Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Application to the Local Finance Board for approval of Bond Ordinance. Name of Project(s): May Newark Urban Renewal Project Amount to be Financed: $18,000,000.00 Funding Source: Redevelopment Area Bonds Local Finance Board meeting date(s): June 8, 2022 Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY APPROVING THE SUBMISSION OF AN APPLICATION TO THE LOCAL FINANCE BOARD, PURSUANT TO N.J.S.A. 40A:12A-67(g) AND N.J.S.A. 40A:12A-29(a) IN CONNECTION WITH THE ISSUANCE OF REDEVELOPMENT AREA BONDS (NON-RECOURSE TO THE FULL FAITH AND CREDIT OF THE CITY) TO BE SECURED BY PILOT PAYMENTS FROM THE MAY NEWARK URBAN RENEWAL PROJECT. Additional Information: Formerly Bears, now CitiSquare.