[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.