[HISTORY: Adopted by the City Council of
the City of Vineland 6-27-2006 by Ord. No. 2006-53[1] (Ch. 24 of the 1990 Code). Amendments noted where applicable.]
[1]
Editor's Note: The preamble of this ordinance
states: "In order to assist in the revitalization of the redevelopment
area of the City of Vineland, encourage private investment, assist
in economic development within the Urban Enterprise Zone and manage
Urban Enterprise Zone Funding, it is necessary to create a corporation
pursuant to N.J.S.A. 15A:1-1 et seq."
The City of Vineland is hereby authorized to
act as incorporator to create a nonprofit corporation to be known
as the "Vineland Development Corporation."
The Mayor, President of City Council and the
Business Administrator are hereby authorized to execute any and all
documents necessary to create said Corporation consistent herewith.
The Board of Directors of the Vineland Development
Corporation shall consist of and operate pursuant to the following
conditions:
A.
The Board of Directors shall consist of nine members.
[Amended 10-27-2009 by Ord. No. 2009-68; 2-14-2017 by Ord. No. 2017-8; 4-10-2018 by Ord. No. 2018-22; 9-28-2021 by Ord. No. 2021-57]
B.
Composition.
[Amended 9-9-2008 by Ord. No. 2008-61; 2-24-2009 by Ord. No. 2009-13; 2-14-2017 by Ord. No. 2017-8; 4-10-2018 by Ord. No. 2018-22; 9-28-2021 by Ord. No. 2021-57]
(1)
The Board of Directors shall consist of:
(a)
The Mayor of the City of Vineland;
(b)
A member of Vineland City Council;
(c)
Two residents of the City of Vineland;
(d)
Three business owners or professionals with a principal office
located in the Vineland Urban Enterprise Zone; and
(e)
Two members of a community organization active in the City of
Vineland.
(2)
The Mayor of the City of Vineland shall appoint the member of City
Council, along with the three members of the Vineland business community;
the two members of community organizations; and the two residents.
All appointments shall be made with the advice and consent of Vineland
City Council.
C.
Five members of the Board shall constitute a quorum.
D.
All ordinary business conducted by the Corporation
shall be approved by a simple majority of those Board members who
are present at any regular or special meeting of the Board of Directors.
E.
Extraordinary business conducted by the Corporation,
including but not limited to amendment to the certificate of incorporation,
approval or modification of the bylaws, proposals for projects to
be undertaken by the Corporation and the hiring or firing of professional,
technical and consultative personnel, shall require the affirmative
vote of 2/3 of the entire Board of Directors.
The Board of Directors of the Corporation shall
develop bylaws and may hire an Executive Director to supervise the
day-to-day operations of the Corporation. The Board shall develop
qualifications for the Executive Director and may thereafter hire
a person who meets said qualification for a term specified by the
Board. In lieu thereof, the Director of Economic Development of the
City of Vineland or his assignee shall serve as Executive Director.
The Board may hire such other persons, including professionals, as
may be necessary for the efficient operation of the Corporation.
The registered office of the Corporation shall
be City Hall, 640 East Wood Street, Vineland, New Jersey 08360, and
the registered agent shall be the City Clerk of the City of Vineland.
The duration of the Corporation shall be indefinite
unless the Corporation is terminated by the adoption of an ordinance
of the City Council of the City of Vineland.
