[HISTORY: Adopted by the Mayor and Council of the Borough of Red Bank by Ord. No. 13-81 (Secs. 8-1.1 through 8-1.6 of the 1987 Revised General Ordinances). Amendments noted where applicable.]
Vehicles and traffic — See Ch. 680.
The great reliance upon individual motor vehicles has caused traffic congestion and parking problems in the Borough. The parking of the motor vehicles on the streets of the Borough contribute to this congestion to such an extent as to interfere with the primary use of such street. The consolidation and combination of the parking facilities of the Borough under a single publicly owned and operated utility will benefit the Borough in the development, control and regulation of the parking facilities in the Borough so as to result in a reduction of congestion and a more orderly, safe and efficient flow of traffic and use of streets within the Borough. The Mayor and Borough Council have determined that it is in the best interests of the Borough to establish a utility known as a Public Parking System which will serve to consolidate, combine and establish public parking in the Borough for the purposes hereinbefore stated.
It is hereby created and established in the Borough of Red Bank, 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, hereby creates an utility called a public parking system, which shall be known as the "Red Bank Parking Utility."
The Red Bank Parking Utility which constitutes an agency of the Borough exercising public and essential governmental functions and shall have all of the powers necessary or convenient to carry out and effectuate the purpose and the provisions of the New Jersey Statutes so that the above shall include the right of eminent domain; the power to issue bonds and the right to enter into contracts for labor and materials; the right to borrow money; the right to accept gifts and contributions; the power to receive grants or other financial assistance from the state or federal government; to cooperate with any other municipality or the county or other agencies taking over 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.
The Red Bank 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 Administrative Code.
Located in the Department of Public Works will be a division of the Parking Utility responsible for maintenance, construction and improvement of all capital operations of the Utility.
Located in the Treasurer's Office will be a division of the Utility responsible for the collection of fees, investments of monies and all such financial operations in conjunction with the administration of parking privileges.
An annual budget shall be prepared in accordance with relevant provisions of N.J.S.A. 40A:4 et seq.
Any provisions of N.J.S.A. 40:62 et seq. which are applicable shall be complied with.
The Borough Clerk is hereby authorized and directed to file an authorized copy of this section with the Director of the Division of Local Government Services.