Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Application to Local Finance Board for approval of refunding bond ordinances Name of Project(s): Redevelopment Refunding Bonds Series 2016 and Water Utility Refunding Bonds Series 2016 Amount to be financed: $14,200,000.00 Funding Source: Refunding Bonds Local Finance Board meeting date(s): December 9, 2015 Project Information: (Description/ Project No. / Amount Appropriated/Ordinance No.) RESOLUTION OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY AUTHORIZING THE MAKING OF APPLICATION TO THE LOCAL FINANCE BOARD PURSUANT TO N.J.S.A. 40A:2-51(a) et seq. AND N.J.S.A 40A:3-4 AND APPROVING THE SUBMISSION THEREOF Additional Information: Water Utility Refunding Bond Ordinance $11, 5000, 00.00 Redevelopment Refunding Bond Ordinance $2,700,000.00