Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Issuance and sale of redevelopment area bonds Purpose: Authorizing the Execution and Delivery by the City of a Pledge and Assignment Agreement and such other documents and instruments as necessary for the issuance by the New Jersey Economic Development Authority of its’ Redevelopment Area Taxable Bonds (East Park Street Hospitality Urban Renewal, Inc., 22-26 East Park Street, Newark, New Jersey 07102 - 2018 Project), in an aggregate principal amount of $420,000.00. Additional Information: