All Legislation
Resolution18-1087Adopted

Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Preliminary/Official Statement, Note Purchase Agreement and Continuing Disclosure Certificate for Issuance of Notes Purpose: Approving official statement, note purchase agreement, and continuing disclosure certificate for sale of bond anticipation notes. Amount to be Financed: $49,082,000.00 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 RENEWAL AND NEGOTIATED SALE OF $49,082,000.00 GENERAL OBLIGATION NOTES, SERIES 2018, 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: The sale of these bond anticipation notes is for the renewal of existing bond anticipation notes which mature on October 11, 2018 and November 30, 2018.

Progress

Introduced

Aug 17, 2018

In Committee

Sep 19, 2018

Passed

Sep 19, 2018

4

Enacted