Mission: The East Hanover Business District’s mission is to create a village atmosphere in the neighborhood business districts, allowing for a warm, safe, neighborhood environment for people who live and work in East Hanover to enjoy. This “village” will provide a place for people to shop, dine and stroll while providing a sense of community and providing a “hometown” feel. The goal is to attract local support as well as creating a business district that will assure economic growth to existing businesses and attract quality retailers and professionals to East Hanover. The Management Corporation will work to improve conditions on all other business district streets, by improving transportation pick up and drop off locations, pedestrian crossings and overall appearance of signage, landscaping and parking lots to make the it easier for employees and consumers to work and shop.
Goals to accomplish mission:
- Improve Streetscape
- Create a V (Village) Zone
- Recommend new zoning regulations involving:
- Parking/Shared Parking
- Façade Criteria
- Sign Ordinances
- Traffic Regulation
- Create Marketing Program to include:
- Farmers Market
- Cooperative advertising opportunities
- Discount opportunities to bring in corporate workers
- Resource/Business Directory
- Retail Retention/Recruitment
East Hanover Community Partnership
Board of Directors
Officers
Chair - John Graeber, DMD
V. Chair - Marie Peter, Christian N. Peter
Treasurer - Chuck Kramer
Secretary - James Stabenow, Novartis
Board of Directors
John Deep, Resident
Ken Hadley, Hadley’s Auto Repair, Resident
Chuck Kramer
Ralph Politi, All Jersey Garage Door, Resident
James Stabenow, Novartis
Carolyn Jandoli, Council Liaison
Ron Russo, Roned Printing
Mario Accumano, Design-Technica, Resident
Frank Laracca, Resident
Robyn B. Morgan, District Manager
Dick Paduch, Township Administrator
Stanley Hansen, Police Chief
Advisory Board
Philip A. Maenza, Resident
2008 Board Meetings Calendar
Third Monday of every month
6:15 pm
Town Hall, Meeting Room
Why a SID?
A Special Improvement District (SID) is a public/private partnership in which property and business owners elect to make a collective contribution to the maintenance, development, and promotion of their commercial district.
A Special Improvement District delivers a range of supplemental services in coordination with municipal services and invests in the long term economic development of their district.
How is the SID managed?
Each SID is governed by a Board of Trustees that is elected by the members of the district or in accordance with the by-laws. The Board has a fiduciary responsibility to the SID and hires the management that administers the SID on a day-to-day basis. The Board is divided into classes that include commercial property owners, business owners, retail tenants, public officials and sometimes residents. The Board should be representative of the district, but the majority of Trustees must be property owners.
How does a SID work?
The idea for the SID is modeled on the shared maintenance program of many suburban shopping centers. Tenants of a mall pay a common area maintenance fee to underwrite services that enhance the appearance of the common areas and provide cooperative advertising for the mall and its stores. Thus, stakeholders in a commercial district can align themselves in much the same way to improve their area as does a mall operation.
SEVERAL ADVANTAGES FROM THIS ARRANGEMENT ARE:
- A cleaner, safer an more attractive business district
- A steady and reliable funding source for supplemental services & programs
- The ability to respond quickly to changing needs of the business community
- The potential to increase property values, improve sales and decrease commercial vacancy rates
- *** A district that is better able to compete with nearby retail and business centers
How is a SID funded?
Funds to pay for SID programs and services are generated from a special assessment paid by the benefited property owners. The assessment is billed and collected by the Municipal government and then disbursed to the SID, which in turn delivers the District services.
How does the assessment work?
A SID assessment is a fee that each property owner pays to support the operations of the SID. The sum of all the individual assessments that property owners pay comprise the total yearly assessment of the SID, and underwrite most, if not all, annual operating expenses. The total yearly assessment is unique to each SID. The amount paid by each property owner is determined by a formula that each SID creates for its district during the formation process. Formulas are based upon property size and or value.
Conclusion:
A SID is also the most qualified mechanism to encourage district property and business owners to improve the district, make it possible for members of the general and business community to support the district and promote the commercial viability and attractiveness of the area. The creation of a Special Improvement District will promote economic growth and implement, foster and encourage commercial development, business expansion and improve the business climate; and otherwise act in the best interest of the property owners in the District.