All Legislation
Resolution21-0280Adopted

Dept./ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Application to Local Finance Board for approval of Redevelopment Area Bonds. Name of Project(s): The Four Corners Millennium II Project Amount to be Financed: $1,000,000.00 Funding Source: Redevelopment Area Bonds Local Finance Board Meeting Date(s): August 11, 2021 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), N.J.S.A. 40A:3-1 ET SEQ., 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 FOUR CORNERS MILLENNIUM II PROJECT. Additional Information:

Progress

Introduced

Mar 1, 2021

In Committee

Aug 4, 2021

Passed

Aug 4, 2021

4

Enacted