§ 27-2. Purposes in certificate of incorporation.

The purposes to be included in the certificate of incorporation pursuant to N.J.S.A. 15A:1-1 et seq., the New Jersey Nonprofit Corporation Act, shall include the following:

A. 

To formulate and propose preliminary zone development plan to the governing bodies of the cities of North Wildwood and Wildwood and the boroughs of Wildwood Crest and West Wildwood, setting forth the boundaries of the proposed enterprise zone in all four municipalities, setting forth findings of fact concerning the economic and social conditions existing in the area proposed in the joint enterprise zone, and setting forth each municipality's policy and intentions for addressing the conditions in said joint enterprise zone.

B. 

To utilize the powers conferred by the New Jersey Urban Enterprise Zones Act for the purpose of stimulating investment in, and economic development of, the proposed joint enterprise zone.

C. 

To utilize state assistance through the provisions of the New Jersey Urban Enterprise Zones Act relating to exemptions from, and credits against, state taxes.

D. 

To secure 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 said joint enterprise zone.

E. 

To make recommendations for the revision of municipal planning and zoning ordinances and other land use regulations as they pertain to the joint enterprise zone for all four municipalities, so that they each may use the powers conferred by law to enhance the attractions of the joint enterprise zone to prospective developers.

F. 

To increase 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, to the extent to which the increase or improvement is to be provided and financed by the four municipalities or by other entities.

G. 

To take such additional action, not inconsistent with the New Jersey Urban Enterprise Zones Act, as the Board of Directors of the Enterprise Zone Development Corporation deems necessary for the development, administration and coordination of activities in the joint enterprise zone for the benefit of zone businesses and community organizations within said joint enterprise zone, for the ultimate purpose of the economic betterment of the residents of said zone and the participating municipalities.