of assessment. (Ord. No. 1534-98 § 4; Ord. No. 1570-98 § II; Ord. No. 1593-99 § 4) * Editor’s Note: Schedule A, referred to herein, may be found at the end of this section. 171