Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Approving Loan and Escrow Agreements for the Lead Service Line Replacement Program. Amount to be Financed: $25,796,528.00 Source of Appropriation: NJIB Bonds Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF LOAN AGREEMENTS TO BE EXECUTED BY THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY AND EACH OF THE NEW JERSEY INFRASTRUCTURE BANK AND THE STATE OF NEW JERSEY, ACTING BY AND THROUGH THE DEPARTMENT OF ENVIRONMENTAL PROTECTION, ALL PURSUANT TO THE STATE FISCAL YEAR 2022, WATER BANK WIFIA FINANCING PROGRAM FOR FUNDING PHASE 1 AND PHASE 2 OF THE CITY OF NEWARK’S LEAD SERVICE LINE REPLACEMENT PROGRAM. Additional Information: Bonds sold through New Jersey Infrastructure Bank.