Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Approving Form of Sale of City-Secured Bonds Amount to be Financed: $13,490,000.00 Source of Appropriation: Motor Vehicle Rental Tax Revenue Bonds Purchaser: Webster Bank, N.A. Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION AUTHORIZING AND PROVIDING FOR THE ISSUANCE AND SALE OF MOTOR VEHICLE RENTAL TAX REVENUE BONDS, SERIES 2015, OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY, PROVIDING FOR THE FORM, MATURITIES AND OTHER DETAILS OF SAID BONDS; AUTHORIZING THE EXECUTION AND DELIVERY BY THE CITY OF A TRUST INDENTURE, A PLEDGE AND ASSIGNMENT AGREEMENT AND A BOND PURCHASE AGREEMENT Additional Information: