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Title:
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Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Declaring official intent to reimburse the City of Newark for costs prior to Insurance of Debt
Purpose: Intent to reimburse expenditures to City for project costs from proceeds of debt obligations issue by the City
Amount to be Financed: $30,750,000.00
Source of Appropriation: Bonds issued to NJET and State of New Jersey
Additional Information:
Description:
Phase-VI Additional Priority Brick Sewers Rehabilitation Program - Rehabilitation by cured-in-place pipe (CIPP) of approximately 24,000 linear feet of failing Brick sewers throughout the City; purchase of sewer maintenance equipment
DEP Project Number:
S340815-17
Amount Appropriated:
$30,750,000.00
Ordinance Number:
6PSF-B 06172009
Invitation: Finance Director and Bond Counsel, August 4, 2009
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