Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Establishing a Dedicated Trust Fund Purpose: Requesting approval of Local Finance Board for a Dedicated Trust by Rider for the “Shop Newark” Property Tax Rebate Program and to appropriate the revenue for the purpose to which said revenue is dedicated. Trust Account Name: Shop Newark Property Tax Rebate Program Account Number: Funding Source: Rebate Program for Tax Payers Additional Information: Ordinance 6PSF-c adopted on December 21, 2016, Established a Property Tax Rebate Program (“Shop Newark”)