Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Application to Local Finance Board for approval of bond ordinance Name of Project(s): Tax Appeal Refunding Notes Amount to be Financed: $10,800,000.00 (Ten Million Eight Hundred Thousand Dollars and Zero Cents Funding Source: Bonds/Notes Local Finance Board meeting date(s): August 9, 2017 Project Information: (Description/ Project No./Amount Appropriated/Ordinance No.) RESOLUTION OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY, MAKING APPLICATION TO THE LOCAL FINANCE BOARD PURSUANT TO N.J.S.A. 40A:2-51, N.J.S.A. 40A:2-55 AND N.J.S.A. 40A:3-4 AND APPROVING THE SUBMISSION THEREOF Additional Information: This resolution coincides with a Refunding Bond Ordinance to approve the issuance of the Bonds (Legistar 17-1389) and the Temporary Emergency Appropriation (Legistar 17-1373) will be introduced at the same meeting.