§ 75-4. Special assessment.  


Latest version.
  • The special improvement district as described on , shall be an area in which all of the property included therein, except as hereinafter stated, shall have imposed a special assessment for the purposes of promoting the economic and general welfare of the district and the Borough of Netcong. For purposes of establishing any assessment under § 75-9 of this chapter, the SID shall be divided into three tiers as described in , based upon their respective proximity to the Borough's central business district. Any property located within the SID which is tax-exempt shall not be subject to the special assessment. In the event any tax-exempt entity makes a payment in lieu of taxes to the Borough of Netcong, then and in that event, said entity shall be subject to the imposition of a special assessment. The improvements and supplemental services in the SID will involve annual costs peculiar only to the SID and will be distinguished from improvements and services normally provided by the Borough. While the improvements and supplemental services shall be maintained and operated pursuant to the provisions of this chapter and to N.J.S.A. 40:56-65 et seq. and the costs thereof assessed or taxed to the benefited properties pursuant to this chapter, such improvements and supplemental services shall not be substituted by the Borough for improvements and services now supplied to the proposed SID nor be grounds for curtailment of future improvements and services planned.