[HISTORY: Adopted by the City Council of the City of Passaic 3-24-1994
as Ord. No. 1276-94.[1] Amendments noted where applicable.]
[1]
Editor's Note: This ordinance also repealed former Ch. 17, Enterprise
Zone Development Corporation, adopted 3-21-1985 as Ord. No. 839-85.
Pursuant to N.J.S.A. 52:27H-67, there shall be created a nonprofit corporation,
to be incorporated under Title 15A of the New Jersey Statutes, which shall
function as the zone development corporation and shall have the Director of
Community Development as its incorporator.
The certificate of incorporation shall provide that the duration of
the corporation shall be for a period of 21 years following the date of incorporation,
consistent with N.J.S.A. 52:27H-66, which provides that any designation of
an enterprise zone shall be for a period of 20 years and shall not be renewed
at the end of that period. Should Title 52 be amended allowing for the existence
of designated enterprise zones for a period in excess of 20 years, the certificate
of incorporation shall be amended to extend the duration of the corporation
for the period of time so designated by state statute.
The corporation to be created hereunder shall use as its corporate name,
"Passaic Enterprise Zone Development Corporation."
The corporation shall consist of a Board of Trustees, who shall also
be members of the corporation; and general members. Members, except as otherwise
provided for by this chapter, shall be appointed by the Mayor, upon advice
and consent of the City Council.
A.
The management and conduct of the affairs of the corporation
shall be directed by a board of 15 Trustees. The four standing members shall
consist of the Mayor, the Business Administrator, the President of the City
Council and the Director of Community Development, who shall serve as Chairperson
of the Board.
B.
In addition to the persons named in Subsection A of this section, the Board of Trustees shall also include 11 other members, who shall be appointed by the Mayor upon advice and consent of the City Council. These members shall represent the business and industrial community and representatives of local community organizations, such that the total membership of the Board of Directors shall be broadly representative of businesses and communities within the City of Passaic.
A.
The general membership of the corporation shall consist
of representatives of the business and industrial community within the City
of Passaic, representatives of community organizations within the City of
Passaic, and residents of the City of Passaic, such that general membership
within the corporation shall be broadly representative of businesses and members
of the community within the City of Passaic.
B.
General members of the corporation shall be elected to
membership by a majority vote of the Board of Trustees.
The Board of Trustees shall elect from its members, on an annual basis,
a Vice Chairperson, a Secretary and a Treasurer, in accordance with its certificate
of incorporation or bylaws.
A.
The corporation shall be charged with implementing the
zone development plan approved by the City Council, submitted in support of
the city's application for designation of the enterprise zone within
the City of Passaic. Upon designation of an enterprise zone, the corporation
shall implement the accepted proposals regarding:
(1)
Utilizing municipal powers for the purpose of stimulating
investment in and economic development of the enterprise zone;
(2)
Utilizing state assistance through the provisions of
the Urban Enterprise Zone Act, N.J.S.A. 52:27H-60 et seq., relating to exemptions
from and credits against state taxes;
(3)
Securing 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;
(4)
Utilizing the powers conferred by law to revise municipal
planning and zoning ordinances and other land use regulations as they pertain
to the enterprise zone, in order to enhance the attraction of the enterprise
zone to prospective developers; and
(5)
Increasing 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 and providing
and financing, to whatever extent necessary, an increase or improvement of
such services.
The initial Board of Trustees of the corporation, other than the standing
members, shall hereby be appointed, as a whole, by the Mayor upon advice and
consent of the City Council, with their names and addresses provided in the
corporation's certificate of incorporation or bylaws, according to law.
