Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Application to Local Finance Board for approval of bond ordinance Name of Project(s): Various Capital Improvements Amount to be Financed: $33,400,000.00 Funding Source: Bond/Notes Local Finance Board meeting date(s): June 11, 2025 Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY AUTHORIZING THE MAKING OF APPLICATION TO THE LOCAL FINANCE BOARD PURSUANT TO N.J.S.A. 40A:3-4 IN CONNECTION WITH THE CITY’S BOND ORDINANCE PROVIDING FOR VARIOUS CAPITAL IMPROVEMENTS AND APPROPRIATING $33,400,000.00 THEREFOR, AND AUTHORIZING THE ISSUANCE OF $31,730,000.00 IN GENERAL CAPITAL IMPROVEMENT BONDS OR NOTES AND APPROVING THE SUBMISSION THEREOF Additional Information: