REFUNDING BOND ORDINANCE OF THE CITY OF NEWARK, COUNTY OF ESSEX, STATE OF NEW JERSEY (THE “CITY”) PROVIDING FOR THE REFUNDING OF CERTAIN REDEVELOPMENT REFUNDING BONDS, SERIES 2005 OF THE CITY, APPROPRIATING AN AMOUNT NOT TO EXCEED $2,700,000.00 THEREFOR AND AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $2,700,000.00 REDEVELOPMENT REFUNDING BONDS, SERIES 2016 OF THE CITY FOR FINANCING THE COST THEREOF. Public Hearing will be held on December 16, 2015.