[Adopted 11-8-1984 by Ord. No. MC-2082 (Ch. 106, Art. II,
of the 1987 Code)]
The proper officers of the City of Camden are hereby authorized,
empowered and directed to create, pursuant to the statutes of the
State of New Jersey, a nonprofit corporation to act as the Zone Development
Corporation. The purpose of said Corporation will be to reduce the
economic deterioration of Camden, which demands vigorous and coordinated
efforts by private and public entities to restore prosperity and enable
the City to resume revitalization of these areas and requires applications
of the skills and entrepreneurial vigor of private enterprise, and
it is the responsibility of government to provide a framework within
which encouragement is given to private capital investment in these
areas, disincentives to investment are removed or abated and mechanisms
are provided for the coordination and cooperation of private and public
agencies in restoring the economic viability and prosperity to Camden's
Enterprise Zones.
