Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Confirming Bond Sale
Amount to be Financed: $95,000,000.00
Source of Appropriation: Bonds
Purchaser:
Project Information:
(Description/ Project No./Amount Appropriated/Ordinance No.)
Resolution consenting to the issuance of certain bonds for the North Jersey Water Supply Commission, Wanaque South Project and authorizing the execution and delivery
of a "Local Unit Continuing Disclosure Agreement" attached as Exhibit A.
Additional Information:
Bonds issued for the Wanaque North Project and Wanaque South Project shall not exceed $95,000,000.00
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RESOLUTION OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY, CONSENTING TO THE ISSUANCE OF CERTAIN BONDS FOR THE WANAQUE SOUTH PROJECT BY THE NORTH JERSEY DISTRICT WATER SUPPLY COMMISSION, AUTHORIZING THE EXECUTION OF A CONTINUING DISCLOSURE AGREEMENT IN CONNECTION THEREWITH AND DETERMINING CERTAIN OTHER MATTERS RELATED THERETO.
WHEREAS, the North Jersey District Water Supply Commission (the "Commission") is a public body corporate and politic of the State of New Jersey (the "State"), organized and existing under and by virtue of the laws of the State and, in particular, N.J.S.A. 58:5-1 et seq., as amended and supplemented (the "Act"), for the purpose of, among other things, providing local government water supplies; and
WHEREAS, the City of Newark (the "Local Unit"), a municipal corporation of the State located in the County of Essex, and the Commission have previously entered into that certain "Agreement" dated as of April 13, 1982, among the City of Bayonne, the Township of Bloomfield, the Township of Cedar Grove, the Town of Kearny, the City of Newark, the Township of Nutley and the Township of Wayne (including the Local Unit, each a "Contracting Local Unit"), as amended, and as the same may be further amended or supplement...
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