§ 270-17. District Management Corporation.

A. 

The governing body of the City of North Wildwood hereby designates Boardwalk Special Improvement District Management Corporation, a nonprofit corporation, as the District Management Corporation for the district.

B. 

The District Management Corporation for the district shall be governed by a Board of Directors having the following members:

(1) 

One member designated from the governing body of the City of North Wildwood, selected by the North Wildwood governing body, and one member designated from the governing body of the City of Wildwood, selected by the Wildwood governing body, each to be selected on an annual basis.

(2) 

Four members selected from and by property owners and/or business operators of the retail blocks along the Boardwalk in North Wildwood, on an annual basis. Nothing contained herein shall prevent the governing body of the City of North Wildwood from changing the number of the members of the Board of Directors.

[Amended 4-16-2002 by Ord. No. 1400]

(3) 

Six members selected from and by the property owners and/or business operators of the retail blocks along the Boardwalk in Wildwood, one member selected by the individual or entity which operates the primary commercial establishment as Lot 1, Block 179.02, in the City of Wildwood, one member selected by the individual or entity which operates the primary commercial establishment at Lot 1.01/1.02, Block 248, in the City of Wildwood, one member selected by the individual or entity which operates the primary commercial establishment as Lot 1.01, Block 180, in the City of Wildwood, and one member selected from the Greater Wildwoods Tourism Improvement and Development Authority (GWTIDA) Board of Directors. The remaining members shall be selected from and by property owners and/or business operators of the retail blocks in the district defined by this article along the Boardwalk in Wildwood. All of these members shall be selected on an annual basis.

[Amended 4-16-2002 by Ord. No. 1400]

(4) 

The officers (President, Treasurer and Secretary) of the corporation shall be members of the Board of Directors and elected by a majority vote of the Board.

C. 

This District Management Corporation, in addition to acting as an advisory board to the governing body, shall have all powers necessary and requisite to effectuate its purposes, as more specifically set forth in N.J.S.A. 40:56-83, as amended from time to time, including but not limited to the following:

(1) 

Adopt bylaws for the regulation of its affairs and the conduct of its business and prescribe rules, regulations and policies for the performance of its functions and duties.

(2) 

Employ such persons as may be required, and fix and pay their compensation from funds available to the corporation.

(3) 

Apply for, accept, administer and comply with the requirements respecting an appropriation of funds or a gift, grant or donation of property or money.

(4) 

Make and execute agreements which may be necessary or convenient to the exercise of the powers and functions of the corporation, including contracts with any person, firm, corporation, governmental agency or other entity.

(5) 

Administer and manage its own funds and accounts and pay its own obligations.

(6) 

Borrow money from private lenders and from governmental entities.

[Amended 11-1-2005 by Ord. No. 1482]

(7) 

Provide security, sanitation and other services in the district, supplemental to those provided normally by the City.

(8) 

Undertake improvements designated to increase the safety or attractiveness of the district to businesses which may wish to locate there, or to the visitors to the district including but not limited to litter cleanup and control, landscaping and those improvements generally permitted for pedestrian malls under N.J.S.A. 40:56-66 pursuant to pertinent regulations of the governing body.

(9) 

Publicize the district and the businesses included within the district boundaries.

D. 

The Boardwalk Special Improvement District Management Corporation, as the district management corporation for the district defined by this article, also may serve as a district management corporation designated by the City of Wildwood for its Boardwalk Special Improvement District which, if such designation is made by the City of Wildwood, will give this corporation the power and authority to operate both districts as one. Under all circumstances, the Boardwalk Special Improvement District Management Corporation shall comply with the provisions of N.J.S.A. 40:56-84 and 40:56-1988, and any amendments thereto.

[Amended 4-16-2002 by Ord. No. 1400]

Editor's Note: This ordinance also repealed former Subsection E, regarding the selection of a new district management corporation, which immediately followed this subsection.