[Ord. No. 2005-05]
It is hereby created and established in the Borough of Belmar, County of Monmouth, State of New Jersey, which is a public body corporate and politic, and in accordance with New Jersey Statutes N.J.S.A. 40:48-2 and 40:60-25.1, a utility which shall be known as the Belmar Parking Utility. The Belmar Parking Utility shall operate the Belmar Public Parking System which shall include all on-street parking and off-street parking facilities, including but not limited to parking spaces, parking lots and parking structures, now owned by the Borough of Belmar or which may be acquired or constructed by the Borough of Belmar in the future. The Belmar Parking Utility shall also be responsible for enforcing all laws, ordinances, rules and regulations applicable to the Belmar Public Parking System.
[Ord. No. 2005-05]
The Belmar Parking Utility, which constitutes an agency of the municipality, exercising public and essential governmental functions shall have all of the powers necessary or convenient to carry out and effectuate the purpose and the provisions of the New Jersey Statutes, including without limitation the power to issue temporary and/or permanent debt in accordance with the Local Bond Law, N.J.S.A. 40A-2 et seq.; the right to accept contributions; and the right to enter into contracts for labor and materials; the power to receive grants or other financial assistance from the County, State or Federal government; to cooperate with any other municipality or the County or other agencies in leasing or managing any parking facility; to purchase any and all insurance necessary for the protection and safety of the operation of the utility; to enter into such agreements or other instruments as may be necessary for the efficient operation of the utility; and to maintain and operate the utility on a self-liquidating basis.
[Ord. No. 2005-05]
The Belmar Parking Utility shall be organized accordingly and in accordance with relevant municipal ordinances approved by the Mayor and Borough Council and under the direction of the Borough Administrator according to the Revised General Ordinances. The operation of the Belmar Parking Utility shall be allocated as follows:
a. 
The operation, management and staffing of the Belmar Parking Utility shall be under the direction of the Department of Administration;
b. 
The Department of Public Works shall be responsible for the maintenance, construction and improvement of all capital operations of the Belmar Parking Utility;
c. 
The Department of Finance shall be responsible for the collection of fees, investments of monies and all such financial operations including expenditures of the Belmar Parking Utility;
d. 
The position of "Parking Enforcement Officer" in accordance with and as defined by N.J.S.A. 40A:9-154.7 and 40A:9-154.8 shall be created within the Borough of Belmar in the Department of Administration.
[Ord. No. 2005-05]
a. 
In accordance with N.J.S.A. 40A:5-15, all monies received by or on behalf of the Belmar Parking Utility shall be paid to the Treasurer who shall deposit all such receipts within 48 hours.
b. 
An annual Dedicated Parking Utility Budget, including an accounting of income and expenses of the Utility, shall be prepared in accordance with relevant provisions of the Local Budget Law-N.J.S.A. 40A:4 et seq.
c. 
Any provisions of the Public Utilities Law-N.J.S.A. 40:62 et seq., which are applicable, shall be complied with.
d. 
Any provisions of the Local Bond Law-N.J.S.A. 40A:2 et seq., which are applicable, shall be complied with.