Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing (X ) Amending Purpose: Application to Local Finance Board for approval of bond ordinance Name of Project(s): PSE&G Redevelopment Projects Amount to be Financed: $25,000,000.00 Funding Source: Bonds Local Finance Board meeting date(s): August 8, 2018 Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY APPROVING THE SUBMISSION OF AN APPLICATION TO THE LOCAL FINANCE BOARD PURSUANT TO N.J.S.A 40A:12A-29(a)(3) and N.J.S.A. 40A:12A-67(g) FOR APPROVAL OF THE MODIFICATION OF REDEVELOPMENT PROJECTS BUDGETS PREVIOUSLY APPROVED BY THE LOCAL FINANCE BOARD IN CONNECTION WITH THE ISSUANCE OF PSE&G REDEVELOPMENT AREA BONDS Additional Information: