Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Application to Local Finance Board for approval of bond refunding Name of Project(s): NHA Housing Authority - Marine Terminal Amount to be Financed: $60,315,000.00 Funding Source: Bonds Local Finance Board meeting date(s): November 9, 2016 Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION of the Municipal COUNCIL of the City of Newark Authorizing the SUBMISSION of a Joint Application with the Newark Housing Authority to the Local Finance Board Pursuant to N.J.S.A. 40A:5A-6 Additional Information: This transaction must be completed prior to January 1, 2017 in order for there to be a net savings with the sale of refunding bonds.