All Legislation
Resolution20-0975Adopted

Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Preliminary/Official Statement and Disclosure Agreement for Issuance of Notes Purpose: Approving Official Statement and Disclosure Agreement for sale of Bond Anticipation Notes and Special Emergency Notes. Amount to be Financed: Not to exceed $64,774,000.00 Project Information: (Description/ Project No./Amount Appropriated/Ordinance No.) RESOLUTION OF THE CITY OF NEWARK AUTHORIZING THE CIRCULATION OF A PRELIMINARY OFFICIAL STATEMENT AND FINAL OFFICIAL STATEMENT IN CONNECTION WITH THE NEGOTIATED SALE AND ISSUANCE OF GENERAL OBLIGATION NOTES, SERIES 2020, OF THE CITY, APPROVING A CONTINUING DISCLOSURE CERTIFICATE AND NOTE PURCHASE CONTRACT WITH RESPECT TO SAID NOTES, AND AUTHORIZING OTHER ACTIONS IN CONNECTION THEREWITH. Additional Information: $42,399,000.00 Note Rollover $17,000,000.00 Special Emergency Notes $2,375,000.00 General Capital Improvements

Progress

Introduced

Aug 7, 2020

In Committee

Sep 2, 2020

Passed

Sep 2, 2020

4

Enacted