Title
Dept/ Agency: Finance
Action: ( X ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Preliminary/Final Official Statement, Continuing Disclosure Certificate and Note Purchase Agreement for Issuance of Notes
Purpose: Approving official statement, Continuing Disclosure Certificate and Note Purchase Agreement for sale of bond anticipation notes and school promissory notes
Amount to be Financed: $19,200,000.00
Project Information:
(Description/ Project No./Amount Appropriated/Ordinance No.)
Bond Anticipation Notes and School Promissory Notes for previously authorized projects
Additional Information:
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RESOLUTION OF THE CITY OF NEWARK AUTHORIZING THE CIRCULATION OF A PRELIMINARY OFFICIAL STATEMENT AND A FINAL OFFICIAL STATEMENT IN CONNECTION WITH THE SALE OF THE CITY'S BOND ANTICIPATION NOTES AND SCHOOL PROMISSORY NOTES IN AN AGGREGATE AMOUNT NOT EXCEEDING $19,200,000. AND APPROVING A NOTE PURCHASE AGREEMENT AND A CONTINUING DISCLOSURE CERTIFICATE WITH RESPECT TO SAID NOTES OF THE CITY, AND AUTHORIZING AND/OR RATIFYING OTHER ACTIONS IN CONNECTION THEREWITH.
WHEREAS, the Municipal Council of the City of Newark, in the County of Essex, New Jersey (the "City"), has previously adopted the following ordinances which authorized the issuance of bonds and/or bond anticipation notes of the City: Ordinance No. 6S&FCfinally adopted by the Municipal Council of the City on November 14, 2005, as amended by Ordinance No. 6PSF-a finally adopted by the Municipal Council on September 2, 2009; Ordinance No. 6S&FA finally adopted by the Municipal Council of the City on May 17, 2006; and Ordinance No. 6S&FA(S-2) finally adopted by the Municipal Council of the City on October 23, 2007 as amended by Ordinance No. 6PSF-a finally adopted by the Municipal Council on September 2, 2009 (collectively, the "BAN Ordinances"); and
WHEREAS, the Municipal Council of the City has previously adopted Ordinance No. 6S&FA fin...
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