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File #: 18-1309    Version: Name: Ordinance amending $30,582,031.00 School Capital Projects
Type: Ordinance Status: Tabled
File created: 8/9/2018 In control: Finance
On agenda: 9/19/2018 Final action:
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.
Related files: 18-1533
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.
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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...

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