All Legislation
Resolution18-1307Adopted
Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Approving Form of Sale of City-Secured Bonds Amount to be Financed: $10,250,000.00 Source of Appropriation: Bonds Purchaser: New Jersey Infrastructure Bank (NJIB) Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION DETERMINING THE FORM AND OTHER DETAILS OF NOT EXCEEDING $10,250,000.00 QUALIFIED GENERAL OBLIGATION BONDS OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY, AND PROVIDING FOR THEIR SALE TO THE NEW JERSEY INFRASTRUCTURE BANK AND THE STATE OF NEW JERSEY, ACTING BY AND THROUGH THE DEPARTMENT OF ENVIRONMENTAL PROTECTION, PURSUANT TO THE STATE FISCAL YEAR 2019 NEW JERSEY WATER BANK FINANCING PROGRAM FOR FUNDING THE CITY’S QUEEN DITCH RESTORATION PROJECT Additional Information:
Progress
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Introduced
Aug 9, 2018
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In Committee
Sep 11, 2018
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Passed
Sep 11, 2018
4
Enacted