[Adopted 2-13-1995 by Ord. No. 1995-2]
The Township Council hereby accepts the designation of certain areas contained in its Resolution adopted August 8, 1994 delineating such areas and setting forth a development plan. The Township Council accepts this designation from the Urban Enterprise Zone Authority and accepts the designation of the Zone Development Plan, as formulated and approved by the above Resolution.
[Added 7-10-1995 by Ord. 1995-16]
A. 
Creation. In accordance with the provisions of N.J.S.A. 52:27H-67, the Township Council does hereby authorize the creation of a nonprofit corporation pursuant to the provisions of Title 15 of the Revised Statutes to act as the Urban Enterprise Zone Development Corporation for the Township.
B. 
Designation as local development corporation. The Urban Enterprise Zone Development Corporation shall be considered to be a local development corporation for the purpose of receiving any State financial or technical assistance as may be available to it.
C. 
Composition. The Urban Enterprise Zone Development Corporation shall include on its board of directors/trustees representatives of the Township Council, members of the business community of the Township and representatives of community organizations in the Township so that the total membership of the board of directors/trustees shall be broadly representative of businesses and communities within the Township.
D. 
Appointments. The Township Council shall make the first appointments of the members of the board of directors/trustees of the Urban Enterprise Zone Development Corporation. Thereafter, the Township Council shall appoint new members as the terms of members expire or their position becomes vacant.