[HISTORY: Adopted by the Board of Commissioners of the Borough of
Collingswood 12-6-2004 by Ord. No. 1359.
Amendments noted where applicable.]
There is hereby created under the terms of this chapter a public utility
for the purpose of managing its parking operations within the Borough of Collingswood,
County of Camden and State of New Jersey. For budgetary and accounting purposes,
this utility shall be a separate entity, having its own borrowing capacity,
its own separate accounts and its own separate property, whether it be real,
personal or mixed.
The name by which the utility shall be known is "the Collingswood Parking
Utility," hereinafter the "Utility."
It shall be the function of the Utility to budget and account for the
parking operations undertaken by the Borough; to preserve, care for, lay out,
construct, maintain, improve and operate lands, buildings, and facilities
used for the provision of public parking and the enforcement of the Borough's
laws and regulations concerning parking; to construct, reconstruct, alter,
provide, renew and maintain buildings or other structures and equipment and
provide for the care, custody and control thereof in the operation of the
Utility; to raise money necessary to pay for the lands, rights or interest
therein acquired for parking activities, and for improving and equipping the
same; to pay or make provision for the payment of the reasonable expenses
in each fiscal year of the Utility; to pay to those persons entitled thereto
the interest and principal on notes and bonds of the Utility, and to deposit
and accumulate reserve funds or reserves.
The Utility shall be governed by the ordinances, the Administrative
Code, and the resolutions adopted by the Board of Commissioners and by administrative
directives.
The financial affairs of the Utility shall be governed in accordance
with the statutes applying to the financial affairs of the municipality and
utilities in general.
The Utility may, from time to time, acquire such real property as may
be authorized by the Board of Commissioners by duly adopted ordinances according
to the laws of the State of New Jersey.
The Mayor shall have the full authority to appoint and employ all necessary
employees for the Utility. Salaries of the employees will be in accordance
with classification and salary ordinances duly adopted by the Board of Commissioners.
Portions of salaries of existing employees may be prorated based on the amount
of time spent on parking operations compared to the employees full-time Borough
responsibilities.
The Utility shall have authority to charge and collect monies for the
use of the Utility's facilities whether they be user charges, rental
fees, or lease payments, and to use these monies to defray the cost of acquisition
of lands, buildings and facilities, rights and interests therein, to equip
the facilities, to pay the Utility's current expenses and to pay the
interest and principal on notes and bonds.
