City of Newark - File #: 13-1476

• File #: 13-1476
• Version: 3
• Name: 2013 Amending Bond Ordinance
• Type: Ordinance
• Status: Adopted
• File created: 7/22/2013
• In control: Finance
• On agenda: 8/7/2013
• Final action: 11/18/2013
• Title: BOND ORDINANCE OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY AMENDING CERTAIN OF THE PURPOSES, BOND AND NOTE AUTHORIZATIONS AND APPROPRIATIONS UNDER ORDINANCE NO. 6S&FA(S-2)102307 PREVIOUSLY ADOPTED BY THE CITY OF NEWARK, AS PREVIOUSLY AMENDED BY ORDINANCE NO. 6PSF-A09022009, AND REAPPROPRIATING CERTAIN OF THE APPROPRIATIONS PREVIOUSLY FUNDED THEREUNDER TO NEW CAPITAL PURPOSES. Public Hearing will be held at the November 18, 2013, Regular Meeting only on amendment.
• Related files: 15-0609

Date	Ver.	Action By	Action	Result
11/18/2013	3	Municipal Council	Close on Public Hearing and Adopt	Pass
11/7/2013	1	Municipal Council	Motion to Amend	Pass
11/7/2013	1	Municipal Council	Adopted as amended on Public Hearing	Pass
10/29/2013	1	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
10/23/2013	1	Municipal Council	No Action Taken
10/17/2013	1	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
10/10/2013	1	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
10/2/2013	1	Municipal Council	No Action Taken
9/18/2013	1	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
9/5/2013	1	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
8/21/2013	1	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
8/7/2013	1	Municipal Council	Advance and Adopt on First Reading as 6F-	Pass

Title
BOND ORDINANCE OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY AMENDING CERTAIN OF THE PURPOSES, BOND AND NOTE AUTHORIZATIONS AND APPROPRIATIONS UNDER ORDINANCE NO. 6S&FA(S-2)102307 PREVIOUSLY ADOPTED BY THE CITY OF NEWARK, AS PREVIOUSLY AMENDED BY ORDINANCE NO. 6PSF-A09022009, AND REAPPROPRIATING CERTAIN OF THE APPROPRIATIONS PREVIOUSLY FUNDED THEREUNDER TO NEW CAPITAL PURPOSES.
Public Hearing will be held at the November 18, 2013, Regular Meeting only on amendment.

body
WHEREAS, on October 23, 2007, the Municipal Council of the City of Newark, in the County of Essex, New Jersey (the "City") finally adopted Ordinance No. 6S&FA(S-2)102307 (the "2007 Original Bond Ordinance") appropriating the sum of $83,276,300 to finance various projects (the "2007 Original Projects") and authorizing the issuance of $79,112,400 in bonds or notes of the City to finance the 2007 Original Projects; and

WHEREAS, on September 22, 2009, the Municipal Council finally adopted Ordinance No. 6PSF-A09022009 (the "2009 Ordinance") amending certain of the purposes of the 2007 Original Ordinance (hereinafter, as amended by the 2009 Ordinance, the "2007 Ordinance") to other purposes (hereinafter, as amended, the "2007 Projects"); and

WHEREAS, the Municipal Council of the City has determined that certain of the appropriations and bond authorizations contained in the 2007 Ordinance are no longer necessary for certain of the 2007 Projects; and

WHEREAS, the Municipal Council of the City has determined to amend the 2007 Ordinance in order to reallocate certain of the appropriations and authorizations therein to new capital projects; and

WHEREAS, certain of the amounts funded under the 2007 Ordinance are no longer necessary for the purposes for which such obligations were authorized, and the Municipal Council has determined that it is in the best interest of the City that such amounts be reappropriated to and used for other purposes for which bonds may b...