Title
AN ORDINANCE OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY (THE "CITY"), AMENDING BOND ORDINANCE 6PSF-a ADOPTED ON MAY 17, 2017, ON BEHALF OF THE STATE-OPERATED SCHOOL DISTRICT, AND PROVIDING FOR THE REALLOCATION OF THE $30,582,031.00 APPROPRIATION AND AUTHORIZATION FOR THE ISSUANCE OF SCHOOL QUALIFIED BONDS AND NOTES OF THE CITY AMONG VARIOUS SCHOOL CAPITAL PROJECTS CONTAINED THEREIN.
Deferred 6PSF-c 101118
Deferred 6PSF-b 102418
Deferred 6PSF-b 110818
Deferred 6PSF-b 120518
Deferred 6PSF-a 121918
Deferred 6PSF-a 010919
Tabled 6PSF-a 012319
Removed from the Table 6PSF-a 021319
No Action Taken 6PSF-f 022019
Deferred 6PSF-f 022219
PUBLIC HEARING WILL BE HELD ON FEBRUARY 26, 2019.
body
WHEREAS, the State-Operated School District of the City of Newark, in the County of Essex, New Jersey (the "City") is a legally constituted school district and corporate entity under the laws of the State of New Jersey (the "School District") and currently organized pursuant to the provisions of the Public Laws of 1987, Chapter 399, N.J.S.A. 18A:7A-34 et seq. (the "State Take-Over Act"); and
WHEREAS, the City previously adopted Bond Ordinance 6PSF-a on May 17, 2017 (the "Prior Ordinance") on behalf of the School District, in accordance with the provisions of the Local Bond Law, N.J.S.A. 40A:2-1 et seq. (the "Local Bond Law") and the School Qualified Bond Act, N.J.S.A. 18A:24-85 et seq. (the "School Qualified Bond Act" and together with the Local Bond Law, the "Acts"), providing for various school capital projects and appropriating $30,582,031.00 therefor and authorizing the issuance of $30,582,031.00 school qualified bonds or notes of the City to finance the costs thereof; and
WHEREAS, the School District finds it necessary to reallocate amounts appropriated and authorized by the Prior Ordinance among the various purposes set forth therein; and
WHEREAS, such reallocation was approved by the Capital Projects Control Board on March 27, 201...
Click here for full text