Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Issuance and sale of redevelopment area bonds Purpose: Authorizing and providing for the issuance and sale of redevelopment area bonds (PSE&G Project, Series 2017) in the aggregate principal amount not to exceed $25,000,000.00, for the financing of redevelopment projects within the City of Newark pursuant to the Bond Ordinance, this resolution, a Trust Indenture by and between the City and to be determined trustee (the “Trust Indenture”), the Pledge and Assignment Agreement by and between the City and a to be named trustee (the “Pledge Agreement Additional Information: Ordinance 6PSF-d adopted on May 18, 2016