Dept/ Agency: Administration/Office of Management & Budget Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Temporary Appropriation Resolution for Sewer Utility Debt Service Purpose: Provide funds for the Debt Services of the Sewer Utility for 2015 Funding Source: City of Newark/Sewer Utility Appropriation Amount: $ 6,518,305.00 Budget Year: 2015 Contract Period: N/A Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X ) n/a Additional Information: Funds accepted by Resolution # N/A Operating Agency: Sewer Utility Two-Thirds vote of full membership required.