The Township Council of the Township of Old
Bridge, County of Middlesex, New Jersey, hereby creates and establishes
in the Township of Old Bridge, County of Middlesex, State of New Jersey,
in accordance with N.J.S.A. 40:48-2 and 40:60-25.1, a utility, the
official name of which shall be the "Old Bridge Public Parking and
Transportation Utility," hereafter referred to as the "Utility."
The Utility shall have the power to exercise
public and essential governmental functions, including the powers
necessary or convenient to carry out and effectuate the purpose and
provisions of the New Jersey statutes, including the right of eminent
domain; the power to issue bonds; the right to enter into contracts
for the purchase and/or lease of real and/or personal property, including
labor and materials; the right to borrow money; the right to accept
gifts and contributions; the power to receive grants and other financial
assistance from the state or federal government; the right to cooperate
with any other municipality or the county or other agencies in taking
over and leasing or managing any parking facility; the right to purchase
any and all insurance necessary for the protection and safety of the
operation of the Utility; and the right to enter into such agreements
or other instruments as may be necessary for the efficient operation
of the Utility.
The Utility shall have the authority to charge
and collect moneys for the use of the Utility facilities in accordance
with the municipal ordinances and to use those moneys to defray the
cost of the acquisition of land rights and interests therein, to equip
the facilities, to pay the Utility's current expenses, to develop
the facilities and to maintain and/or repair the facilities.
The employment and salaries of all employees
will be in accordance with the ordinances of the Township of Old Bridge.
There shall further be established an Advisory
Committee to the Utility, consisting of seven members. The initial
terms of the membership shall be three for three years, two for two
years and two for one year, five of whom shall be appointed by the
Council and two who shall be appointed by the Mayor. The two appointments
by the Mayor, of the seven regular members, shall be one three-year
appointee and one two-year appointee. The Advisory Committee shall
have the following powers and duties:
A. To conduct studies and prepare reports and recommendations
for the Mayor concerning the establishment, maintaining and operating
of various means of transportation within the Township and surrounding
area.
B. To investigate and establish a liaison with all appropriate
federal, state and county agencies concerning the transportation problems,
systems and routes as they affect the Township and to serve as a spokesman
before appropriate governmental agencies regarding transportation
matters that affect the Township.
C. To develop an overall transportation policy which
shall consider not only present but future transportation needs of
the region and to cooperate with commuter, senior citizen and other
groups to ensure that their needs are fully and adequately integrated
within the overall transportation policy.
D. To devise necessary guidelines and methods to determine
means of nonmunicipal funding of transportation programs for the benefit
of area residents.