All Legislation
Resolution23-0005Adopted
Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Confirming Bond Sale Amount to be Financed: $35,598,000.00 Source of Appropriation: Bonds Purchaser: Open Market Project Information: (Description/ Project No./Amount Appropriated/Ordinance No.) RESOLUTION OF THE CITY OF NEWARK PROVIDING FOR A SINGLE AND COMBINED ISSUE OF QUALIFIED GENERAL CAPITAL IMPROVEMENT BONDS; AUTHORIZING THE SALE OF UP TO $35,598,000.00 PRINCIPAL AMOUNT OF QUALIFIED GENERAL CAPITAL IMPROVEMENT BONDS, SERIES 2023; AUTHORIZING ADVERTISEMENT OF A NOTICE OF SALE; AUTHORIZING THE CHIEF FINANCIAL OFFICER TO SELL AND AWARD THE BONDS; DETERMINING THE FORM AND OTHER DETAILS OF THE BONDS; AND AUTHORIZING OTHER MATTERS RELATING THERETO. Additional Information: To permanently finance outstanding Bond Anticipation Notes.
Progress
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Introduced
Jan 3, 2023
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In Committee
Jan 18, 2023
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Passed
Jan 18, 2023
4
Enacted