Title
Dept/ Agency: Finance
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Emergency Appropriation
Purpose: To provide funds for the City's allocable share of the Joint Meeting Flood Mitigation Project Phase Ib.
Funding Source: Bonds - New Jersey Infrastructure Bank
Appropriation Amount: $2,130,463.00
Budget Year: 2022
Contract Period:
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
Additional Information:
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY ("LOCAL UNIT") AUTHORIZING AN EMERGENCY APPROPRIATION PURSUANT TO N.J.S.A. 40A:4-46 AND 40A:4-48 TO APPROPRIATE THE LOCAL UNIT'S ALLOCABLE SHARE OF THE UNFUNDED PORTION OF PHASE I OF THE FLOOD MITIGATION FACILITIES PROJECT OF THE JOINT MEETING OF ESSEX AND UNION COUNTIES IN AN AMOUNT NOT TO EXCEED $2,130,463.00.
Operating Agency: Department of Water and Sewer Utilities
Two-Thirds vote of full membership required.
body
WHEREAS, the Municipal Council of the City of Newark, in the County of Essex, State of New Jersey (the "Local Unit"), desires to adopt a Resolution providing for an emergency appropriation, pursuant to N.J.S.A. 40A:4-46 and 40A:4-48 to appropriate the Local Unit's allocable share of the unfunded portion of Phase 1 of the Project (as hereinafter defined) in an amount not to exceed $2,130,463.00; and
WHEREAS, the Joint Meeting of Essex and Union Counties (the "Joint Meeting") is organized and exists pursuant to the provisions of N.J.S.A. 40:63-68 et seq., and constitutes a public body corporate and politic of the State of New Jersey authorized to exercise essential public and governmental functions, and having all powers necessary or convenient to carry out and effectuate its corporate purposes; and
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