Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Application to Local Finance Board for approval of bond ordinance Name of Project(s): NJIB South Street and Adams Street Drainage Improvement Project Amount to be Financed: $6,000,000.00 Funding Source: New Jersey Infrastructure Bank (NJIB) Bonds or Notes Local Finance Board meeting date(s): June 12, 2019 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 CITY’S SOUTH STREET AND ADAMS STREET DRAINAGE IMPROVEMENTS PROJECT AND APPROVING THE SUBMISSION THEREOF. Additional Information: