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25-1152
| 1 | 7R4-a(s) | Resolution Authorizing Sale of Bond Anticipation Notes | Resolution | Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Confirming Bond Sale
Amount to be Financed: $33,951,000.00
Source of Appropriation: Bond Anticipation Notes
Purchaser: Open Market
Project Information:
(Description/ Project No./Amount Appropriated/Ordinance No.)
RESOLUTION OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY (THE “CITY”) AUTHORIZING AND APPROVING (A) THE SALE AND ISSUANCE OF GENERAL CAPITAL IMPROVEMENT BOND ANTICIPATION NOTES, SERIES 2025E (TAX-EXEMPT) OF THE CITY, (B) THE PREPARATION AND DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT AND FINAL OFFICIAL STATEMENT IN CONNECTION THEREWITH, (C) THE ENTERING INTO AND EXECUTION OF A CONTINUING DISCLOSURE CERTIFICATE WITH RESPECT TO SAID NOTES, AND (D) CITY OFFICIALS TO UNDERTAKE OTHER ACTIONS IN CONNECTION THEREWITH
Additional Information: | Pass |
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25-1166
| 1 | 7R6-a(s) | | Resolution | Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Rescind Resolution #7R6-e adopted on September 5, 2024
Purpose: To rescind the resolution authorizing execution of the CY 2024 Transitional Aid (TA) Loan Agreement
Entity Name: State of New Jersey, Department of Community Affairs, Division of Local Government Services,
Entity Address: 101 South Broad Street, 2nd Floor, P.O. Box 803, Trenton, New Jersey 08625-0803
Contract Amount: $22,000,000.00
Funding Source:
Contract Period: Effective June 28, 2024 through September 30, 2029
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( x ) n/a
Additional Information:
Original Resolution 7R6-e adopted on September 5, 2024. This Resolution rescinds the authorization to execute the CY 2024 Transitional Aid Loan Agreement. The rescission is necessary to permit an amendment to the CY 2024 Transitional Aid | Pass |
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25-1169
| 1 | 7R6-b(s) | | Resolution | Dept/ Agency: Law
Action: ( X ) Ratifying ( X ) Authorizing ( ) Amending
Type of Service: Loan Agreement
Purpose: To authorize the execution of the CY 2024 Transitional Aid (TA) Loan Agreement, as amended, and to provide for additional loan support for CY 2025
Entity Name: State of New Jersey, Department of Community Affairs, Division of Local Government Services
Entity Address: 101 South Broad Street, 2nd Floor, P.O. Box 803, Trenton, New Jersey 08625-0803
Loan Amount: $22,000,000.00 (CY 2024) and $30,000,000.00 (CY 2025
Contract Period: Effective June 28, 2024 through September 30, 2031, and subject to terms of repayment as set forth in the Agreement
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
Additional Information:
This resolution reflects amendments to the CY 2024 Transitional Aid Loan Agreement extending the repayment period and establish | Pass |
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25-1181
| 1 | 7R8-a(s) | | Resolution | Dept/ Agency: Offices of Municipal Council/City Clerk
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2025 Annual Municipal Budget for the City of Newark, New Jersey
Purpose: Introduction
Amount: $970,180,790.27
Budget Period: January 1, 2025 through December 31, 2025
Additional Information:
The Public Hearing will be held after September 24, 2025. | Pass |
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25-1159
| 1 | 8-a(s) | Ordinance - Special Emergency Severance Liability | Ordinance | ORDINANCE OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY, AUTHORIZING A SPECIAL EMERGENCY APPROPRIATION PURSUANT TO THE PROVISIONS OF N.J.S.A. 40A:4-53 TO FUND CONTRACTUALLY REQUIRED SEVERANCE LIABILITIES.
Public Hearing will be held on September 9, 2025. | Pass |
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