Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Application to Local Finance Board for approval of bond ordinance. Name of Project(s): NJIB Lead Service Line Replacement Program Amount to be Financed: $49,203,472.00 Funding Source: Bonds Local Finance Board meeting date(s): February 10, 2021 and March 10, 2021 Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY AUTHORIZING THE MAKING OF APPLICATION TO THE LOCAL FINANCE BOARD PURSUANT TO N.J.S.A. 58:11B-9(a), 40A:3-4 AND 40A:2-26(e) IN CONNECTION WITH THE ISSUANCE OF UP TO $49,203,472.00 OF THE CITY’S BONDS AS QUALIFIED BONDS FOR THE NJIB LEAD SERVICE LINE REPLACEMENT PROJECT. Additional Information: This resolution is to supplement an LFB Application submitted in August 2018.