[Added 2-28-1985 by Ord. No. 7-85]
The Township Council of the Township of Old Bridge, County of Middlesex, New Jersey, hereby declares and establishes that a municipal self-liquidating public utility be formed, as provided by the Local Bond Law and Local Budget Law of the State of New Jersey (N.J.S.A. 40A:2-1 et seq. and 40A:4-1 et seq., respectively). Said utility shall be operated under the title of "Old Bridge Arena and Recreation Utility."
The name by which the Utility shall be known is the "Old Bridge Arena and Recreation Utility," hereafter named the "Utility."
It shall be the function of the Utility to purchase real property, construct, operate and maintain recreation facilities and to provide enterprises in support of those facilities.
The Utility shall be governed by the ordinances, the Administrative Code and resolutions adopted by the Council and by administrative directives.
The financial affairs of the Utility shall be governed in accordance with the laws applying to the financial affairs of the municipality and utilities in general.
The Utility may, from time to time, acquire such real property as may be authorized by the Township Council by duly adopted resolutions or ordinances in accordance with the laws of the State of New Jersey.
A. 
The administration of the Old Bridge Recreation Utility will be the responsibility of a Committee, which shall consist of all members of the Township Council.
B. 
No additional compensation will be received by the membership of the Utility Committee.
C. 
The duties of the Committee shall be:
(1) 
To meet from time to time to conduct utility business.
(2) 
To formulate plans for the establishment, development and improvement of recreational facilities.
(3) 
To be responsible for the care and maintenance of the recreational facilities under its supervision.
(4) 
To formulate rules and regulations for public use of such recreational facilities.
(5) 
To maintain a separate book of account and accounting records for the operation of the Utility.
(6) 
To present to the Township Council by January 10 of each year a proposed budget for the forthcoming year and a summary of operations for the preceding year.
There shall be a head of the Utility known as the "Director." Prior to his appointment, the Director shall be qualified by training or experience, or a combination thereof, for the duties of his office. The Director of Parks and Recreation shall also serve as Director without additional compensation. The employment and salaries of the Director and the other employees will be in accordance with the ordinances of the Township of Old Bridge.
The Utility shall have the authority to charge and collect moneys for the use of Utility facilities in accordance with municipal ordinances and to use these moneys to defray the cost of the acquisition of land, rights and interest therein, to equip the facilities, to pay the Utility's current expenses, to develop the facilities and to maintain and/or repair the facilities.