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.
A. 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.
B. 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.
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.