[2000 Code § 22-1]
The Urban Enterprise Zone Authority of the State of New Jersey has designated the City of Asbury Park and the City of Long Branch as a Joint Urban Enterprise Zone pursuant to the provisions of the New Jersey Urban Enterprise Zone Act, as amended.
Pursuant to the Act, the Governing Body of a qualifying municipality may create a nonprofit corporation to formulate and propose a preliminary zone development plan and to thereafter coordinate and administer the activities of the municipality, zone businesses and community organizations within the designated enterprise zone.
The City of Asbury Park is desirous of creating such a Zone Development Corporation to administer its zone within the boundaries of its municipality.
[2000 Code § 22-2.1]
The City of Asbury Park is hereby authorized to act as an incorporator to create a nonprofit organization to be known as the "Enterprise Zone Development Corporation of Asbury Park," and the City Manager is hereby authorized to execute a Certificate of Incorporation containing provisions authorized by and consistent with this chapter.
[2000 Code § 22-2.2]
That the purpose to be included in the Certificate of Incorporation pursuant to N.J.S.A. 15A:1-1 et seq. shall include the following:
a. 
To formulate and propose a Preliminary Zone Development Plan pursuant to the Enterprise Zone Act and prepare, monitor, administer, and implement the Zone Development Plan;
b. 
To utilize the powers conferred by the New Jersey Urban Enterprise Zone Act for the purpose of stimulating investment in, and economic development of, the proposed enterprise zone;
c. 
To utilize State assistance through the provisions of the "New Jersey Urban Enterprise Zone Act" relating to exemptions from, and credits against, State taxes;
d. 
To secure the involvement in, and commitment to, zone economic development by private entities, including zone neighborhood associations, voluntary community organizations supported by residents and businesses in the enterprise zone.
e. 
To make recommendations for the revision of Municipal Planning and Zoning Ordinances and other land use regulations as they pertain to the enterprise zone for the City so that the City may use the powers conferred by law to enhance the attractions of the enterprise zone to prospective developers;
f. 
To increase the availability and efficiency of support services, public and private, generally used by and necessary to the efficient functioning of commercial and industrial facilities in the area, to the extent to which the increase or improvement is to be provided and financed by the City or by other entities;
g. 
To take such additional action, not inconsistent with the New Jersey Urban Enterprise Zone Act, as the Board of Directors of the Enterprise Zone Development Corporation deemed necessary for the development, administration and coordination of activities in the enterprise zone for the benefit of zone businesses and community organizations within the enterprise zone, for the ultimate purpose of the economic betterment of the residences and the zone and the participating municipalities.
[2000 Code § 22-2.3; New]
The Board of Directors of the Zone Development Corporation shall consist of eleven (11) members.
a. 
The Board of Directors shall be appointed by the City Council who shall serve on a nonsalaried basis. All members must be a resident of the City or have a bonafide business within the City.
[2000 Code § 22-2.4]
That the duration of the Corporation shall be for a period of time as permitted by N.J.S.A. 15A:1 et seq.
[2000 Code § 22-2.5]
The Directors of the Corporation shall develop bylaws for the Corporation, which shall be approved by the City Council and shall include an Executive Officer to be known as the Enterprise Zone Administrator. The Board shall develop qualifications for the Zone Administrator, and shall thereafter appoint an Administrator who meets the qualifications for a term not to exceed four (4) years. The Board may thereafter reappoint the same individual as Zone Administrator for successive terms, provided that no term shall exceed four (4) years. The Board shall also hire such other persons, including professional persons, as may be necessary for the efficient operation of the Enterprise Zone Corporation.
[2000 Code § 22-2.6]
That all ordinary business conducted by the Enterprise Zone Development Corporation shall be approved by a simple majority of the Board members who are present at any regular or special meeting of the Board of Directors. However, amendments to the Zone Development Corporation's bylaws, modification of zone boundaries, proposals for projects to receive money from the Zone Assistance Fund, the hiring of an Enterprise Zone Administrator and the hiring of professional, technical and consultant personnel shall require the affirmative vote of two-thirds (2/3) of the entire Board of Directors.
[2000 Code § 22-12.7]
The Certificate of Incorporation shall also contain the names and addresses of the first Board of Directors of the Corporation and such additional information as may be required by the New Jersey Nonprofit Corporation Act.
[2000 Code § 22-3.1]
Whereas, the State of New Jersey has adopted legislation creating certain areas within certain cities as Urban Enterprise Zones.
Under the legislation, the Urban Enterprise Zone Authority was created for the purposes of examining particular areas in cities and designating these cities as Urban Enterprise Zones.
The City of Asbury Park, by resolution dated May 19, 1994, did seek to have certain areas designated as Urban Enterprise Zones and did seek to have a zone plan approved by the Authority.
Representatives of the Urban Enterprise Zone Authority did designate the areas set forth in the aforementioned resolution as Urban Enterprise Zones and did approve the application of the City of Asbury Park on August 10, 1994.
[2000 Code § 22-3.2]
The Governing Body of the City of Asbury Park does hereby accept the designation of certain areas contained in its resolution. The Mayor and City Council accepts this designation from the Urban Enterprise Zone Authority and accepts the designation of the Zone Development Plan as formulated and approved in the aforesaid resolution.