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ENTERPRISE ZONE DEVELOPMENT
CORPORATION OF THE WILDWOODS
Wednesday, February 29, 2012
Minutes of Meeting
A meeting of the Board Members of the Enterprise Zone Development Corporation of the Wildwoods was called to order at 9:13 AM by Board Chairman, Patrick Rosenello, at Wildwood City Hall, 4400 New Jersey Avenue, Wildwood, NJ.
Mr. Rosenello led the Pledge of Allegiance to the Flag.
Oath of Office was administered by Lou Ferrara to Mayor Troiano.
Patrick Rosenello made a motion to make Mayor Troiano of the City of Wildwood preside as Chairman of the Board. Motion seconded by Jodie DiEduardo. Motion passed by a unanimous vote.
Roll Call:
The following Board Members were present at the meeting:
Patrick Rosenello, City of North Wildwood
Jodi DiEduardo, City of North Wildwood (left 9:50 am)
Sal Zampirri, City of North Wildwood
Don Cabrera, Borough of Wildwood Crest (arrived 9:35 am)
Mark Roszkowski, Borough of Wildwood Crest
Will Morey, City of Wildwood
Ernie Troiano, Jr., City of Wildwood
Marc Karavan, City of Wildwood (arrived 9:25 am)
Those not in attendance were:
Jeff Walden, Borough of Wildwood Crest
Herbert Frederick, Borough of West Wildwood
Also present:
Lou Ferrara, Director
Ellen DeVito, Recording Secretary
Approval of Minutes:
Mr. Rosenello asked for a motion to approve the minutes from the March 16, 2011 meeting.
Motion by: Jodi DiEduardo Seconded: Mark Roszkowski
Minutes were approved unanimously with the exception of Mayor Troiano who abstained.
Marc Karavan arrived at the meeting and the Oath of Office was administered by Lou Ferrara.
Old Business:
Lou stated that our 4 municipalities received checks from the State with monies that were in their administrative and project accounts. He stated that the CFO’s have the monies in the accounts and that the letter sent by the State noted that the funds needed to be used in accordance with the rules and regulations set forth by the UEZ legislation.
Lou stated that there is new legislation pending (S429) that would restore the program and may be in the form of a discretionary fund to enable the municipalities to request money for projects. He will keep everyone informed as things progress. Lou also stated that we have some projects pending should the program be reinstated.
New Business:
2012 Administrative Budget
Lou presented a copy of the 2012 projected budget. He stated that North Wildwood has committed $15,000 and Wildwood Crest $10,000 from the monies that were received from the State. He informed the Board that he has not been able to contact Mayor Frederick. He requested that North Wildwood contribute an additional $5,000 and Wildwood Crest, $3,000. Discussion ensued. He informed the Board that the percentage calculations from previous years are not being used and this year is starting with a clean slate. Patrick Rosenello stated that with this budget, the towns will not have to go into their municipal budget this year to keep the program going, but it will be something to revisit in the future if the State does not reactivate the programming,
Patrick Rosenello stated that the Board will first have to approve the budget presented and then resolutions will be presented to each municipality to be adopted. The resolutions state the amount that will be paid out of each municipal budget to Wildwood. Lou stated that once the resolutions are adopted, the CFO from Wildwood will issue bills to the other municipalities.
Will Morey inquired about the outstanding monies that were due Wildwood. Lou stated that Commissioner Byron met with the CFO’s and thought the issue was resolved.
Mark Karavan made a motion to adopt the proposed budget and send resolutions to the municipalities for approval. Motion seconded by Patrick Rosenello.
Roll Call: Karavan yes
Troiano yes
Morey yes
Roszkowski yes
Cabrera yes
Zampirri yes
DiEduardo yes
Rosenello yes
Wildwood Crest Bike Path
Lou stated that the agenda contained an interlocal service agreement that was written by the Solicitor from Wildwood Crest for the construction of the ADA compliant boardwalk access ramp at Cresse Avenue. He stated that Wildwood Crest is using the funds from the money that they received by the State. He said that Wildwood Crest needs approval from the Board for their auditor to use the funds available to finance the project in the amount not to exceed $200,000. A budgetary worksheet explaining the monies awarded and the projected costs associated with the project are contained in the agenda.
Motion by: Don Cabrera for approval by the Board for Wildwood Crest to use the monies available for the project. Seconded by: Jodie DiEduardo
Motion passed by a unanimous vote.
North Wildwood Boardwalk Infrastructure
Patrick Rosenello asked for the Board’s approval for North Wildwood to use their project money for improvements to the North Wildwood’s Boardwalk Infrastructure.
Motion by: Patrick Rosenello Seconded by Ernie Troiano
Motion passed by a unanimous vote.
Loan Program - Discussion
Lou stated that he met with Gerry Velazquez from Triad to discuss the implementation of a loan program for small businesses. He stated that the program has been very successful in Vineland/Millville. He noted that Wildwood would be able to fund the program and create a living loan fund. This money could be used for various improvements for businesses.
Lou asked for volunteers to be on a committee to discuss which banks to work with, set interest rates and write guidelines and categorize loans for the program. Jodie DiEduardo and Marc Karavan have volunteered to sit on the committee.
Financial Disclosure Forms – Mayor Troiano reminded the Board to submit their Financial Disclosure Forms.
Comments by Board Members
There were no comments by Board members
Seeing no further business to be discussed, Mr. Rosenello asked for a motion to adjourn.
Motion by: Patrick Rosenello Seconded by: Marc Karavan
All members voted unanimously to adjourn.
Meeting adjourned at 9:55 AM.
__________________
Ellen DeVito
Recording Secretary
Approved:
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