All Legislation
Resolution21-1540Adopted
Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Confirming Bond Sale Amount to be Financed: $15,000,000.00 Source of Appropriation: Bonds/Notes Purchaser: U.S. Bank National Association Project Information: (Description/ Project No./Amount Appropriated/Ordinance No.) RESOLUTION OF THE CITY OF NEWARK, COUNTY OF ESSEX, STATE OF NEW JERSEY ACTING AS REDEVELOPMENT ENTITY AUTHORIZING AND PROVIDING FOR THE ISSUANCE AND SALE OF MASS TRANSIT ACCESS TAX REVENUE BONDS/PROJECT NOTES (MULBERRY PEDESTRIAN BRIDGE REDEVELOPMENT PROJECT) (CITY SECURED); PROVIDING FOR THE FORM AND OTHER DETAILS OF SAID BONDS/PROJECT NOTES; APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF THE FORMS OF A TRUST INDENTURE AND A PLEDGE AND ASSIGNMENT AGREEMENT; AND DELEGATING THE APPROVAL OF PURCHASE AGREEMENTS AND SUBSIDY AGREEMENTS, AS APPLICABLE. Additional Information: These Notes in the amount of $15 Million is part of the total project cost not to exceed $110 Million, as previously authorized.
Progress
✓
Introduced
Oct 18, 2021
✓
In Committee
Nov 9, 2021
✓
Passed
Nov 9, 2021
4
Enacted