Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Resolution Endorsing Purpose: Application to the Local Finance Board (“LFB”) for its approval of the adoption of a proposed bond resolution authorizing the issuance of proposed Redevelopment Area Bonds of certain property commonly known as 98-126 Edison Place, Newark, New Jersey 07102, and designated as Block 159.01, Lot 11, (East Ward), in an amount not to exceed $1,000,000.00 (non-recourse to the City) to be secured by PILOT payments pursuant to the Tax Exemption Law and authorizing the execution of a Financial Agreement with respect to the same. Additional Information: Newark Warehouse Urban Renewal, LLC project (federally taxable, non-recourse)