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File #: 19-1639    Version: 1 Name: special emergency appropriation
Type: Ordinance Status: Adopted
File created: 10/17/2019 In control: Administration
On agenda: 12/4/2019 Final action: 12/18/2019
Title: AN ORDINANCE OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY, PROVIDING FOR A SPECIAL EMERGENCY APPROPRIATION OF $10,000,000.00 FOR THE PAYMENT OF CONTRACTUALLY REQUIRED SEVERANCE LIABILITIES RESULTING FROM THE LAYOFF OR RETIREMENT OF CITY EMPLOYEES.
Sponsors: Council of the Whole
Attachments: 1. 19-1639 certified ordinance.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
12/18/20191 Municipal Council closed on public hearing and adoptedPass Action details Meeting details Video Video
12/4/20191 Municipal Council Advanced and adopted on first readingPass Action details Meeting details Not available
12/4/20191   Returned to administration  Action details Meeting details Video Video
Title
AN ORDINANCE OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY, PROVIDING FOR A SPECIAL EMERGENCY APPROPRIATION OF $10,000,000.00 FOR THE PAYMENT OF CONTRACTUALLY REQUIRED SEVERANCE LIABILITIES RESULTING FROM THE LAYOFF OR RETIREMENT OF CITY EMPLOYEES.

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WHEREAS, N.J.S.A. 40A:4-53(h) provides that a municipality may adopt an ordinance providing for a special emergency appropriation for contractually required severance liabilities resulting from the layoff or retirement of City employees; and
WHEREAS, the Municipal Council of the City of Newark, New Jersey (the "City") has determined to authorize a special emergency appropriation to provide for the payment of contractually required severance liabilities resulting from the layoff or retirement of City employees; and
WHEREAS, the estimated cost of the payment of the required severance liabilities is $10,000,000.00 (Ten Million Dollars and Zero Cents).
NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:

Section 1. Pursuant to N.J.S.A. 40A:4-53(h), the sum of $10,000,000.00 is hereby appropriated for the payment by the City of contractually required severance liabilities resulting from the layoff or retirement of City employees, and the same shall be deemed a special emergency appropriation as defined and provided for in N.J.S.A. 40A:4-55.
Section 2. The authorization to finance the appropriation shall be provided for in succeeding annual budgets by the inclusion of at least one fifth of the amount authorized by this ordinance and as provided in N.J.S.A. 40A:4-55.
Section 3. A copy of this ordinance shall be filed with the Director of the Division of Local Government Services.
Section 4. This ordinance shall take effect upon final passage and publication in accordance with the laws of the State of New Jersey.


STATEMENT

Ordinance providing for a special emergency appropriation of $10,000,000....

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