Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Application to Local Finance Board for approval of revised maturity schedule Name of Project(s): Outstanding tax appeal refunding notes and certain outstanding refunding notes Amount to be Financed: Funding Source: Local Finance Board meeting date(s): October 8, 2014 Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY MAKING APPLICATION TO THE LOCAL FINANCE BOARD PURSUANT TO N.J.S.A. 40A:2-51 AND N.J.S.A. 40A:3-4 Additional Information: This resolution and LFB application will permit the City of Newark to revise the maturity schedule on the existing Tax Appeal Refunding Notes and other Refunding Notes, so as to realize a savings in the 2014 budget