Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Resolution Endorsing Local Finance Board Application for TRYP Hotel Project Purpose: Resolution of the City of Newark, in the County of Essex, New Jersey approving the submission of an application to the Local Finance Board pursuant to N.J.S.A. 40A:12A-67(g) in connection with the issuance of Redevelopment Area Bonds by the New Jersey Economic Development Authority (Non-Recourse to the full faith and credit of the City) to be secured by Pilot Payments from the TRYP Hotel project. Additional Information: 22-26 East Park Street/Block 125/ Lots 84,86,87,88,91,92,93,94,96 and 108/Central Ward