Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Application to Local Finance Board for approval of Bond Ordinance. Name of Project(s): Joint Meeting Flood Mitigation Phases II(b)-VI Amount to be Financed: $5,690,000.00 Funding Source: NJIB Bonds Local Finance Board Meeting Date(s): March 8, 2023 and April 12, 2023 Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.): RESOLUTION OF THE CITY OF NEWARK, NEW JERSEY, MAKING APPLICATION TO THE LOCAL FINANCE BOARD, PURSUANT TO N.J.S.A. 40A:3-1 et seq. Additional Information: This Application covers the costs of overruns in Phase II, as well as the costs associated with Phases III-VI.