Conference/Public Meeting Agendas/Documents — Packet

25-32.5 Assessment. a. All of the monies collected through the assessment, pursuant to this ordinance, shall be spent solely to benefit the properties included in the District. b. Failure of any property owner to pay the annual assessments shall be treated in the same manner as failure to pay property taxes as regulated by municipal and State laws. (Ord. No. 1534-98 § 5) 25-32.6 The Designated District Management Corporation. a. The Council of the Township of West Orange hereby designates Downtown West Orange Alliance, a nonprofit corporation, as the District Management Corporation for the District. b. On adoption of this ordinance, the Board of Trustees of the Downtown West Orange Alliance will immediately assume the management of the Special Improvement District. c. Board Members will serve until the election of new members at the first Annual Meeting, which shall be held within sixty (60) days of the adoption of this ordinance. (Ord. No. 1534-98 § 6; Ord. No. 1602-99 §§ II, III) 25-32.7 Membership. a. The membership of the Corporation shall be as follows: 1. The owners of real property, subject to the assessment under this ordinance, in the West Orange Special Improvement District as created by the Council of West Orange. Each taxable property as determined by the Tax Assessor's office of the Township of West Orange shall be entitled to one (1) vote. 2. Persons who are legal tenants of property subject to the assessment in the District and who have paid an annual dues to the Corporation shall be entitled to one (1) vote. 3. Any business, organization or individual interested in supporting the purposes of the Corporation may become a non-voting ex-officio member by filing an application in such form as the Board shall prescribe, and paying such dues, if applicable, as the Board may establish. 4. The Board of Trustees, elected at the first Annual Meeting, will consist of eleven (11) voting members, composed of the following: (a) One (1) Township Council Member to be appointed by the majority vote of the Township Council. (b) Each Township Council Member and the Mayor shall appoint a trustee who either lives in

to be appointed by the majority vote of the Township Council. (b) Each Township Council Member and the Mayor shall appoint a trustee who either lives in the Township, works in the District or owns property in the Township. All terms shall run concurrent with the appointing official, and shall be effective from July 1 of the calendar year in which the appointment is made. In the event the appointing person's term ends, the trustee's term shall also terminate. The new Mayor or Council person filling the appointing person's position shall appoint a new trustee. Not-withstanding anything to the contrary, no term shall exceed four (4) years. However, any trustee may be reappointed for additional terms. (c) Two (2) persons, who either live in the Township, work in the District or own property in the Township, to be elected at the Annual Meeting by the Members. Except as hereinafter provided, these persons shall be elected for a term of four (4) years. The initial two persons elected shall randomly be chosen to serve a two (2)- year term, a three (3)-year term and a four (4)-year term. 172