Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Combining Certain Bonds into a Single and Combined Issue
Amount to be Financed: $20,250,000.00
Source of Appropriation: Bonds
Purchaser:
Project Information:
(Description/ Project No./Amount Appropriated/Ordinance No.)
Additional Information:
Invitation: Acting Finance Director, March 18, 2014
body
RESOLUTION COMBINING CERTAIN BONDS OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX INTO A SINGLE AND COMBINED ISSUE PURSUANT TO N.J.S.A. 40A:2-26(f)
WHEREAS, on July 25, 2005 the Governing Body of the City of Newark, in the County of Essex, New Jersey (the "City") finally adopted bond ordinance 6S&FA(S) entitled "BOND ORDINANCE PROVIDING FOR SEWER UTILITY IMPROVEMENTS IN THE CITY OF NEWARK, APPROPRIATING $29,500,000. THEREFORE AND AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $29,500,000. OF BONDS AND/OR NOTES OF THE CITY OF NEWARK FOR FINANCING SAID PURPOSES SET FORTH HEREIN AND AITHORIZED TO BE UNDERTAKEN BY THE CITY OF NEWARK, IN THE COUNTY OF ESSEX,STATE OF NEW JERSEY" (the "2005 Ordinance"); and
WHEREAS, on November 7, 2013 the Governing Body of the City finally adopted Bond Ordinance 6PSF_d entitled "BOND ORDINANCE OF THE CITY OF NEWARK AMENDING CERTAIN OF THE PURPOSES OF BOND ORDINANCE NO. 6S&FA(S) JULY 25, 2005, PREVIOUSLY ADOPTED BY THE CITY OF NEWARK" (the "2013 Amending Ordinance"); and
WHEREAS, on November 7, 2013 the Governing Body of the City finally adopted Bond Ordinance 6PSF-a entitled "A BOND ORDINANCE OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY, PROVIDING FOR SEWER UTILITY CAPITAL IMPROVEMENTS AND OTHER RELATED EXPENSES IN AND FOR THE CITY OF NEWARK AND APPROPRIATING $17,750,000. THEREFOR, AND PROVIDING FOR THE ISSUANCE OF $17,750,000. IN BONDS OR NOTES OF THE CITY OF NEWARK TO FINANCE THE SAME" (the "2013 Ordinance"); and
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF...
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