File #: 15-1305    Version: 1 Name: SPECIAL EMERGENCY APPROPRIATION OF $6,000,000 FOR THE PAYMENT OF CONTRACTUALLY REQUIRED SEVERENCE LIABILITIES RESULTING FROM THE LAYOFF OR RETIREMENT OF CITY EMPLOYEES
Type: Ordinance Status: Filed
File created: 6/29/2015 In control: Administration
On agenda: 9/2/2015 Final action: 9/16/2015
Title: AN ORDINANCE OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY, PROVIDING FOR A SPECIAL EMERGENCY APPROPRIATION OF $6,000,000.00 FOR THE PAYMENT OF CONTRACTUALLY REQUIRED SEVERENCE LIABILITIES RESULTING FROM THE LAYOFF OR RETIREMENT OF CITY EMPLOYEES.
Sponsors: Council of the Whole

Title

AN ORDINANCE OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY, PROVIDING FOR A SPECIAL EMERGENCY APPROPRIATION OF $6,000,000.00 FOR THE PAYMENT OF CONTRACTUALLY REQUIRED SEVERENCE LIABILITIES RESULTING FROM THE LAYOFF OR RETIREMENT OF CITY EMPLOYEES.

 

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WHEREAS, N.J.S.A. 40A:4-53(h) provides that a municipality may adopt an ordinance providing for a special emergency appropriation for contractually required severance liabilities resulting from the layoff or retirement of City employees; and

WHEREAS, the Municipal Council of the City of Newark,  New Jersey (the “City”) has determined to authorize a special emergency appropriation to provide for the payment of contractually required severance liabilities resulting from the layoff or retirement of City employees; and

WHEREAS, the estimated cost of the payment of the required severance liabilities is $6,000,000.00.

        NOW, THEREFORE BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE               CITY OF NEWARK,  NEW JERSEY, THAT:

Section 1.                     Pursuant to N.J.S.A. 40A:4-53(h), the sum of $6,000,000.00 is hereby appropriated for the payment by the City of contractually required severance liabilities resulting from the layoff or retirement of City employees, and the same shall be deemed a special emergency appropriation as defined and provided for in N.J.S.A. 40A:4-55.

Section 2.                     The authorization to finance the appropriation shall be provided for in succeeding annual budgets by the inclusion of at least one fifth of the amount authorized by this ordinance and as provided in N.J.S.A. 40A:4-55.

Section 3.                     A copy of this ordinance shall be filed with the Director of the Division of Local Government Services.

Section 4.                     This ordinance shall take effect upon final passage and publication as required by law in accordance with the laws of the State of NewJersey.

 

 STATEMENT

 

Ordinance providing for a special emergency appropriation of $6,000,000.00 for the payment by the City of contractually required severance liabilities resulting from the layoff or retirement of City employees.